Lake County Indiana Surplus Funds Recovery

If your property in Lake County, Indiana was foreclosed and sold at a sheriff’s auction for more than what was owed, you may be entitled to surplus funds. These excess proceeds — called surplus funds — are legally owed to the former property owner or their heirs.

Example: A foreclosed home in Gary sells for $165,000. The remaining mortgage balance was $112,000. The $53,000 surplus may be recoverable by the former homeowner.

How to Recover Surplus Funds in Lake County

  • Search public sheriff sale records to identify surplus
  • Verify surplus amounts through court filings or Clerk’s office
  • Submit a petition to the Lake County Superior Court
  • Provide supporting documents like proof of ownership or heirship
  • Obtain a court order to release the surplus

Challenges to Be Aware Of

Many residents miss out on surplus funds because they don’t know the money exists, or they miss important deadlines. Also, incomplete petitions or lack of proper legal representation can result in claim denial.

Why Work with National Equity Agency

Our legal team is familiar with Lake County court procedures and sheriff sale processes. We handle all documentation, court filings, and communication with the Clerk’s office — with no upfront fees and payment only if you receive your funds.

Start Your Lake County Claim Today →