How Does Surplus Occur?

Surplus generally arises from two key events: tax lien sales and foreclosure auctions. If property owners do not pay their property taxes or mortgage, the property may be auctioned off to recover the amounts owed.

During these auctions, if the property sells for a price that exceeds the total debt owed, the excess funds are generated. Government authorities hold these funds until the rightful owners come forward to claim them.

Understanding this process is essential for clients eager to navigate the surplus recovery business effectively. For instance, in 2021, over 50,000 foreclosure auction properties generated substantial surpluses in various states, with only a fraction claimed.

If you suspect you might be eligible for surplus funds, consider reaching out to a professional in the field. Your funds could be waiting for you!

Contact us today at dinley.cius@surplusrecoverysolutions.org