🔍 "Most homeowners don't realize they're entitled to leftover funds when their property sells at auction for more than the owed debt."
🚨 Through advanced title search techniques and enforcement of state surplus laws, our partners at Property Equity Recovery have successfully reclaimed over $200 million in foreclosure overages for former homeowners across all 50 states - funds that rightfully belong to the original property owners under statutory law.
This recovery process is supported by multiple legal provisions including California Civil Code § 2924k, Florida Statute § 45.032, and the Uniform Commercial Code (UCC § 9-608) governing surplus funds distribution.
When a foreclosed property sells at auction for more than the outstanding mortgage debt + fees, the surplus (often $10,000-$100,000+) legally belongs to the former homeowner. Most states require trustees to hold these funds for 1-3 years before escheating to the state.
Over 72% of foreclosure sales generate surplus funds, yet less than 15% of homeowners claim their money. Banks and trustees often fail to notify former owners, allowing billions in unclaimed funds to sit in state treasuries nationwide. Many states have 3-5 year claim windows before funds are permanently lost.
Under state trust laws and UCC provisions, the surplus constitutes trust funds held in your name. Even if you walked away from the property or had a deficiency judgment, these overages remain your separate legal entitlement. Our team specializes in tracing auction records and trustee accounts to recover what's yours.
Our team of foreclosure specialists and title examiners conducts a deep-dive analysis of your property history. We verify: 1) Original mortgage details 2) Foreclosure sale price 3) All lienholder payoffs 4) Calculated surplus amount 5) Current holding agency. This initial investigation takes 7-10 days.
If we confirm recoverable overages, you'll sign our Master Agreement. If no surplus exists (less than 28% of cases), you pay nothing and receive full documentation of our search results.
We prepare all required legal documents including: 1) Proof of ownership 2) Chain of title 3) Notarized claim forms 4) State-specific affidavits 5) Trustee demand letters. Our attorneys file with the appropriate court or state treasury department, initiating the 60-90 day verification process.
Once the holding agency approves your claim, funds are typically issued within 45 days. We help establish a secure escrow account for your proceeds. Average recoveries range from $18,000-$75,000 depending on property value and state laws.
📊 Our success-based fee is 30% of recovered amounts + court costs (typically $395-$895). Example: $50,000 recovery nets you $35,000 after $15,000 in fees. No upfront costs - we only get paid when you do.
⚖️ Contingency representation means zero financial risk. We cover all research, filing, and legal costs during the claim process. Most claims resolve within 90-120 days from initial filing.
⏳ State claim windows range from 1 year (AL) to 5 years (CA). Once funds escheat to the state, recovery becomes exponentially harder. Our team files emergency petitions for imminent deadlines.
🔐 With over 15,000 successful claims processed, we've developed proprietary tracking systems to locate "lost" surpluses even when trustees claim no funds exist. Let us audit your foreclosure history at no cost.
We process all the legal documents communicating with multiple agencies on your behalf
provides information, services, and resources for the individuals interested in the foreclosure recovery program.
