Foreclosure Overage Recovery

FORECLOSURE SURPLUS

When a property gets foreclosed on, it gets sold at an auction to try and cover the unpaid debt attached to it.

Let’s say a property has a $1500,000 mortgage on it. If it gets sold at a foreclosure sale for $200,000, then there is a surplus of $50,000.

That’s because the amount brought in by the foreclosure sale ($200,000) is more than the amount foreclosed on ($150,000).

That $50,000 minus any other liens against the property typically belongs to the previous borrower (you).

Banks and counties (in the case of tax foreclosures) don’t really want you to have this money.

That is where we come in. We are dedicated to helping those that just went through one of the most stressful things possible getting a bit of good news. We work to get you what you are owed.

We get paid only if you are paid so we work hard to make sure you get paid.

We get paid only if you are paid so we work hard to make sure you get paid.