At Providence Law, we have the rare and specific knowledge necessary to recover and claim surplus funds. Recovering surplus funds is challenging, and we are one of the few firms that have such knowledge and processes. Other attorneys contact us from all over the country, from New York to North Carolina, in order to inquire of our process and knowledge.
What are Surplus Funds? Upon the foreclosure of residential real property - after all debts and obligations are satisfied - the remaining funds belong to the former homeowner. The remaining funds are a surplus, in excess of such monies needed to satisfy the debts.
The process is challenging. But, recovering the surplus funds can be a positive end to a challenging time!