Surplus Funds After Foreclosure in North Carolina: What You Need to Know
- Craig Morgan, Esq.
- Jul 27
- 1 min read
When a home is sold at foreclosure, the sale price sometimes exceeds the amount owed on the mortgage and related costs. The leftover money is called surplus funds, and in many cases it belongs to the former homeowner.
Unfortunately, many people never learn these funds exist. The process of claiming them involves specific court procedures, and the state does not always do a good job of notifying the people who are entitled to the money.
In the short video below, attorney Craig Morgan explains what surplus funds are and how the recovery process generally works in North Carolina.
If you went through a foreclosure (or know someone who did) and want to understand whether surplus funds may still be available, feel free to reach out. Craig Morgan Law is happy to help you review the situation.
Craig Morgan Law, PLLC | Licensed in North Carolina | (704) 325-9075 |
