Mortgage Foreclosure Surplus
When a foreclosure sale generates more than the mortgage balance, the surplus belongs to eligible claimants. We purchase those claims for cash.
What Is a Foreclosure Surplus?
When a lender forecloses on a property, the property is sold at a public auction or sheriff's sale. If the sale price exceeds the amount owed on the mortgage (plus foreclosure costs, fees, and any junior liens that are paid off), the remaining balance is called a surplus. This surplus legally belongs to the former property owner and, in some cases, to other parties with a valid legal interest in the property.
Who Is Eligible?
The SurplusFactor Process
Claim Verification
We verify the foreclosure sale details, the surplus amount, your identity and legal entitlement, and any competing claims.
Underwriting & Offer
We calculate a fair cash purchase price based on expected recovery, competing interests, jurisdiction rules, and collection timeline.
Assignment & Payment
You sign the assignment, receive your cash payment, and we pursue collection from the court or trustee.
Important Note
Some states require a waiting period after foreclosure before surplus funds can be distributed. We account for this in our underwriting and offer. We also check for statutory redemption rights that may affect your claim.