Surplus Funds Calculator
Use this free calculator to estimate surplus funds from a tax sale or foreclosure auction, and see what a recovery agent’s fee would be at different percentage levels.
How Surplus Funds Are Calculated
Surplus funds are the difference between what a property sells for at auction and what was owed. In a tax sale, the amount owed includes delinquent taxes, penalties, interest, and sale costs. In a foreclosure, it includes the mortgage balance, attorney fees, court costs, and any other liens.
Example: A property sells at a tax sale for $85,000. The back taxes, penalties, and costs total $12,000. The surplus is $73,000. That $73,000 belongs to the former property owner.
What Recovery Agents Charge
Recovery agents charge anywhere between 10% to 30% for recovery of proceeds. It is important to find one who is established, has worked cases before, and/or uses attorneys to handle the claims process.
Related Resources
Disclaimer: This content is for informational purposes only and does not constitute legal, financial, or professional advice. Surplus Funds List is a technology provider and does not practice law or provide legal counsel. Data accuracy depends on the publishing county. For legal guidance regarding your specific situation, consult a licensed attorney in your state. Links to publicly available county records are provided as a convenience and do not imply endorsement or guarantee of accuracy.