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Foreclosure Action Surplus Monies Form - New York
Foreclosure Action Surplus Monies Form is a legal document that was released by the New York State Unified Court System - a government authority operating within New York.
FAQ
Q: What is a foreclosure action surplus?
A: A foreclosure action surplus refers to any funds that remain after the foreclosure of a property has been completed.
Q: Why would there be surplus money after a foreclosure?
A: Surplus money may occur if the property was sold at auction for a higher price than what was owed on the mortgage.
Q: Who is entitled to the foreclosure surplus?
A: The former homeowner, or any other parties with valid liens or claims on the property, may be entitled to the surplus.
Q: What is the Foreclosure Action Surplus Monies Form?
A: The Foreclosure Action Surplus Monies Form is a document used in New York to make a claim for the surplus funds.
Q: How do I obtain the Foreclosure Action Surplus Monies Form?
A: You should contact the relevant court or county clerk's office in New York to obtain the form.
Q: What information is required on the form?
A: The form typically requires information about the foreclosure case, the property, and the claimant's contact information.
Q: Are there any deadlines to submit the form?
A: Yes, there are usually specific deadlines for submitting the form, which vary depending on the court and the specific case.
Q: What happens after I submit the form?
A: After submitting the form, the court will review the claim and may schedule a hearing to determine the distribution of the surplus funds.
Q: Can I hire an attorney to help with the process?
A: Yes, it is recommended to consult with an attorney who specializes in foreclosure law to assist you with the claim process.
Q: What if I am not the former homeowner but have a claim on the surplus funds?
A: If you have a valid lien or claim on the property, you may still be able to make a claim for the surplus funds by following the appropriate procedures.
Q: What happens if no one claims the foreclosure surplus?
A: If no one claims the surplus funds within a certain period of time, they may be forfeited to the government or other designated entity.
Form Details:
- Released on December 1, 2019;
- The latest edition currently provided by the New York State Unified Court System;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the New York State Unified Court System.
