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Surplus funds are proceeds remaining from a foreclosure sale after paying off the mortgage and associated fees. Former homeowners are legally entitled to claim these excess funds.
To find out if home foreclosure has resulted in surplus funds owed to you, contact the county court or trustee who handled the foreclosure. Review public records or consult a surplus recovery specialist to determine if funds are owed.
In Kansas, the timeframe to claim surplus funds can vary. It’s advisable to act promptly to avoid complications or claims by other parties.
Required documents typically include a motion or petition to claim the funds, personal identification, a copy of the foreclosure order, proof of ownership at the time of foreclosure, and possibly an affidavit explaining your relationship to the property.
Rob Titus is a thorough, respected foreclosure defense attorney serving Kansas. Since 2016, he’s helped clients just like you understand their rights to foreclosure surplus funds and acquire these funds in a timely fashion.
Have questions about foreclosure, or in need of legal help? Reach out to Titus Law for an initial consultation today.
Once the claim is approved by the court, disbursement of funds usually occurs within several weeks to a few months, depending on court backlog and any disputes.
We represented a family unaware they were owed over $40,000 from a foreclosure surplus. After filing the appropriate motion and addressing a competing claim from a debt collector, the family received the full amount they were entitled to.
For more information on Kansas foreclosure surplus funds, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (913) 243-1426 today.
Rob Titus is a thorough, respected foreclosure defense attorney serving Kansas. Since 2016, he’s helped clients just like you understand their rights to foreclosure surplus funds and acquire these funds in a timely fashion.
Have questions about foreclosure, or in need of legal help? Reach out to Titus Law for an initial consultation today.