FORECLOSURE? Past or Present in Milwaukee, WI

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Foreclosure Surplus Funds: What They Are and How To Claim Them: Many homeowners use mortgage loans to purchase their homes. If borrowers cannot make their loan payments as promised, the mortgage holder has the right to foreclose on the property, repossess the home, and sell it-(the same for unpaid property taxes on a home.) When the property is sold at a foreclosure auction for more than what was owed on the property, the former property owner is entitled to receive these surplus funds. Foreclosure surplus funds are the proceeds from the sale of a property that was foreclosed on. Also referred to as excess funds-these are the funds left over after a mortgage is paid through the final judgement. To claim these funds as the borrower on a property that was foreclosed on, you will need to work with an experienced foreclosure team that can help you navigate the sale process and ensure that all parties involved receive fair compensation. By working together, you can maximize the value of your foreclosure surplus funds as you work to get back on your feet.

 

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