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Was Your Home Auctioned? The Bank May Owe You Money

If a foreclosure auction sale produced more money than what was owed, the remaining surplus may legally belong to the former homeowner - but it usually must be claimed through the court.

What Are Surplus Funds?

Surplus funds are the money left over after a foreclosure auction sale pays the mortgage balance, court costs, taxes, and valid liens. If the sale price was higher than the total debt and expenses, the remaining amount may be deposited with the court.

Who May Qualify?

  • Your New York property was sold at foreclosure auction
  • The auction sale price exceeded what was owed
  • You were the titled owner at the time of foreclosure
  • You never received surplus funds after the sale
  • You have a foreclosure case index number or property address
  • The funds have not already been claimed by another valid party

Check If Surplus Funds Are Waiting for You

We can review available records and help you understand potential next steps.

Check If Funds Are Owed to You

How the Recovery Process Works

  1. Locate the foreclosure case
  2. Review the referee's report of sale
  3. Confirm whether surplus funds were deposited
  4. Review liens and priority claims
  5. Prepare claim documentation
  6. File or support the required court process
  7. Recover funds after approval

Related resources: Long Island surplus funds guide and protecting equity before auction.

We are not a law firm. We provide research and documentation support and may work alongside attorneys or qualified professionals when legal filings are required.