Lemons to Lemonade Asset Recovery Group LLC

Surplus funds arise when properties are foreclosed upon by counties (due to tax delinquency), mortgage companies, or homeowners’ associations (HOAs). Despite the frequency of foreclosures, many are unaware of what happens next—this includes numerous attorneys.

Foreclosure Scenario: For instance, a property forecloses with a sale price of $250,000, while the outstanding mortgage debt totals $200,000, inclusive of legal fees. The surplus, in this case, amounts to $50,000, which the bank cannot retain. Instead, the bank remits these funds back to the court for safekeeping. If there are no additional liens or judgments, the previous property owner may be eligible to claim this surplus.

A Common Occurrence

These situations unfold routinely, yet the intricacies are often overlooked.

Our Role

We specialize in navigating these complexities directly with the courts on behalf of our clients.

How We Help

Our dedicated legal team identifies and submits all necessary documentation to the appropriate courts. Importantly, our services entail no upfront costs; we only seek compensation upon successfully securing your surplus funds.