Surplus Funds Explained: How Homeowners Can Claim Extra Money Post-Foreclosure. WEST PALM BEACH, FL, UNITED STATES, August 5, 2024 /Nationalequityagency.com/ -- The weight of foreclosure can be crushing. Losing a home – a place filled with memories and dreams – is a devastating blow. The financial burden adds another layer...
Explaining Surplus Funds: Financial Opportunities After Foreclosure
Surplus funds, also referred to as excess proceeds, are the remaining amount when an asset, typically a foreclosed property, sells for more than the outstanding debt or expenses related to it. These funds are the excess loan or grant proceeds beyond the expenditures for purchasing or constructing the asset. Surplus...