Surplus Funds Recovery
Here's a general breakdown of the process:
If you are in a situation where your house was sold in a foreclosure sale and you believe there are surplus funds, it's a good idea to consult with an experienced attorney who specializes in surplus funds recovery. Now Law Firm can help you understand your rights and work on your behalf to ensure you receive the full amount.
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Practice Areas
Real Property Legal Services
Foreclosure Sale: If your house goes through a foreclosure, it's sold at an auction. The winning bidder may pay more than what you owed to the lender.
Surplus Funds : Any money collected above what's owed to the lender is considered surplus funds.
Claiming Surplus Funds : Former homeowners may have a legal right to claim these surplus funds, but the process can be complex.
Legal Assistance : It's often advisable to seek legal help to navigate this process, as state laws can vary, and there may be tax implications.
Minimizing Tax Consequences : Proper legal guidance can also help you minimize tax consequences associated with receiving surplus funds. It appears that you're promoting a service related to surplus funds recovery after a foreclosure sale. Surplus funds recovery typically occurs when a property is sold at a foreclosure auction for more than what the homeowner owed to the lender. In such cases, there may be extra funds left over, and those funds can be returned to the former homeowner.
Know your rights.
Protect your well-being and financial security by seeking assistance from a experienced Personal Injury Lawyer.
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