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Updated 2 days ago on . Most recent reply
Deal from surplus funds on VA Foreclosure
Just wanted to share a quick win — and break down how we recovered over $20,000 for a family who didn’t even know they were owed a dime.
Here’s what happened 👇
✅ We spotted the surplus opportunity — buried in auction records
✅ We did our due diligence and got the deal under contract
✅ Our legal team went to work… and a few months later?
Boom. Three checks arrived.
Most people think this kind of deal is rare or impossible.
But the truth is — it happens every single day in the world of surplus funds. The problem is, most people don’t know how to find these cases, much less close them. Not letting me uploaded images - not sure why.
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#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
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#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
most states have totally cracked down on this business model.. Joe Kaiser kind of ruined it for everyone when the WA AG took him to the wood shed.. Don were I see overages is in real property tax sales. If its mortgage or Trustee I believe the overage will be mailed to the folks that lost it.. I get what he is saying the folks did not know and he got them to sign over their rights.. But most trustees and foreclosure companies know this and are quite reluctant to do that.. And the tax collectors are really cracking down on it.. And some simply allow it but put a very low minimum fee that can be charged.
- Jay Hinrichs
- Podcast Guest on Show #222
