Understanding Surplus Funds
What Happens After a Foreclosure or Tax Sale?
When a property sells at a tax deed sale or foreclosure auction for more than what was owed in taxes or mortgage debt, the excess money is called "surplus funds" or "overbid."
Depending on the jurisdiction and type of sale, the excess may be held by a county, court, trustee, or state agency while eligible claimants and any competing interests are evaluated. Former owners or heirs may have a claim, but liens, deadlines, claimant priority, and local procedures can affect the outcome.
SurplusBridge finds a potential surplus record before outreach. The person we contact then provides information so the record match and any possible claim path can be evaluated.