Judicial vs. Non-Judicial Foreclosures: What Every Asset-Recovery & Surplus Funds Professional Needs to Know
You’ve got leads popping up everywhere; foreclosure properties, trustee sales, surplus funds cases. But one big snag keeps tripping you up: understanding the difference between a judicial foreclosure and a non-judicial foreclosure. Get it wrong and you’re chasing dead-end leads, wasting time, missing out on claim opportunities. Because when you don’t know which process applies, […]
How Long Does It Take to Claim Surplus Funds After Foreclosure?
Surplus funds, also known as excess proceeds, are the remaining funds left over after a property is sold at a foreclosure auction or tax deed sale. When a property sells for more than the amount owed in taxes, mortgage, or liens, the extra money is legally owed to the former homeowner—or in some cases, junior […]
