Surplus Funds
Surplus Funds
Surplus funds—sometimes called overage funds or excess proceeds—occur when a property is sold at a foreclosure auction for more than the amount owed to the lender or county. The extra money belongs to the homeowner, not the government.
What Are Surplus Funds?
When a property is foreclosed and sold at auction, the winning bid often exceeds the outstanding mortgage balance, taxes, or liens owed. The leftover money is called surplus funds. If the rightful owner doesn’t claim this money within specific deadlines, the government may be permitted to keep it.
How Surplus Funds Occur
Surplus funds are generated when:
- The auction sale price is higher than the debt owed.
- There are unclaimed escrow balances or excess tax sale proceeds.
- Government agencies hold overage funds temporarily until they are claimed by the homeowner.
Our Process
- Research & Identification: We audit government records to locate homeowners owed surplus funds.
- Verification: We confirm the amount, check claim deadlines, and identify required documentation.
- Claim Filing: We prepare and submit the full claims package to the appropriate county or agency.
- Follow-Up: We communicate with the agency and navigate delays, requirements, or appeals.
- Payment: Once approved, funds are released to the homeowner.
Why Choose REI Help Center?
- No upfront fees – we work on a success-based model only.
- We handle all research, paperwork, deadlines, and county procedures.
- Experience with GA tax sale surplus rules and foreclosure statutes.
- Fast communication and transparent service.
We only get paid upon successful collection of your claim. We do all the work, pay all the expenses, jump through all the administrative hoops to claim the money and if the claim is unsuccessful you owe us nothing. We take all the risk in exchange for an agreed percentage of the collected funds – it’s a a fair trade.
Frequently Asked Questions (FAQ)
How do I know the funds exist?
We verify surplus balances directly with county and state records. There are a myriad of other different sources for unclaimed funds such as safe deposits, mutual funds, uncashed checks, wages, insurance policies, utility deposits and inheritance money to name but a few.
What if I don’t claim the funds?
The government may take them after the deadline, the processes is know as “escheatment”.
How long does it take?
Processing varies but typically ranges from 30–120 days once we have agreed and you have signed the documents brought to you by a notary and sent back to our office.
Are there any fees?
Only after successful recovery — never upfront – we only get paid when you do.
How did you find me?
We spend a lot of time and effort using our skills to locate our clients, primarily by doing internet searches.
Why should I use your organization?
The agencies holding the assets have specific requirements that must be followed for proving your claim and submitting your entitlement to claim. The process can be very difficult to navigate after all they get to keep the money if the correct procedure isn’t followed. Our organization has the training and experience to navigate through the various agencies and processes and know precisely what needs to be done to process a successful claim.
Is this a scam?
No it is not, we will not ask you for any upfront monies, or personal financial information, we pay all the expenses, do all the work and take all the risk, we only get paid if you do.
Call to Action
If you received a letter, call, or email from REI Help Center regarding Surplus Funds, it means we’ve identified money that may belong to you. Contact us now so we can secure it before the deadline passes.
Are you struggling to keep up with your mortgage payments and facing the possibility of foreclosure?
We understand how stressful and overwhelming this situation can be, and we’re here to help. Don’t wait until it’s too late – contact us today -and let’s discuss how to navigate through the foreclosure’s process with the goal of stopping the foreclosure.
