Excess proceeds are funds that remain after a property has been sold at a tax sale or foreclosure auction, and all the outstanding debts and fees have been settled. To sum it up in a very simple version, SURPLUS FUNDS ARE THE REMAINING PROFIT AFTER THE SALE. These funds are available for claim by Parties of Interest, such as the former property owner or their heirs. Most homeowners are under the impression that once the property is sold at auction that all is gone. This is the furthest thing from the truth. The former owner of the property is entitled to any remaining funds which are known as Excess Proceeds, Excess Funds & Overages. These funds belong to you the homeowner. And that's what we do, we bring those excess funds to you.