Understanding Foreclosure Surplus Funds
What Are Foreclosure Surplus Funds?
After a property is foreclosed it is auctioned off to the highest bidder to settle the unpaid mortgage or tax debt. The surplus funds represent the excess proceeds resulting from the sale of the property after all outstanding debts, liens, and sale-related expenses have been paid.
These surplus funds legally belong to the previous homeowner, as they represent the difference between the sale price and the total debt owed on their property. Due to a lack of understanding of the foreclosure process, many homeowners are unaware that they are legally entitled to these funds.
Often these funds go unclaimed, leaving the previous homeowner without the financial benefit they are entitled to. TJC Surplus Refunds is dedicated to informing consumers of their available surplus and helping them successfully process their claims.
Partnering With a Consumer Claims Advocate...
Since navigating the foreclosure surplus claims process is much like solving a tricky puzzle it is beneficial to partner with a consumer claims advocate.
TJC Surplus Refunds' team of consumer claim advocates are seasoned professionals who know the ins and outs of the surplus funds sector. This experience allows them to efficiently manage the complex claims process from start to finish alleviating the stress and burden of dealing with the intricate legal process.
TJC Surplus Refunds is integrity-driven and promises to always put you first while providing a financially risk-free claims experience.
How to Get Started with Your Surplus Claim...
There are five simple steps to take to get your foreclosure surplus claim successfully processed with TJC Surplus Refunds.
- Acknowledge that the surplus funds are available.
- Validate you are the former property owner or heir.
- Complete and return surplus claim paperwork.
- Provide supporting documents to complete your claim case.
- Let your surplus claims team get to work!