How It Works

What are foreclosure refunds? Many homeowners are unaware that they are entitled to cash (foreclosure refunds) from their foreclosed property after a foreclosure auction has taken place.

Foreclosure refunds are the result of foreclosure auctions, which happen after a property is foreclosed, because of an unpaid mortgage loan. The lender submits the property for auction and then the property is sold to the highest bidder.

The difference of the unpaid balance and selling price of a foreclosed property is called the foreclosure surplus or foreclosure refunds . By law, this amount should be awarded to the prior most recent owner of the property.

The previous owner of the property is usually notified by the state officials regarding these foreclosure refunds after the sale. Many times – not.

However, if people moved due to the foreclosure or relocated to a different state, they often do not know that remaining surplus funds are available. That’s why working with the seasoned professionals at Alliance Legal Help is beneficial.

Our team works to discover overage funds held by the government, such as foreclosure, tax, or estate money to claim and takes the necessary steps to recover it for our client.

Although the amount of money after a foreclosure varies, it is often a significant help for those people who need to pay for rent or a down-payment as they start their lives in a new place.

Because of procedural nuances, filing for foreclosure refunds can be complicated, especially, when other entities also have claims to the property, such as lien holders, debt collectors, and other creditors.

Working with our team allows you to consult with professionals, who have a track record of success in processing surplus fund claims and obtaining foreclosure refunds for our clients under various intricate circumstances.