Attorney Involvement:

Ensure that the company collaborates with licensed attorneys during the recovery process. This adds a layer of legal oversight and security.

Review Fee Structures:

• Contingency Basis: Reputable firms often work on a contingency basis, meaning they only collect a fee after successfully recovering funds on your behalf. ​

• Upfront Fees: Be cautious of companies requesting upfront payments, as this is a common tactic in scams.

Surplus funds, also known as excess proceeds, are the remaining money after a property is sold at a foreclosure auction for more than the total debts owed, including the mortgage balance, taxes, and liens.

For example, if your home was sold for $300,000 and the total debt was $250,000, the remaining $50,000 is considered surplus funds. As the former homeowner, you may be entitled to claim these funds. ​

Eligibility to claim surplus funds typically belongs to the former property owner. However, other parties, such as lienholders, may also have a legal claim. It's important to verify your eligibility based on the specifics of your situation.

While it's possible to claim surplus funds independently, the process can be legally complex and time-consuming. Professional services can assist in navigating the procedures, handling paperwork, and ensuring timely recovery.

Surplus Funds Advocate, LLC operates on a contingency basis, meaning you pay nothing unless they successfully recover funds for you. It's important to understand the fee structure before proceeding. We will never ask you for up-front fees.

Our fee is deducted from the Surplus we collect. Our attorney will distribute funds to all parties involved in the surplus recovery

If you have further questions or need assistance with the surplus funds recovery process, feel free to reach out for personalized support.

Yes, there are specific timeframes within which you must claim surplus funds. If these funds are not claimed within the mandated period, they may be permanently forfeited to the government and cannot be recovered.

Required documentation can vary but typically includes proof of ownership, identification, and any court documents related to the foreclosure. Professional services can assist in gathering and preparing all necessary documents.

The timeline for recovering surplus funds can vary depending on the complexity of the case and the efficiency of the court system. Some cases may take as soon as 10 days or 30-120 days on average from the filing date

The timeline for recovering surplus funds after a foreclosure varies based on several factors, but typically, the process takes between 90 to 120 days.

Factors Influencing the Recovery Timeline:

1. Multiple Property Owners: If the foreclosed property had multiple owners, everyone’s entitlement must be verified, which can extend the recovery period. ​

2. Deceased Property Owner: When the original owner is deceased, heirs may need to establish legal standing through probate, a process that can add several months to the timeline.

3. Filing of Foreclosure Deed: Delays in filing the foreclosure deed can postpone the availability of surplus funds, sometimes by up to 90 days. ​

4. Competing Claims: If multiple parties assert claims to the surplus funds, resolving these disputes can prolong the process beyond the average timeframe. ​

Given these variables, it's advisable to consult with professionals experienced in surplus funds recovery to navigate the process efficiently and address any complexities that may arise.

Surplus funds recovery companies, such as Surplus Funds Advocate, LLC, identify potential clients by researching public records to locate individuals entitled to unclaimed assets. This process involves examining financial records from large companies and government agencies to uncover unclaimed funds or abandoned assets owed to individuals or businesses. ​

Once potential beneficiaries are identified, we reach out to inform them about the unclaimed funds and help in recovering them. This proactive approach ensures that individuals are made aware of assets they may not know exist and provides professional guidance to facilitate the recovery process.

Surplus Funds Advocate LLC is a company that helps individuals recover unclaimed assets, such as surplus funds from foreclosure sales or tax lien sales.

We focus on providing personalized service and guiding clients through the recovery process by acting as intermediaries with government offices and attorneys.

Our services include expediting the recovery process and ensuring accurate preparation and filing of necessary documents to secure funds without unnecessary delays.

Surplus Funds Advocate, LLC was founded by Mary Ann Manna, a seasoned real estate professional with over 21 years of experience. During the Great Financial Crisis, Mary Ann witnessed numerous individuals losing their homes to foreclosure.

Upon discovering the existence of surplus funds—excess proceeds from foreclosure or tax lien sales—she recognized an opportunity to assist former homeowners in reclaiming these assets to help them start over.

This initiative enables individuals to regain financial stability and embark on a new chapter after the loss of their property.​