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

Foreclosure refunds are the result of foreclosure auctions after a property is foreclosed because of an unpaid mortgage loan. The lender then puts it up for sale at an auction, and subsequently, the property is sold to the highest bidder.

The difference between 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 or heirs of the property.

The state officials usually notify the previous owner of the property regarding these foreclosure refunds after the sale is completed.

However, if the person has moved due to the foreclosure or relocated to a different state, they often are unaware that remaining surplus funds are available.

Working with a seasoned overage specialist at Core Recovery is beneficial and essential to how fast and certain a previous entitled owner obtain the excess proceeds.

Our team works to discover if there is an unpaid balance in the form of a foreclosure refund waiting to be claimed and takes the necessary steps to recover it for our client.

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

Because of procedural technicalities, filing for foreclosure refunds can be complicated, especially when other entities also claim the property.

We are an advocate for YOU throughout this challenging process!  Working with our team allows you to consult with professionals who have a track record in processing surplus fund claims and obtaining foreclosure refunds for our clients.

Even if you are working with another party, we can support and possibly expedite the process to recovery.