Welcome to Sabary Asset Recovery LLC
Recover Your Foreclosure Surplus
Unlock the funds you're owed from foreclosure surplus overages. Maximize your return with Sabary Asset Recovery.
Foreclosure Overage Recovery
Allow us to assist you in recovering surplus funds from your foreclosure sale. Our team of experts possesses comprehensive knowledge of the laws and regulations governing such cases, enabling us to optimize the process and secure the maximum benefit for you. With our dedicated approach and expertise, we strive to ensure that you receive the full entitlement of the excess funds rightfully owed to you.
Foreclosure Surplus Audits
Through our meticulous audits, we leave no stone unturned in identifying every single surplus fund that rightfully belongs to you from the foreclosure process. With utmost attention to detail, we ensure that you do not miss out on a single penny that is rightfully yours. Our commitment to thoroughness and precision guarantees that you receive the full amount you are entitled to, leaving no surplus funds unclaimed.
How Do I Get Surplus Funds After a Foreclosure Sale?
Suppose your home has been foreclosed upon in a trustee sale after going through the foreclosure process in Washington State, and you are looking to get surplus funds after a foreclosure sale. In that case, you are not alone, and you should speak with one of our consultants here at Sabary Asset Recovery to assist in filing your claim.
Why don't homeowners know about these funds?
According to the foreclosure process in Washington State, former homeowners who had their homes foreclosed upon are unaware that if someone bid at auction over the amount owed on the property, they may be entitled to those surplus funds.
What Happens to Excess Proceeds from a Foreclosure Sale?
Generally, if any junior liens were on the home, like a second mortgage, HELOC, or a creditor that recorded a judgment lien against the property, those parties get the first crack at the surplus funds. Then, any excess proceeds left over after paying off these liens belong to the former homeowner.
Example. Homeowner (A) and Homeowner (B) go through Foreclosure. At the foreclosure sale, their home sells for $350,000. The loan balance they owed the foreclosing lender at that time was $325,000. It means that the sale resulted in surplus funds of $25,000.
The property was also subject to a second mortgage for $15,000 and a judgment lien for $5,000 due to unpaid credit card debt. So, in this situation, $325,000 goes to the foreclosing lender, $15,000 goes to the second mortgage holder, and $5,000 to the judgment creditor. Homeowners (A) and (B) can claim $5,000 as overage/surplus funds owed to them.
However, a junior lienholder could lose its rights to the excess proceeds if it doesn't respond to judicial foreclosure proceedings or follow the correct procedures for claiming the surplus. Also, you (the foreclosed homeowner) must claim to get your share of surplus funds from a foreclosure.
What Happens to Surplus Funds if I Don't Claim Them?
Usually, unclaimed surplus funds go to the state's unclaimed property division. You might still be able to access the funds if you find yourself in this situation.
How Much Time Do I Get to Claim Excess/Surplus Proceeds?
You'll need to act quickly to claim surplus funds after a foreclosure. A limited amount of time will be available for you to get the funds. The exact amount of time you'll get depends on state procedures.
How Do I Claim the Excess/Surplus from a Foreclosure?
You can hire us to begin the process with the foreclosure trustee or the court to get the Foreclosure excess proceeds owed to you.
Again, the procedures for distributing and claiming surplus funds after a foreclosure sale differ from state to state. Claiming excess/surplus funds is sometimes a complicated process that can be confusing for homeowners, especially after the stress of going through a foreclosure.
Sabary Asset Recovery LLC is here to help you, the homeowner, get the excess money after a foreclosure. Our team of Foreclosure consultants and lawyers handle surplus funds claims, ensuring foreclosed homeowners recover the money they're entitled to after a foreclosure.
Sabary Asset Recovery LLC
Our Mission
Our Commitment
Our Expertise
At Sabary Asset Recovery LLC, our mission is to provide exceptional surplus/excess funds services to our clients while maintaining the highest integrity, professionalism, and customer service.
Our Expertise
Our Commitment
Our Expertise
We specialize in locating surplus/excess fund assets from various sources, such as Tax and Mortgage Foreclosure auctions and States Unclaimed Surplus Funds. Our extensive research and analysis enable us to recover funds that may have been overlooked or forgotten.
Our Approach
Our Commitment
Our Commitment
At Sabary Asset Recovery, LLC, we believe in maintaining transparency throughout recovery. We inform our clients at every step, providing updates and progress reports. Rest assured that your confidential data is protected and handled with utmost care.
Our Commitment
Our Commitment
Our Commitment
At Sabary Asset Recovery LLC, we are committed to providing our clients with the highest service and professionalism. We go above and beyond to ensure our clients are satisfied with our work and achieve their real estate goals.