Excess Foreclosure Proceeds
Excess Foreclosure Proceeds
Have you been hit with a foreclosure notice for your residence or investment property? It can be devastating when the lender seizes what you once called home and puts it on auction. However, there might be a silver lining. If your home was sold with surplus equity, you can claim the proceeds from your previous property. At Cate Legal group, we help individuals in California recover Excess Foreclosure Proceeds also known as Surplus Foreclosure Proceeds.
What are Excess Foreclosure Proceeds?
Excess Foreclosure Proceeds arise when the home is sold for more than the mortgage loan balance owed by the previous owner. While the surplus funds may be subject to certain deductions, you will be entitled to the net amount. Unfortunately, when foreclosures result in excess proceeds, lenders can withhold this information or submit your rightful money with the courts which further complicates the process. Even if you’re aware that a foreclosure sale resulted in excess proceeds, filing a claim is riddled with technical complications. That’s where our specialists come in - as trusted legal experts, we provide the necessary support and resources to assist you through the process and get access to your money.
What’s required when claiming excess foreclosure proceeds
Official paperwork or documentation to prove that you were legally the previous owner of a foreclosed property.
Verified proof of funds including foreclosure files to record the loan balance owed by the previous owner at the time of property sale.
Application for a claim submitted with the legal trustee as well as the court.
Attendance of ongoing court proceedings and paperwork submissions before finalization of claim approval.
Cate Legal Group helps clients win their claim over excess foreclosure proceeds
We know the process of filing a claim inside and out, which is why homeowners choose us to represent them. Our certified professionals understand that you’re already going through a stressful time and will take care of all the legal proceedings on your behalf.
Why You Shouldn’t Wait To Hire Us for Your Excess Foreclosure Proceeds Claim
If you’re entitled to excess foreclosure proceeds, do not delay filing for a claim. Getting access to surplus funds becomes increasingly difficult as time passes due to legal implications. More importantly, it is essential to hire skilled experts that see your case through to success. Cate Legal Group is backed by an extensive record of helping people in your position obtain their surplus funds. We successfully handle many difficult and contested surplus proceeds matters both in court and with foreclosure trustees.
We help clients of other law firms who are unable to obtain surplus foreclosure proceeds for their clients—we fix broken surplus funds cases. Unfortunately, this is a common occurrence and many so-called legal assistants and law firms oftentimes do not have the essential know-how or wherewithal to successfully prosecute these important and valuable claims to completion. In fact, there are many aggrieved surplus proceeds claimants who have been unable to obtain their surplus proceeds, sometimes for years, due to incompetence, theft and less-than-honest legal professionals that plague the surplus proceeds industry. We have a track record of success helping claimants obtain their surplus proceeds where other law firms have failed.
Our firm can also help with related matters including, defense of unlawful detainer (eviction) lawsuits post-foreclosure, and advance of funds for living expenses based on future recovery of surplus proceeds. Additionally, we are experienced in filing declaratory relief actions and other actions to contest competing claims to our client's prospective surplus funds recovery.
We offer detailed consultations to understand the unique elements of your situation and support you throughout the journey. Rest assured, when we’re on your case, all you’ll have to do is provide the necessary paperwork and our lawyers will handle the rest. We will also stay on top of any counter-claims or parties that attempt to bar your access to the surplus funds. We have successfully collected millions of dollars for our clients.
Let Us Help You!
Call us at (858) 224-5865 so that we can help you right away. At Cate Legal Group, we recognize that every client’s circumstances are unique and deserve appropriate attention. Verily, we take the necessary measures to ensure your concerns are fully addressed and catered to.