MONEY OWED TO HOMEOWNERS AFTER FORECLOSURE: What Lenders and the Government Don’t Want You to Know.
Do you know the Lender may owe you money
after a Foreclosure? The same is true following a Tax Foreclosure Sale by the County. You may have money that you simply don’t know about yet. According to a recent RealtyTrac foreclosure report, between 4,000 to 6,000 foreclosures are being filed in Texas each month. Some of these
foreclosure sales have money due back to the homeowners. If the money isn’t claimed within a specific period of time, the money goes to the State or the County. We consider this the absolute worst outcome. So what is this money that
you might be entitled to exactly? Well, Texas law says that during a foreclosure,
any money left over after paying the loan balance and liens, belongs to the homeowner. So you may have money that’s yours that the County or the Lender is currently holding. The law is actually the same in most states. Don’t feel bad about not knowing this before. Even some lawyers don’t know about this law. But don’t delay. Claim the money before the State gets to it. Lenders and Counties aren’t very cooperative and don’t easily volunteer the truth about the money owed to you. Your lawyer can throw the book of law at them and get faster and better results for you. If necessary your lawyer can actually file a lawsuit on your behalf to get you what’s yours. For these reasons, we always recommend that you enlist the help of a lawyer. Make sure to do your due diligence as always and get the right help that you deserve. So how can you claim your money exactly? Well, the first step is to contact our law office and give us permission to research on your behalf at absolutely no cost to you. We will review the property and auction records and do a Post-Foreclosure Audit. We ask the lender to account for the sale money received and we do whatever it takes to make sure
that we get the money if you’re entitled to it. If we don’t get any money for you,
there’s absolutely no cost to you. So call us now at 512.693.7117 and talk to a lawyer for free. You have nothing to lose and everything to gain.