Call Us At: 713-547-5460
When you’re facing the loss of your home or property through foreclosure, there is an unequivocal strain for your family and on your finances. Once your home is sold and the liens on your home are paid off, you’re entitled to any excess proceeds. But to recover that leftover money, you must follow the procedures the law and the courts set up. A lawyer experienced in handling the recovery of excess foreclosure funds can help.
After the foreclosure of your home, the court will order the sale to the highest bidder. The sale will go to paying off any liens on your home and the costs of foreclosing on and selling your home. If there is more than $25 left, you are entitled to the excess money, and you’ll have two years to petition the court for these funds.
Once you petition the court to recover your excess proceeds, the average time to recover excess proceeds is typically 90 to 120 days. However, more complicated claims take more time. Your claim may be simple to process if:
If the previous property owner is deceased or there are competing claims, getting the money in your bank account may take longer. When you need the funds as soon as possible, you need an experienced attorney to make the process happen as quickly as possible.
When you’re going through the foreclosure of your home or property, ensuring your rights are protected and that you get the funds you’re entitled to can be challenging. That’s why most people and businesses alike hire an experienced surplus funds recovery lawyer to guide them through and steer the often slow and stressful process. The team at Manfred Sternberg & Associates can help. Call us at (713) 547-5460 or contact us online today to discuss your case.
Mr. Sternberg’s track record and experience of working with clients from the earliest stages of their cases allows him to bring a uniquely broad-based perspective to the matters he handles.
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Phone: 713-547-5460
1700 Post Oak Blvd
2 BLVD Place Suite 610
Houston, TX 77056
201 St. Charles Avenue
Suite 2500 PMB # 8873
New Orleans, LA 70170
Disclaimer: The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.
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