Foreclosure Surplus

Foreclosure Surplus - Surplus funds, also known as excess proceeds, arise when a foreclosed property sells for more than the total amount owed on the mortgage. If your property is in foreclosure and sells at a judicial sale for more than what you owed on the mortgage, the leftover money is called a surplus. Claiming surplus funds after a foreclosure can provide significant financial relief.

If your property is in foreclosure and sells at a judicial sale for more than what you owed on the mortgage, the leftover money is called a surplus. Claiming surplus funds after a foreclosure can provide significant financial relief. Surplus funds, also known as excess proceeds, arise when a foreclosed property sells for more than the total amount owed on the mortgage.

Surplus funds, also known as excess proceeds, arise when a foreclosed property sells for more than the total amount owed on the mortgage. If your property is in foreclosure and sells at a judicial sale for more than what you owed on the mortgage, the leftover money is called a surplus. Claiming surplus funds after a foreclosure can provide significant financial relief.

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Claiming Surplus Funds After A Foreclosure Can Provide Significant Financial Relief.

Surplus funds, also known as excess proceeds, arise when a foreclosed property sells for more than the total amount owed on the mortgage. If your property is in foreclosure and sells at a judicial sale for more than what you owed on the mortgage, the leftover money is called a surplus.

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