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Understanding What Happens After A Foreclosure
After a foreclosure, you may encounter various events depending on the state laws and your specific foreclosure process. Typically, they include the right of redemption, renting the home, voluntary departure, eviction process, deficiency judgment, auction or sale, etc.
Unclaimed Surplus Funds
In the event of non-paid taxes or mortgage foreclosure, the county holds an auction for what was unpaid. The opening bid is the amount that is due and these properties can sale for a higher amount. Any profits remaining are due to the previous owner or their heirs if they’re deceased. These funds are known as surplus funds or excess proceeds.
Filing the Claim
The beauty of working with our company is that we charge No Upfront Fees and take care of all filling cost for each claim. We will audit and gather the proper documents to file a successful claim