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King & Corbin Associates, LLP
Home
Clean Energy Rentals
Accredited Investors
Investor Portal
Foreclosure Relief
Pre-Foreclosures
Foreclosures
Excess Proceeds Claim
News & Media
More
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Excess Proceeds from a Foreclosed property at auction

Additional Information

If a foreclosure sale results in excess proceeds, the lender doesn’t  get to keep that money. The lender is entitled to an amount that’s  sufficient to pay off the outstanding balance of the loan plus the costs  associated with the foreclosure and sale—but no more.


Generally, the foreclosed borrower is entitled to the extra money;  but, if there were any junior liens on the home, like a second mortgage  or HELOC, or if a creditor recorded a judgment lien against the property, those parties get the first crack at the funds.  Then, any proceeds left over after paying off these liens belong to the  former homeowner.


If you need help recovering excess proceeds from the sale of a recent foreclosed property. We can help you recover the amount that is owed to you with no upfront fee's. 

Learn More

Typically, if a sale has excess proceeds, the trustee or other sale  officer has to send a notice to the foreclosed homeowner’s last known  address. But the last known address is usually the foreclosed property.  Because most people don’t realize they’re due any excess proceeds, they  tend to vacate a foreclosed property without leaving a forwarding  address. So, it’s difficult for a trustee or other sale officer to find  foreclosed homeowners after a sale.

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