FAQs
FAQs
Wondering About Surplus Funds? Find Your Answers Here.
Wondering About Surplus Funds? Find Your Answers Here.
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What are surplus funds?
What are surplus funds?
Surplus funds (also called excess funds) may occur when a foreclosed property sells for more than the total amount owed on the mortgage and associated costs.
If surplus funds exist, they are typically held by a court, trustee, or other authorized administrator until claimed by the former owner or other entitled party.
Availability of surplus funds depends on the specific foreclosure and applicable state law.
How do I know if I'm owed surplus funds?
How do I know if I'm owed surplus funds?
You may be owed surplus funds if your property was foreclosed and sold for more than the total debt owed at the time of sale.
PropertyUFlex reviews publicly available foreclosure and court records to help determine whether surplus funds may exist. You may also verify this independently through the appropriate court or agency.
Submitting an inquiry or scheduling a consultation does not create any obligation.
Can I recover surplus funds from an old foreclosure?
Can I recover surplus funds from an old foreclosure?
In many cases, surplus funds can still be claimed years after a foreclosure. However, time limits vary by state, and unclaimed funds may eventually be transferred to a government entity or become subject to additional restrictions.
Because deadlines differ, individuals are encouraged to review their options promptly or consult the appropriate authority.
What happens if I miss the claim deadline?
What happens if I miss the claim deadline?
If a claim deadline passes, surplus funds may:
remain with the holding authority,
be transferred to a government unclaimed property program, or
become unavailable for recovery, depending on state law.
Deadlines and procedures vary, which is why verification through the appropriate court or agency is important.
Do you use attorneys?
Do you use attorneys?
PropertyUFlex is not a law firm. When a claim requires legal services, we may engage independent, licensed attorneys to perform those services. These attorneys are not employees of PropertyUFlex and act in accordance with applicable law.
Do I need a lawyer to claim surplus funds?
Do I need a lawyer to claim surplus funds?
You are not required to hire an attorney to pursue surplus funds. Many individuals submit claims on their own directly through the appropriate court or administrator.
PropertyUFlex is not a law firm and does not provide legal advice. We assist with administrative and documentation-related aspects, as well as the management of the claims process. Individuals may choose to consult an attorney independently if they wish.
Does PropertyUFlex guarantee recovery of funds?
Does PropertyUFlex guarantee recovery of funds?
No. Recovery of surplus funds is not guaranteed. Approval and disbursement decisions are made by courts, trustees, or other authorized administrators, not by PropertyUFlex.
Who holds the surplus funds?
Who holds the surplus funds?
Surplus funds are held by third parties such as:
courts,
foreclosure trustees,
county officials, or
other authorized administrators.
PropertyUFlex does not hold or control client funds.
Can I claim surplus funds myself?
Can I claim surplus funds myself?
Yes. Individuals may pursue surplus funds independently through the appropriate court, trustee, or government agency. Some people choose assistance for help navigating documentation, procedural requirements, and management. Engagement with PropertyUFlex is optional.
How does PropertyUFlex get paid?
How does PropertyUFlex get paid?
PropertyUFlex operates on a contingency-fee basis. A fee is charged only if surplus funds are successfully recovered and disbursed by the holding authority.
Fee terms are disclosed in writing before any engagement, and there is no obligation to proceed.
Why was I contacted by PropertyUFlex?
Why was I contacted by PropertyUFlex?
If PropertyUFlex contacts you, it is based on a review of publicly available records indicating a possible surplus fund associated with a property, estate, or business.
You are under no obligation to respond or engage, and we encourage independent verification before making any decision.
Is PropertyUFlex affiliated with the government or the courts?
Is PropertyUFlex affiliated with the government or the courts?
No. PropertyUFlex is a private company and is not affiliated with any court, lender, or government agency.
What information do I need to get started?
What information do I need to get started?
Typically, the review process may involve:
the property address,
foreclosure details,
and identification or ownership documentation.
Submitting information does not obligate you to use our services.
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