What Are Surplus Funds?
When a property sells at foreclosure auction for more than the outstanding debt, the excess — called surplus funds — belongs to the former homeowner. Yet billions of dollars in surplus funds go unclaimed every year across the United States.
The Scale of the Problem
Our Refynd intelligence engine currently tracks 19 active surplus cases across 6 states and 13 counties, including Florida (Miami-Dade, Broward, Palm Beach), Texas (Harris, Dallas), Georgia (Fulton, DeKalb), North Carolina, Ohio, and California. These represent just the tip of the iceberg.
How the Claim Process Works
- Identify the surplus case via county clerk records
- Verify the rightful claimant (former owner or lien holder)
- File a claim with the appropriate court
- Provide documentation proving entitlement
- Receive the surplus funds (minus any fees)
How Refynd Helps
Our automated intelligence system scans court records, county clerk databases, and auction results to identify surplus cases before they expire. Visit refynd.ai to learn more about our financial recovery intelligence platform.