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Excess Proceeds, alternatively referred to as Surplus Funds, Mortgage Surplus, or Tax Overbids, are the residual funds allocated to the former property owner following a tax or mortgage foreclosure auction. When an individual fails to fulfill their local or state property tax obligations over an extended period, the county takes possession of the property and proceeds with an auction. The county's primary objective is to recoup the overdue taxes; thus, any amount generated from the sale of the property exceeding the tax arrears becomes eligible for disbursement to the former property owner. In the case of mortgage foreclosures, financial institutions are solely concerned with the satisfaction of their Final Judgment or final writ amount, with any surplus beyond that figure rightfully belonging to the previous property owner, their heirs, and lien holders.​

We know the "ins and outs" of government agencies in all states. If a government agency is holding your funds, we know how to get them!

Be mindful​ that these funds have a limited holding duration, as the agency overseeing them may eventually exercise its right to claim them through a legal process known as "escheatment."