5 Things You Must Do If You Faced Mortgage Foreclosure

If you are looking to sell your home, you will agree that the whole process is a blur, full of contracts, haggling, and other paperwork. Still, one of the most crucial things you might not think of is how to retain surplus proceeds —the balance between the sale of your home and the other amounts owing. These funds can be significant, and you should receive every cent you are legally entitled to. 

Nevertheless, capturing such surplus proceeds is not always easy, precise, or well-defined. But don’t worry! At Bellator Consulting LLC, we must ensure that our clients get full assistance throughout the process.

If you are in Alabama, Georgia, or any other State, our experienced team can assist you in claiming the surplus proceeds from their home sale. If you have sold your home and think there will likely be money left over waiting for you, here are some tips to ensure you get what is rightfully yours.

1. Find out What Surplus Proceeds Mean

The first step to understanding how to recover surplus proceeds is defining the term itself. Sale surplus refers to the leftover money after your home has been sold through a foreclosure sale. Here, the home selling price exceeds the outstanding mortgage payments, property taxes, and other encumbrances. This excess cash is supposed to go back to the homeowner, and that is where you are, dear friend.

Of course, we at Bellator Consulting LLC understand better how challenging this process is. People often do not know that extra money may be available in an escrow account. Escrow accounts are normally kept in the treasury of the county or municipality in which the property was sold. Therefore, you must move fast lest you lose your chance to get what you rightfully deserve.

Still worried that there may be some extra money waiting for you, don’t hesitate! Contact us today, Bellator Consulting LLC. Our experienced freelancer will guide you in working your way to get back this amount. We are your local claims leaders in the recovery of surplus proceeds!

2. To confirm available surplus funds with the county or municipality.

Usually, the local government or the county where your home was sold retains surplus proceeds. The procedure for claiming excess funds varies from county to county; therefore, it is the best starting point. Commonly, you may be required to present the documentation on ownership, notice of the sale, and any other relevant papers, to prove your right to these funds.

To make the work easier, most counties have made their records online, and you can check for surplus funds online. But getting through these systems may sometimes be rather complex, especially if you are unaware of how the local government functions.

We know how challenging and lengthy this process requires. Bellator Consulting LLC has what it takes to assist you in reaching the conniving power in Alabama, Georgia, and other relevant regions. That is why you do not have to bother with the paperwork and other details while we help you recover your surplus proceeds.

3. File the Correct Claim Forms

After ensuring surplus funds, filing a claim with the proper county or municipality will be possible. You must file a claim form with accompanying documents, including proof of identity, proof of ownership, and a copy of the foreclosure sale. In some cases, you may have to go over some standard requirements, and depending on the geographical location, they may differ, so make sure you have completed all necessary forms accurately.

This step alone can be very daunting if you have not done it before because one blunder can make your claim take longer or, worse, result in a denial. That is why the presence of an experienced professional with cutting-edge technical and personal qualities can become the key to success.

Avoid potential pitfalls that could delay your money. Contact Bellator Consulting LLC for help completing all the required documents to promote the fast processing of your claim. Our passion is our people, from Alabama to Georgia and across the great nation!

4. It was a great lesson, but I am struggling to provide the evidence that supports my ownership of the site.

An important fact that must be established in recovering the surplus funds is establishing ownership of the property. This requires developing documentation that prepares strong evidence of ownership history that you present when required. You may need to show:

  • Your conveyance of the property recovers your deed or title to the property.
  • Police identification (Driver’s license, passport, etc.)
  • Any documents may have been prepared at the foreclosure sale.

Most homeowners are usually crystalized to know that the more proofs they offer, the higher the chance of receiving the funds as soon as possible.

Allow us to help you collect the documents supporting your ownership claim and make the claims process as hassle-free as possible. As a team at Bellator Consulting LLC, we’ve been doing this for years and fully understand what it takes to return your surplus proceeds to you as quickly as possible.

5. Wait long but not too long when waiting for something

Recovery of every surplus takes some time. Your claim can sometimes take weeks or even months to be processed, depending on the county you choose. However, it is essential to start the process early so it doesn’t become counterproductive and counteract the goal. Sometimes, every county has a set time within which one can claim back extra funds, and if this time elapses, then one has lost their right to the money.

Though it might take some time to complete the process, please be sure that Bellator Consulting LLC is always willing to assist clients. To make it easier for you, we will track the progress of your claim, chase the necessary authorities, and ensure that you get your money.

Do not let your surplus funds go to waste. We at Bellator Consulting LLC are waiting for your call! Leave it to us to remind you when it is time to file your claim so that you do not miss the deadline. When you have us on your side, you don’t need to worry about your money following all these ways.

Why Bellator Consulting LLC is Your Preferred Service Provider

Recovering surplus proceeds can be complicated, but you’re not alone. Bellator Consulting LLC is dedicated to helping homeowners. With years of experience, we provide compassionate and professional services to ensure you receive the funds you’re entitled to while making the process as easy as possible. 

Bellator Consulting LLC is at your service if you have just faced foreclosure or are interested in your possible surplus money.

Want to get back your extra earnings? Don’t wait another day! Bellator Consulting LLC is ready to work for you now. Let’s begin. Our team of professionals is always ready to help you through the whole process. You have worked hard for the funds, and we are here to help you get them.

It may sound very challenging to pursue the additional monies after a home sale, but with the right direction and help, you can always secure all your due funds. From knowing how to go about it and which forms to fill out to ensure you get all the correct documents ready, Bellator Consulting LLC is here for you. Because of our skills and commitment, we will ensure that the extra money arising from the sale of your home goes where it belongs: to your pocket.

Bellator Consulting LLC is ready to help you get back your surplus proceeds. Call us today and begin the process of having your money back! We are with you from start to finish.

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