Foreclosure Surplus Funds: Don't Let Finders Take Your Money in North Carolina
Has your North Carolina home been foreclosed? Getting calls from "finders" promising to help recover extra money? Stop and read this first.
What Are Foreclosure Surplus Funds?
After your property sells at foreclosure auction, any money left after paying off your mortgage is called surplus funds. These funds legally belong to you, but many North Carolina homeowners never claim them.
Your foreclosure story isn't over when you lose your home. If your property sold for more than you owed, you're entitled to that difference. Many North Carolina residents walk away from thousands of dollars simply because they don't know about surplus funds.
"I had no idea I was owed $37,000 after my Charlotte home was foreclosed," shares one client. "Finders wanted 30% of my money for something I could do with proper legal help."
Why "Finders" Contact You After Foreclosure
Received a letter or call about unclaimed money? Be careful. These "finders" spot your foreclosure in public records, then offer to "help" recover your surplus funds – while charging massive fees for basic paperwork.
According to North Carolina law, a finder is "an individual or business entity, incorporated or otherwise, who, for fee or any other consideration, seeks to locate, deliver, recover, or assist in the recovery of property that is distributable to the owner or presumed abandoned." (N.C.G.S. § 116B-52(11a))
The problem? You're paying for unnecessary services.
Most NC Property Finders Are Operating Illegally
Since January 2022, North Carolina requires all property finders to be licensed private investigators with the NC Private Protective Services Board. Most finders approaching foreclosure victims don't meet this requirement.
That friendly finder offering "help" is likely breaking the law. North Carolina's January 2022 law (N.C.G.S. § 116B-78.1) requires proper licensing, yet as of February 26, 2025, only seven entities are properly registered in the entire state.
Want proof? Check the official North Carolina Unclaimed Property Finder Registry.
The Legal Process for Surplus Funds Recovery
Here's what those finders won't tell you: you'll need an attorney anyway. North Carolina requires legal representation to file your surplus funds claim with the court. Why pay twice?
The surplus recovery process typically involves:
Verification of your legal right to the funds;
Filing specific legal documents with the proper North Carolina court;
Representing your interests at required hearings; and
Navigating potential claims from other parties.
Our attorneys handle this entire process while keeping you informed every step of the way.
Why Choose SurplusFundsAttorney?
Working with our specialized North Carolina attorneys means:
No upfront costs – we only get paid when you recover your money
Experienced attorneys who understand North Carolina's specific surplus funds laws
Clear communication throughout the process
Maximum recovery of your entitled funds
"After my Raleigh foreclosure, I recovered $52,000 in surplus funds," says Michael T. "Having a specialized attorney made all the difference in getting my money quickly."
How Much Could You Be Owed?
North Carolina foreclosure surplus amounts vary widely. We've helped clients recover anywhere from $5,000 to over $100,000. The amount depends on your property's auction price and remaining mortgage balance.
The best part? Many people don't realize they're entitled to this money. Your financial recovery could start with a simple phone call.
Take Action Now – Time Limits Apply
North Carolina has time limitations for claiming surplus funds. Don't wait until it's too late – contact a specialized surplus funds attorney immediately.
If your property has been foreclosed and someone's contacted you about recovering money, call us first at (919)-647-9599. Our North Carolina surplus funds attorneys will evaluate your case for free.
Don't lose more money by paying unnecessary finder fees. Visit SurplusFundsAttorney.com today or call (919)-647-9599 for a free consultation.
