Every year, millions of dollars in surplus funds go unclaimed across the United States. These funds often result from tax sales, mortgage foreclosures, or bankruptcy proceedings — and many individuals don’t even realize they’re entitled to them.
So, what exactly are surplus funds, and how do you know if you’re owed anything?
💡 Understanding Surplus Funds
Surplus funds (also called overages or excess proceeds) occur when a property is sold — usually at a foreclosure or tax auction — for more than the debt owed. The excess amount doesn’t go to the lender or the government; it belongs to the former property owner or other rightful parties.
📍 Example:
Let’s say your home is foreclosed and sold at auction for $250,000, but your outstanding mortgage was only $200,000. That means there is a $50,000 surplus — and legally, that money is yours.
🏛️ Why Aren’t These Funds Automatically Sent to You?
Unfortunately, most counties don’t proactively reach out to notify former owners. The process is often complicated, involving:
- Legal filings
- Documentation verification
- State-specific deadlines
- Navigating county bureaucracy
As a result, many people never claim what’s rightfully theirs.
✅ Who Can Claim Surplus Funds?
You may be eligible to claim surplus funds if:
- You lost a home or property to tax foreclosure or mortgage foreclosure
- You were involved in a bankruptcy case with undistributed funds
- You’re the heir to an estate with unclaimed real estate proceeds
- You’re a business or financial institution with past real estate assets
⚠️ Common Reasons Surplus Funds Go Unclaimed
- People don’t know they’re owed money
- Court notifications are missed or sent to outdated addresses
- Claim deadlines are missed
- Legal or paperwork requirements feel overwhelming
🛡️ How Full Circle Asset Recovery Can Help
We specialize in tracking down unclaimed surplus funds and recovering them on your behalf — with no upfront fees. We handle:
✔️ Property research
✔️ Legal filings and court submissions
✔️ Coordination with county and court officials
✔️ Timely disbursement of recovered funds
Our attorney-backed process ensures compliance and transparency every step of the way.
💬 Final Thought
If you’ve lost a property to foreclosure or tax sale, or if you’ve been involved in a bankruptcy — you might be entitled to money you didn’t know existed. And we can help you get it back.
📞 Call us at (617) 510-1760 or contact us online for a free, no-obligation claim review.