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How to Claim Foreclosure Overage Funds from Foreclosure & Tax Sales
Sometimes there is money left over from the payments towards the mortgage after foreclosure sales or a Tax Lien Sale. Many people do not know that they can receive surplus property funds after their property is sold in a foreclosure auction. Whenever a property is sold in foreclosure due to an unpaid mortgage loan, the lender is required to return surplus funds to the prior owner after the auction.
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Claim Foreclosure Overage Money Under Foreclosure Laws
Foreclosure laws state that the difference of the unpaid loan amount and the current selling price of the foreclosed property should be paid to the defaulter. This has many names, often called surplus funds. We have workers that specialize in collecting surplus funds on our behalf, and access to attorneys if we need them.
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