Sifting through the stress of a foreclosure proceeding can be exhausting for property owners. These individuals have struggled with finances and were left with no choice but to sacrifice their home as a result. What many of these people don’t know -- and what Tiffany Bucher of Foreclosure Excess Proceeds seeks to show them -- is that they are likely entitled to a portion of the foreclosure auction price. The monthly mortgage payments these people made for years gave them equity in their home. When that home is sold as a foreclosure, it’s possible for bids to exceed what was left on the loan. This is when Tiffany Bucher of Foreclosure Excess Proceeds steps in to help clients. Those looking to learn more about her and the process of recovering these funds are encouraged to review the information below!
Foreclosure rates in the U.S. are mercifully not as high as they were during the 2008-09 financial crisis, but there’s still a storm brewing. According to a September 2020 article from CNBC, 3.7 million home loan borrowers were taking advantage of private and federal forbearance programs and the total of “seriously delinquent mortgages” doubled between May and June of this year. The “bailout” plans available here included delaying payments and/or extending the terms of their repayment agreement typically set at closing. The article goes on to say that during the Great Recession, “close to 10 million Americans lost their homes, either through foreclosure or bank-approved short sales. The housing market is still recovering from that.”
We don’t know what 2021 will bring, but we do know that these are difficult figures to accept with all the other troubles going on in the world, says Tiffany Bucher of Foreclosure Excess Proceeds. Anyone who has ever owned a home knows that the structure is more than a place to lay your head at night. It’s a financial nest egg and a place of comfort and convenience. Losing it to foreclosure and watching it be auctioned off for the highest price can be rough. However, the excess proceeds claim process can help level the playing field. This measure is guided by attorneys, real estate and financial experts who know how to follow the proper guidelines. The net result is obtaining money that rightfully and legally belongs to the former homeowners.
The bidding process at a sheriff’s sale, auction or trustee’s sale can get highly competitive and with the benefit of deep pockets, a home can be sold for much more than its value on the mortgage loan papers. This is why Tiffany Bucher, Foreclosure Excess Proceeds’ managing partner, says it’s best to reach out and learn more. This process can prove to be the start of your next financial chapter in life.
Tiffany Bucher Foreclosure Excess Proceeds
Learn more about the recovery process on this website!