When a property is sold at a foreclosure auction and the sale price exceeds the debt owed, the extra money—called surplus funds or excess proceeds—rightfully belongs to the previous owner or other qualified claimants. But sometimes, multiple parties step forward claiming rights to the same funds. That’s where the court steps in with something called an interpleader action. What Is an Interpleader Action? An interpleader action is a legal process used when there are competing

Imagine finding out that your foreclosure surplus funds—money that rightfully belongs to you—were accidentally sent to someone else. It’s a nightmare scenario, but it happens more often than most homeowners realize. Surplus funds can sometimes be misfiled, misdirected, or even claimed by the wrong person, especially when multiple parties are involved or when errors occur in the court or county office. The good news? In most cases, it can be fixed — if you act quickly. How Sur

Filing a surplus funds claim after a foreclosure is a big step toward recovering money that rightfully belongs to you. But many homeowners don’t realize that filing the claim is only half the process. The most overlooked step in surplus recovery — and one of the most important — is following up with the court . Without proper follow-up, even valid claims can sit unresolved for months or get lost in the system entirely. Why Following Up Matters After a foreclosure sale, surplu

When a property is sold at foreclosure and there’s money left over after paying off the debts, those extra funds—called surplus funds or excess proceeds—are typically held by the court or county until claimed. A common question homeowners have is: 💭 “Does that money earn interest while it’s being held?” The short answer is: it depends. Let’s explore what actually happens to those funds while they wait for the rightful owner to claim them. How Surplus Funds Are Held After a f

When it comes to claiming surplus funds after a foreclosure, many homeowners focus on the amount they might receive — but overlook one of...

When a property goes through foreclosure, the money from the sale is used to pay off the debts tied to the property — like mortgages,...

If you lost your home to tax foreclosure in Michigan , you may still be entitled to surplus funds —the money left over when your property...

When you begin the process of claiming surplus funds  after a foreclosure, one of the first offices you’ll interact with is the court...

When it comes to claiming surplus funds in Michigan , timing is everything. Even if you qualify for thousands of dollars from a...

When a homeowner passes away and their property goes through foreclosure, surplus funds may still be available after the sale. But what...

If your home in Michigan was foreclosed and sold for more than what you owed, you may be entitled to surplus funds —the extra money left...

When a home goes through foreclosure , many former owners assume everything is lost—including the money from the sale. But if the...

If your property was sold in a tax foreclosure  in Michigan, you may be entitled to surplus funds —the extra money left over after the...

After a foreclosure, many former property owners are surprised to learn they may be entitled to surplus funds—the leftover money from a...

If you lost your home in a tax foreclosure in Michigan in recent years, you may be entitled to surplus funds —and the deadline to claim...

After a foreclosure or tax sale, any extra money left over from the sale—called surplus funds —legally belongs to the former homeowner or...

Surplus funds—leftover money from a foreclosure or tax sale—can be a critical financial recovery for families after losing a loved one’s...

When a loved one passes away and their property is sold through a foreclosure or tax sale, there may be surplus funds —the remaining...

Foreclosure and tax sales can be devastating, especially when they impact vulnerable individuals like minors  or relatives with...

If you’ve inherited a home that was later lost to foreclosure or a tax sale, you may not realize you could still be owed money—even if...