Illinois Foreclosure Surplus Funds Attorney
If your home was sold at a foreclosure sale in Illinois for more than you owed on your mortgage, you may be entitled to the excess funds. Those funds belong to you, not the lender. Kyle & Kyle Law can help you claim them.
What Foreclosure Surplus Funds Are
When a home is sold at a foreclosure sale, the proceeds are first applied to the outstanding mortgage balance, fees, and costs. If the sale generates more than what is owed, the remaining amount is considered surplus funds. Under the Illinois Mortgage Foreclosure Law, former homeowners and other parties with a legal interest in the property may have a right to claim those funds.
Why You Need an Attorney
Claiming surplus funds in Illinois requires filing the appropriate legal paperwork with the court in a timely manner. Missing deadlines or filing incorrectly can result in losing your right to the funds entirely. Third party companies often contact former homeowners offering to help recover surplus funds in exchange for a significant percentage of the recovery. You are not required to use those companies. An attorney can represent you directly and protect more of your money.
How We Help
Kyle & Kyle Law represents Illinois homeowners and heirs in surplus funds claims. We handle the entire process including:
- Determining whether surplus funds exist in your case
- Filing the appropriate claim with the court
- Representing you at any required hearings
- Recovering the funds on your behalf
Why Kyle & Kyle Law
Kyle & Kyle Law has over 38 years of combined legal experience recovering foreclosure surplus funds for homeowners and heirs across Florida and Illinois. Our Illinois attorney, John Lara, understands the Illinois foreclosure process and knows how to move quickly to protect your claim.
Call 24/7 877-595-3529 for a free consultation or contact us online. There is no need to handle this alone.