WEST PALM BEACH, FL, UNITED STATES, September 25, 2024 /Nationalequityagency.com/ -Foreclosure is a devastating event for homeowners, often resulting in the loss of a home, which is typically their most significant financial and emotional asset. However, many are unaware that foreclosure doesn’t necessarily end in total financial loss. In fact,...
Surplus Funds: A Vital Resource for Homeowners Post-Foreclosure
Surplus funds from foreclosure sales represent a critical opportunity for homeowners to reclaim some equity after their property is sold. These funds arise when the proceeds from the sale exceed all the debts and expenses required to be paid according to the final foreclosure judgment. National Equity Agency (NEA), a...
Navigating the Foreclosure Process: How to Claim Surplus Funds
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...