Surplus funds cases are a relatively rare and niche area of North Carolina law. In a surplus funds case, the bank or local government has foreclosed on real property and sold the property to the highest bidder for more than the amount of their...

Foreclosures are usually difficult times for property owners. The bank or local government is taking their property, and they often feel powerless. There is a light, albeit dim, at the end of the foreclosure process, however. If there are funds...