Claim Surplus LLC: helping get money from your foreclosure settlement
Most people assume that when they foreclose on a house they have to walk away without getting anything back. It might be because of the relief that comes with finishing the grueling process they’ve gone through or being done dealing with the aggressive nature of the bank. However, you could be entitled to money after your home sells at auction. With help from Claim Surplus, we can help you get money from a foreclosure settlement. Read our short guide to learn more about how this works and what we’ll do to help.
How it works
When you foreclose on your house, it’s going to go up for auction. The cost of the house is going to continue to rise until the highest bidder wins the house. If the highest bid is more than what you owed on the house, you’re entitled to the difference. For example, if you owed $150,000 on your home at the time of foreclosure and the house sells at auction for $200,000, you’re owed $50,000. However, something you need to keep in mind is that other parties like the bank or even the buyer are going to try to come after that money. It’s our job to fight to get that money for you once you’ve completed the necessary paperwork to get the process started.
Why it works
When you buy a home, the amount that you’ve purchased it for is established as the current value. That value can fluctuate up or down based on the housing market in your area. However, your loan amount is set and will only drop as you continue to pay it off. As you pay down your mortgage and establish equity in the home, that’s the value that you’re entitled to. Should you foreclose on your home, the equity remains with you. This is why you get the surplus if a buyer pays more than what is remaining on your mortgage.
What we’ll do for you
As a foreclosure settlement law firm, we’ll work for you to get the money that you’re owed after your house sells at auction. We do this by arguing the claim at a hearing in front of a judge. If the judge rules in your favor, the clerk has three weeks to mail a check. We make it a priority to provide you with regular updates throughout the process so you know exactly what’s happening with your money.
Who we are
At Claim Surplus, we’re a team of foreclosure experts who are passionate about representing families that deserve to get every penny out of their homes. We have a team that has decades of experience working with homeowners through foreclosures and short sales, which makes them qualified to help you get the surplus money you’re entitled to. Our team of foreclosure analysts can also provide an attorney with the necessary information they need to properly represent you and your case in front of a judge.
Contact us to get started
Don’t let money that you’re entitled to fall through the cracks. Get help from Claim Surplus. We’ll fight for you to get money from a foreclosure settlement. Our team is proud to offer a variety of programs that are designed specifically to assist you in your effort to get your refund. Give us a call today at 407-759-6226 or send a message using our online contact form. Hire our foreclosure law firm to fight for your foreclosure settlement.
