The principal is simple to understand: In a foreclosure, the bank takes possession of your home, and sells it at a foreclosure Real Estate sale by auction for whatever they can get. HOWEVER, homeowners don’t realize there may be cash assets left over after this sale by auction, called a “Surplus.” This Surplus can be thousands, even tens of thousands of dollars that is rightfully YOURS for the asking! 

For example: If you owed the bank $200k mortgage debt, the bank foreclosed on your home in order to recover that $200k debt. However, if the home was sold at auction for $250k, the difference between the debt ($200k), and what the home sold for ($250k) is $50k, and is what is called a “Surplus.”

This is rightfully YOUR money!