You are entitled to recover any surplus funds that result from the foreclosure sale of your home (CIVIL CODE SECTION 2945-2945.11). What does Surplus Funds Mean? Surplus funds arise from the difference between the sale amount of a home in a foreclosure sale and the mortgage on the house at the time of the sale. It […]
foreclosure surplus
Information for Claiming Surplus Funds after Foreclosure Sale
What Happens After Foreclosure in California? Foreclosure is quite common in California, but not many people know that they are entitled to receive surplus funds if any equity remains after the trustee sale. Under California foreclosure law, any sale funds that exceed the balance of the loan, and the associated fees, must be returned to […]
What You Need to Know About Mortgage Foreclosure Surplus Funds
Many homeowners are unaware that they are entitled to cash from their foreclosed property after a foreclosure auction. Whenever a property is foreclosed…
