Debunking Common Myths About Surplus Funds Recovery

Surplus funds recovery sounds too good to be true for many former homeowners—which leads to myths that prevent people from claiming money they're entitled to. Let's debunk the most common ones.

Myth 1: Surplus Funds Are a Scam

Reality: Surplus funds are completely legitimate. When a foreclosed home sells for more than owed, the excess legally belongs to the former owner after liens and costs. Scams exist (e.g., upfront fees or fake urgency), but legitimate recovery is protected by law.

Myth 2: You Can't Recover Anything After Foreclosure

Reality: Many believe all equity is lost, but surplus funds return leftover proceeds to you—even thousands or more in some cases.

Myth 3: You Need to Pay Upfront to Claim Funds

Reality: Ethical services work on contingency only. No recovery means no fee. Avoid anyone demanding payment before funds are secured.

Myth 4: The Process Takes Forever or Is Too Complicated

Reality: While timelines vary, professional help streamlines filing, research, and disputes—often resolving in months.

Don't let myths stop you from checking. Heritage Equity Recovery offers free eligibility reviews and contingency-based service—no risk.

Suspect you have surplus funds? Check for Free – No Obligation

Published: January 1, 2026 Categories: Surplus Funds Myths, Foreclosure Recovery Tips