Norcross Foreclosure Surplus Funds Recovery Attorney

Providing Quality Representation for Decades

Going through foreclosure is undoubtedly a challenging experience. However, in Georgia, there's a potential bright spot: foreclosure surplus funds recovery. This allows the former homeowner to claim any leftover money after the sale of their property satisfies all outstanding debts related to the foreclosure.

Foreclosure surplus fund recovery is a complex and often daunting process. At Schuyler Elliott & Associates, Inc.., we understand the challenges and difficulties that can arise. Our attorneys have a deep understanding of the legal landscape and are ready to use this knowledge to your advantage.

What sets our law firm apart from others is our commitment to personalized service. We value the trust that our clients place in us and aim to build relationships based on mutual respect. Our focus is not just on providing legal services but also on being a reliable partner during this challenging time.

To request a free consultation, call (770) 400-9102.

Helping You Obtain Excess Funds from GA Foreclosure

Consider this: the bank sells your foreclosed home for $100,000, but your mortgage debt and associated fees only total $95,000. The remaining $5,000 becomes surplus funds you, the original owner, could be entitled to reclaim.

• Who qualifies? Generally, if you were the record owner at the time of the foreclosure sale, you might be eligible. However, other parties with recorded lien interests may also have claims. In general, excess funds go toward lienholders, costs associated with the sale, interest, and principal of the secured indebtedness, and then to borrowers.
• How does it work? The process involves retaining our law firm to represent you. Making a demand for the excess funds, monitoring the process, requesting the balance owed at the time of the sale, requesting verification of other entities that are claiming an interest in the excess funds, reviewing required paperwork to disburse the excess funds, and consulting with client.
• Is it guaranteed? Unfortunately, not every foreclosure generates surplus funds. Additionally, other parties with claims can complicate the process. Consulting a lawyer familiar with Georgia foreclosure laws is crucial to assessing your case and navigating the legal intricacies.
• Why bother? Even a small sum can be a significant help after such a difficult experience. It can offer a financial cushion for rebuilding your credit, starting fresh, or simply moving forward.