It’s not always easy to sell your home, even if you have equity in it. Despite the problems that can come with it, foreclosure is sometimes the best option for getting out of your home. Fortunately, you can get help with your foreclosure and claiming the equity in your home with our team at Claim Surplus. If you’re not sure you need to hire an equity recovery specialist, we have five signs that you should consider.

You’re thinking about foreclosure

You can pay your mortgage payment on time for 20 years, then suddenly your life changes because you’ve lost your job or there’s a serious illness in your family. Given the state of the world with the current global pandemic, foreclosures have become more common than in many years previously. It doesn’t mean that you’re irresponsible or bad with money, you’ve simply come across unfortunate circumstances. A recovery specialist can help you claim equity in your home.

You have equity in your home

A foreclosure could be the best option for you if you can’t afford your mortgage anymore and need to move. Fortunately, you can still claim the equity in your home without missing out on that money. An equity recovery specialist will walk you through the process to help you claim the equity in your home by helping you file paperwork with the necessary entities. We’ll also hire a lawyer to work your case so you can feel confident about your legal representation.

Your bank is trying to claim your surplus

It’s not uncommon for a bank to try to recoup as much money as possible during a foreclosure. One way they’ll go about doing this is by putting in a claim for your equity surplus. While you’re entitled to claim the surplus, your bank will try to swoop in and take it if you don’t do your part to take it. Your recovery specialist will work to file your paperwork so you’re able to stake your claim to it.

The buyer is trying to claim your surplus

In addition to your bank trying to claim your surplus, you might find that the individual or party who purchased your home at auction is trying to claim it as well. With so many people coming after your surplus, you need a team of specialists who can work with you to ensure that you’ve properly filed your claim. As a part of the team working to help you claim your surplus, we’ll hire a foreclosure lawyer to represent you in all legal proceedings.

You have more than one mortgage

A foreclosure can be a tricky thing to deal with when you have one mortgage, but it can get much more difficult if you have two or more. Your recovery specialist can evaluate the equity you have in specific mortgages and let you know where you stand. For example, you might have one mortgage where you’ve established considerable equity, while you’re underwater in a second.

Reach out for help

You can get started with a home equity recovery specialist today by getting in touch with our team at Claim Surplus. We’re not lawyers, but we work with a network of lawyers who will represent you in the process of claiming your equity surplus. Give us a call at 407-759-6226 or send a message via our online contact form to get started. We have a team of equity recovery specialists who can walk you through filing your claim and provide you with updates as they come available.