Foreclosed on in Arizona? You May Be Owed Surplus Funds.
After a trustee foreclosure sale, any money remaining after satisfying the loan and fees is called excess proceeds. By Arizona law, those funds belong to you—not the lender.
What Are Excess Proceeds?
In an Arizona trustee foreclosure auction, properties are sold to the highest bidder. When the winning auction bid is greater than the foreclosing mortgage balance plus legal costs, the difference is deposited into the court registry or held by the trustee.
Former property owners often do not realize these funds exist, or they fall victim to third-party recovery solicitors charging exorbitant fees. Gaudiosi Law provides licensed, transparent legal representation to claim your money safely.
Real-World Surplus Example
*Subject to lienholder priorities and Arizona court statutory deadlines.
Our 3-Step Excess Funds Recovery Process
We handle all court petitions, hearing appearances, and disbursements seamlessly.
Step 1
Audit & File Review
We review trustee sale records in Maricopa, Pinal, or your Arizona county to confirm exact surplus amounts and lien statuses.
Step 2
Court Petition Filing
Our firm prepares and files formal legal application pleadings in Arizona Superior Court to establish your lawful entitlement.
Step 3
Disbursement To You
Once the judge approves the release order, the county treasurer disburses your check directly to you.
Beware of Unlicensed Third-Party Surplus Scams
Many former homeowners receive high-pressure letters or calls from non-lawyer "asset locators" claiming 30% to 50% fees. These companies cannot represent you in court and often delay disbursement. Choose an experienced, licensed Arizona attorney like Jim Gaudiosi.
Excess Proceeds FAQ
Important details about deadlines and legal requirements.
Find Out If You Have Unclaimed Funds
Complete our intake form and our team will perform an initial audit of your property sale records.