• Foreclosure sales are usually handled by a trustee. The amount that is paid and sold for the property is documented by the trustee and upon sale, the trustee should notify the prior owner of excess funds to be collected after deducting costs and liens. Many property sales are sold for more than the cost of the remaining mortgage, which makes surplus money available for most homes under foreclosure. Many homeowners do not receive notices of surplus funds after the foreclosure sale when the home is vacated and there is no valid forwarding address.
  • Before Surplus Government Funds can file a claim, the rightful owner must sign a legal agreement with Surplus Government Funds which allows us to file a claim on the owner’s behalf.
  • After we receive your agreement and the necessary information required to establish your right to claim the funds we will review the information to make sure we have the best chance of successfully claiming the funds.
  • Surplus Government Funds will then, notify, and file a claim on behalf of the rightful party to retrieve the funds due to them.
  • Finally, once the funds have been disbursed, we remit the payment to you via whichever payment method is most suitable for you.