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Claims Surplus Form

Claims Surplus Form

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Instructions and help about ca claims surplus

hi my name is chuck panzarella i'm a lawyer with consumer action law group and today we'll be going over how you can claim surplus funds from the foreclosure sale of your home [Music] so to make it clear in order for there to be surplus funds from a foreclosure sale the house must have been sold for more than what you owed to the bank the lender to give you an example if you had a loan for 300 000 and your home sold for 500 000 in a foreclosure sale that would leave a surplus of 200 000 remaining and you're entitled to claim that money that also means that if your house was sold for less than what you still owe to the lender there would not be any surplus funds for you to claim and the reverse example is if your loan was 500 000 in the home sold for 300 000 there would be nothing remaining to claim as a surplus so now let's go on to claiming surplus funds there are two ways for you to make a claim after a foreclosure one way is to make a claim on your ow

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