Foreclosure doesn't have to be your fate – You have OPTIONS!
Foreclosure doesn't have to be your fate – You have OPTIONS!
If you've recently had your home foreclosed on or the foreclosure auction is approaching, Let us help you retrieve the excess funds you are entitled to!
In most cases, if your home is foreclosed on and sold at auction, the proceeds from that sale will be used to pay off the mortgage debt owed on the property. However, if there’s any money left over after paying off all debts related to the property–including taxes and liens–you’re entitled to it. The lender who forecloses on the home is responsible for distributing proceeds from the sale.
Typically, excess funds go to the following (in this order):
After a mortgage is paid through a foreclosure auction’s final judgment, the foreclosure auction trustees are responsible for disbursing funds. It’s common for banks or government entities to attempt to collect on excess foreclosure funds that rightfully belong to the homeowner who originally borrowed the money. It can be frustrating and confusing trying to recover these funds, especially if you’re not sure what to expect or how to handle the situation. To avoid this, it’s best to work with an attorney. Our attorney's have represented thousands of clients and will help you recover the excess funds you're entitled to.
To effectively claim these funds as the borrower on a property that was foreclosed on, you will need to work with a experienced legal team that practices foreclosure law. LPS is partnered with foreclosure attorneys with 25+ years of experience, who are seasoned in the practice of foreclosure law and will submit all legal documents necessary to get your money released to you. Contact us today for help recovering your Excess Funds!
Our Excess Funds Recovery Agents will pair you with one of our Foreclosure attorney's who will start your claim.
Email Us: Info@Lloydps.com Call Us Now: (347) 986-0121
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