Foreclosure Surplus Recovery
Did your home sell at a foreclosure auction for more than you owed? The difference — surplus funds — may belong to you. Many homeowners never know this money exists. We help you find it and get it back.
Free ConsultationWhat Are Foreclosure Surplus Funds?
When a property is sold at a foreclosure auction, the sale proceeds are used to pay off the mortgage and any associated costs (attorney fees, court costs, etc.). If the property sells for more than the total amount owed, the leftover money is called surplus funds or overage.
These surplus funds legally belong to the former homeowner — but most people are never told. The funds are typically held by the court or trustee, and if unclaimed, may eventually be turned over to the state. Our firm tracks down these funds and helps you file the proper legal claims to recover what's rightfully yours.
How It Works
We Investigate
We search public foreclosure records to identify whether surplus funds exist from the sale of your property.
We Claim
We prepare and file the necessary legal documents to establish your right to the surplus proceeds.
You Receive
Once approved, the funds are released and sent to you — minus our agreed-upon contingency fee.
Some Successful Recoveries
Real clients. Real recoveries. Here are a few examples of surplus funds we've helped Alabama homeowners reclaim.
The Holloway family lost their home of 15 years to foreclosure and had no idea surplus funds even existed. We tracked down $48,965 owed to them from the auction overage and walked them through every step of the claim process.
After his divorce, Mr. Collier fell behind on payments and the bank foreclosed. When we searched the public records, we found $36,233 in surplus sitting unclaimed. We filed the paperwork and recovered it on his behalf.
The Pruitts, a retired couple in the Shoals area, were stunned to learn their foreclosure had generated surplus funds. We recovered $22,578 for them and helped put the money toward a more stable living situation.
A young veteran, Mr. Dodson, walked away from his foreclosed property thinking that was the end of it. We investigated and found $12,320 in surplus funds waiting for him — money he used to get back on his feet.
Prior results do not guarantee a similar outcome. Each case is unique and depends on its individual facts and circumstances.
What We Do For You
No Recovery, No Fee
We handle foreclosure surplus recovery on a contingency basis. You pay nothing upfront — we only get paid a percentage of what we recover for you. If we don't recover funds, you owe us nothing.
Frequently Asked Questions
What are foreclosure surplus funds?
When a foreclosed property sells at auction for more than the outstanding mortgage and associated costs, the extra money is called surplus funds (or overage). These funds belong to the former homeowner — not the bank or the auction purchaser.
How do I know if I'm owed surplus funds?
Many former homeowners have no idea they're owed money. We search public records to find out if a surplus was generated from your foreclosure sale. If funds exist, we'll help you claim them.
How much does it cost?
We work on a contingency basis — you pay nothing upfront. We only get paid a percentage of the funds we successfully recover for you. If there's no recovery, there's no fee.
How long does the process take?
Timelines vary depending on the court, the complexity of the claim, and whether any other parties contest the funds. We move as quickly as the process allows and will keep you updated throughout.
I lost my home a while ago — is it too late?
In Alabama, surplus funds are typically held for a limited time before being turned over to the state. The sooner you act, the better your chances. Contact us and we'll investigate your situation right away.
You May Be Owed Money — Let's Find Out
If your home was foreclosed on, surplus funds from the sale may be waiting for you. Schedule a free consultation and we'll investigate at no cost.