Foreclosure Information
Our Dedication
We are dedicated to reuniting home equity that belongs to families and individuals who have experienced the loss of a home via foreclosure. Our intention is to bring about positive change and turn an unfortunate event into something positive. Unfortunately, there are many bad companies and firms that are charging families and individuals egregious rates and are taking advantage of their lack of knowledge and information about this process.
Our mission is to bring awareness through education, as well as provide other options to families and individuals in need who do not know who to turn to. We provide no pressure, no obligation consultations. We believe honesty and transparency is what will determine our success in this recovery business. Client satisfaction is our highest priority.
Everyone who joins the CF Funding Redeemers team is treated like family and can expect complete transparency and respect.
HOW FORCLOSURE SALES WORK
Depending on state law and the circumstances, a foreclosure is either judicial or nonjudicial. Judicial foreclosures go through state court, while nonjudicial foreclosures happen without court oversight. At the end of the foreclosure process, a trustee or an officer of the court, like the sheriff, will typically conduct a foreclosure sale. (In two states, Connecticut and Vermont, a judge who approves a foreclosure can give the home's title directly to the lender.) Sometimes, a property sells at a foreclosure sale for a price that's more than what the borrower owes on the mortgage loan. In other cases, the property sells for less than the borrower's total debt.
What Does "Surplus Funds" Mean?
If the purchase price at the foreclosure sale exceeds the borrower's loan balance, this extra amount is called "excess proceeds" or "surplus funds."
For Example:
Your home sells at a foreclosure sale for $350,000.
You owe the foreclosing lender $300,000.
The additional $50,000 is surplus funds.
After a foreclosure, any surplus funds get distributed to lien holders and the former homeowner. However, a junior lien-holder could lose its rights to the excess proceeds if it doesn't respond to judicial foreclosure proceedings or follow the correct procedures for claiming the surplus. Also, you (the foreclosed homeowner) have to make a claim to get your share of surplus funds from a foreclosure.
"The mean green redeemers"
We Help The Cause
How we help families after foreclosure.
EQUITY RECOVERY
The recovery process can be complex and complicated. Knowing how to recover your funds via the judicial and non-judicial process is important & can save you thousands of dollars.