What are Excess Funds?

The excess funds process refers to the procedure by which surplus funds from a real estate transaction such as a foreclosure sale, tax lien auction, or other property sale are distributed to the rightful owner or other entitled parties.

Property owners typically have a legal right to claim any excess proceeds from the sale of their property. This right is often established by state laws governing real estate transactions and foreclosures. There may be statutory time limits within which owners must claim their excess funds. Owners have the right to seek legal assistance to navigate the process of claiming excess funds, especially if there are disputes or complications.
In some cases, third parties (such as lien-holders) may also have claims to the excess funds. The property owner may need to address these claims before receiving their share.

At IJOJ Ventures, we assist property owners who have experienced foreclosure or tax sales in recovering their funds. Our team handles all the details to ensure a hassle-free process, supported by our outstanding network of attorneys.

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