Hazel Karen Nicolas Gonzales

When a property goes through foreclosure and generates surplus funds, the focus is usually on recovering the excess proceeds. But what if the foreclosure was improper, defective, or legally challenged ? Can you still claim surplus funds? And does filing a wrongful foreclosure case change who gets the money? Here’s what homeowners and heirs need to understand. What Is a Wrongful Foreclosure? A wrongful foreclosure may occur when: Required notices were not properly served The lender lacked...

When a property goes into foreclosure, courts rely heavily on recorded ownership records . But what happens if the deed was never updated before the foreclosure sale? This situation is more common than many people realize. And when it happens, claiming surplus funds can become more complicated. Here’s what you need to know. Why Deed Records Matter in Surplus Claims Surplus funds are typically distributed to the person listed as the legal owner of record at the time of foreclosure. If the...

Understanding why millions in foreclosure overages go unclaimed Every year, millions of dollars in foreclosure surplus funds remain sitting in court or county accounts—sometimes for years. Many former homeowners and heirs don’t even realize the money exists. If surplus funds legally belong to property owners, why do they go unclaimed for so long? Here’s what really happens behind the scenes. 1. Notices Are Sent to Old Addresses After foreclosure, many homeowners relocate. Courts typically...