Hazel Karen Nicolas Gonzales

Recovering surplus funds after a foreclosure can provide important financial relief. However, for individuals who receive Medicaid, Supplemental Security Income (SSI), or other means-tested benefits, receiving a lump-sum payment may raise questions about continued eligibility. Whether surplus funds affect your benefits depends on the program you receive, how the payment is classified, and the rules that apply to your situation. Understanding these factors before receiving the money can help...

Discovering that you may be entitled to surplus funds after a foreclosure can be a welcome surprise. However, before working with a surplus funds recovery company, it is important to understand the agreement you are being asked to sign. A surplus funds recovery agreement outlines the relationship between you and the company assisting with your claim. It explains the services being provided, the fees involved, and the responsibilities of each party. Reviewing these terms carefully can help you...

A foreclosure sale does not always go through as planned. A scheduled sale may be canceled before it happens, or a completed sale may later be reversed because of a court order or another legal development. When this happens, what becomes of the surplus funds? The answer depends largely on whether the sale actually took place and what happened to the proceeds afterward. When a Foreclosure Sale Is Canceled A canceled foreclosure sale is one that does not proceed as originally scheduled....