When a property sells at a tax sale or mortgage foreclosure for more than the debt owed, surplus money may be left over. Sims Foreclosure helps former owners identify and recover those excess funds — with no upfront cost.
After a tax sale or mortgage foreclosure, the sale proceeds can exceed the taxes, mortgage balance, liens, and fees owed. The leftover balance is commonly called excess funds, surplus funds, overage, or surplus proceeds.
If a property sells for more than the delinquent taxes, fees, and costs, the difference may be held by the county for the rightful claimant.
If a foreclosure auction pays the lender and costs in full and money remains, the former owner or heirs may have a claim.
Funds are not always released automatically. Claims often require petitions, documentation, court filings, and deadline management.
Rules vary by state and by foreclosure type. Below is a plain-English legal background for common surplus proceeds claims.
If excess funds remain after taxes, costs, and claims are paid, the former owner has a right to the excess funds. Georgia tax-sale surplus claims often require proof of former ownership, lien review, and a formal claim or court petition before disbursement.
When property sold under a power of sale produces more than the debt, interest, and costs, the surplus is owed to the mortgagor, heirs, or assigns. Mortgage surplus can be time-sensitive because junior lienholders and other claimants may compete for the proceeds.
Ohio foreclosures are court-supervised, and surplus balances may be held by the clerk, sheriff, or treasurer depending on the sale type. Former owners may need to respond to notices, submit written demands, or petition the court before statutory deadlines expire.
Surplus from sheriff's sales may be deposited with the court and released only after a proper motion and court order. New Jersey claims require documentation and resolution of lien priority before funds are released to the rightful claimant.
Submit the foreclosed property address and basic details. We research county and court records to see if surplus funds may exist.
If the claim appears viable, the legal team prepares filings, gathers documents, handles deadlines, and addresses competing claims.
When funds are released, you receive your recovery. There is no upfront cost, and fees are paid only from successful recoveries.
Tell us about the property that was foreclosed. We will review the information and follow up by email with next steps.
Connect this form to your CRM / email service when the site goes live.
Real estate professionals, investors, and local partners can refer potential surplus funds cases. You make the introduction; the recovery team handles research, documentation, and the back office.
Referral partnership structure available for qualified partners and approved cases.
No originating, filing, or court work required from the referral partner.
Research, documentation, communication, and filings are handled by the recovery operation.
Attorney/legal team involvement and recovery services are subject to eligibility, jurisdiction, documentation, and a written fee agreement. No outcome is guaranteed. General information only; not legal advice.
