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...
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Has Your Property Been Foreclosed On?
Angle, Rupp & Rupp can help you obtain any surplus funds.
Angle, Rupp & Rupp can help you obtain any surplus funds.
When financial troubles arise, homeowners can lose their property to foreclosure. The bank can foreclose on the property when a homeowner is unable to make mortgage payments, or the local government can foreclose for failure to pay property taxes. Most homeowners are unaware that the foreclosure process can result in extra money being deposited with the clerk of court that belongs to the homeowner. In order to obtain this extra money, the homeowner must file a petition for surplus funds. The process is complicated and typically requires the assistance of an attorney.
Homeowners in this situation are entitled to the surplus funds generated by the foreclosure process. The attorneys of Angle, Rupp and Rupp can help you obtain what is rightfully yours.
How can you receive your surplus funds?
If you've received a letter from the clerk of court indicating you may be entitled to surplus funds resulting from a foreclosure, the attorneys at Angle, Rupp & Rupp are here to assist you.
To obtain your surplus funds, we will:
- Conduct a title search on the real property to determine who is entitled to the funds;
- File a petition for surplus funds, including all supporting documentation proving your right to the surplus funds;
- Notify all interested parties of the hearing to establish your ownership of the surplus funds; and
- Advocate on your behalf at the hearing or at trial to obtain the surplus funds on your behalf.
- Our law firm has represented clients throughout the State of North Carolina in surplus funds cases. For further information on surplus funds, read our post on foreclosures and surplus funds.
Contact us today at (828) 265-0016 to schedule a consultation so you can obtain the surplus funds that are rightfully yours.
When buying a house or parcel of land, buyers often wonder whether they need title insurance. For most people, buying a home is the most significant investment of their lives. It makes financial sense to protect that investment with title insurance....
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...
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...
When buying a house or parcel of land, buyers often wonder whether they need title insurance. For most people, buying a home is the most significant investment of their lives. It makes financial sense to protect that investment with title insurance....
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...
