State Statutes
Understanding What Occurs After A Foreclosure
Profits remaining are entitled to you
In the event of non-paid taxes or mortgages a foreclosure will take place, the county then holds an auction to obtain what was unpaid. The opening bid on tax foreclosures will be the amount that is due and these properties can sell for a higher amount. Any profits remaining are due to the previous owner or their heirs if they are deceased. These funds are known as excess proceeds.
Alabama Statutes
Tax overage state statutes: Title 40-10-28
Mortgage foreclosure statutes: https://law.justia.com/codes/alabama/2019/title-35/chapter-10/
Alaska Statutes
Tax overage statutes: https://codes.findlaw.com/ak/title-29-municipal-government/ak-st-sect-29-45-480.html
(make sure you file within 6 months or funds gone)
Mortgage foreclosure statutes: https://www.akleg.gov/basis/statutes.asp
Arizona Statutes
They do Tax lien and mortgage foreclosures
Statutes: https://www.azleg.gov/ars/33/00812.htm
Arkansas Statutes
Tax overage statutes: https://codes.findlaw.com/ar/title-26-taxation/ar-code-sect-26-37-205.html
Mortgage foreclosure statutes: https://law.justia.com/codes/arkansas/2017/title-18/subtitle-4/chapter-50/section-18-50-109/
California Statutes
Colorado Statutes
Mortgage foreclosures: https://leg.colorado.gov/bills/hb16-1090
Connecticut Statutes
Tax overage statutes: https://law.justia.com/codes/connecticut/2018/title-12/chapter-204/section-12-157/
Mortgage foreclosure statutes: https://www.cga.ct.gov/current/pub/chap_846.htm
Delaware Statutes
Tax overage statute:
https://law.justia.com/codes/delaware/2018/title-9/chapter-87/subchapter-iv/section-8779/
Mortgage foreclosure statute: https://law.justia.com/codes/delaware/2018/title-10/chapter-49/subchapter-xi/section-5067/
DC Statutes
Tax overage statute: https://code.dccouncil.gov/us/dc/council/code/sections/47-1307.html
Mortgage foreclosure statute: https://code.dccouncil.gov/us/dc/council/code/titles/42/chapters/8/
Florida Statutes
Tax overage statute: http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/019 7/Sections/0197.582.html
Mortgage foreclosure statute: http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0000-0099/004 5/0045.html
Section 197.582 Disbursement of proceeds of sale.
To the extent possible, these funds will be used to satisfy in full each claimant with a senior mortgage or lien in the property before distribution of any funds to any junior mortgage or lien claimant or to the former property owner. To be considered for funds when they are distributed, you must file a notarized statement of claim with this office within 120 days of this notice. If you are a lienholder, your claim must include the particulars of your lien and the amounts currently due. Any lienholder claim that is not filed within the 120-day deadline is barred.
(5) Except for claims by a property owner, claims that are not filed on or before close of business on the 120th day after the date of the mailed notice as required by subsection (2), are barred. A person, other than the property owner, who fails to file a proper and timely claim is barred from receiving any disbursement of the surplus funds. The failure of any person described in s. 197.502(4), other than the property owner, to file a claim for surplus funds within the 120 days constitutes a waiver of interest in the surplus funds, and all claims thereto are forever barred
(9) If the clerk does not receive claims for surplus funds within the 120-day claim period, as required in subsection (5), there is a conclusive presumption that the legal titleholder of record described in s. 197.502 (4)(a) is entitled to the surplus funds. The clerk must process the surplus funds in the manner provided in chapter 717, regardless of whether the legal titleholder is a resident of the state or not.
Georgia Statutes
Tax overage statute: https://law.justia.com/codes/georgia/2018/title-48/chapter-4/article-1/section-48-4-5/
Mortgage foreclosure statute: https://law.justia.com/codes/georgia/2018/title-44/chapter-14/article-7/part-2/section-44-14-190/
Hawaii Statutes
Tax overage statute: https://law.justia.com/codes/hawaii/2009/volume-04/title-14/chapter-246/hrs-0246-0063-htm/
Mortgage foreclosure statute: https://law.justia.com/codes/hawaii/2018/title-36/chapter-667/section-667-31/
Idaho Statutes
Tax overage statute: https://legislature.idaho.gov/statutesrules/idstat/Title31/T31CH8/SECT31-808/
Mortgage foreclosure statute: https://legislature.idaho.gov/statutesrules/idstat/title45/t45ch15/sect45-1507/
Illinois Statutes
Indiana Statutes
Tax overage statute: https://law.justia.com/codes/indiana/2016/title-6/article-1.1/chapter-24/
Mortgage foreclosure statute: https://iga.in.gov/legislative/laws/2017/ic/titles/032
Iowa Statutes
Iowa Mortgage foreclosure statutes: https://www.legis.iowa.gov/docs/code/2018/654.7.pdf
Kansas Statutes
Tax overage statutes: https://www.ksrevisor.org/statutes/chapters/ch79/079_028_0003.html
Mortgage foreclosure statues: Statute | Kansas State Legislature (kslegislature.org)
Kentucky Statutes
Mortgage foreclosure statute: https://law.justia.com/codes/kentucky/2022/chapter-426/section-426-552/
Louisiana Statutes
Mortgage foreclosure statute: http://www.legis.la.gov/legis/Law.aspx?d=111445
Main Statutes
Tax overage statute: https://legislature.maine.gov/statutes/36/title36sec949.html
Mortgage foreclosure statutes: https://www.mainelegislature.org/legis/statutes/14/title14sec6203-A.html
Maryland Statutes
Maryland Tax overage statues: Maryland Code, Tax-Property | FindLaw
Massachusetts Statutes
Mortgage foreclosure statute: General Law - Part II, Title I, Chapter 183, Section 27 (malegislature.gov)
Michigan Statutes
Tax overage statutes: Michigan Legislature - Section 211.78t
Mortgage foreclosures: Michigan Legislature - Section 600.3252
Minnesota Statutes
Tax overages could change in the future: Sec. 270C.63 MN Statutes
Mortgage foreclosure statute: Sec. 580.01 MN Statutes
Mississippi Statutes
Tax overage statute: Mississippi Code § 27-41-77 (2018) - Sales of land for taxes; disposition of excess in amount bid. :: 2018 Mississippi Code :: US Codes and Statutes :: US Law :: Justia
Mortgage foreclosure statute: TITLE 89 - REAL AND PERSONAL PROPERTY :: 2010 Mississippi Code :: US Codes and Statutes :: US Law :: Justia
Missouri Statutes
Tax overage statute: Missouri Revisor of Statutes - Revised Statutes of Missouri, RSMo Section 140.230
Mortgage foreclosure statute: Missouri Revisor of Statutes - Revised Statutes of Missouri, RSMo Section 443.410
Montana Statutes
Tax overage statutes: 15-18-221. Distribution of tax deed auction proceeds, MCA (mt.gov)
Mortgage foreclosure statute: 71-1-316. Disposition of proceeds of sale -- notice -- surplus funds -- attorney fees, MCA (mt.gov)
Nebraska Statutes
Mortgage foreclosure statute: Nebraska Revised Statute 76-1011 Legislature
Nevada Statutes
Tax overage statute: NRS: CHAPTER 361 - PROPERTY TAX (state.nv.us)
Mortgage foreclosure statute: NRS: CHAPTER 40 - ACTIONS AND PROCEEDINGS IN PARTICULAR CASES CONCERNING PROPERTY (state.nv.us)
New Hampshire Statutes
Tax overage statute: Section 80:88 Distribution of Proceeds From the Sale of Tax-Deeded Property. (state.nh.us)
Mortgage foreclosure statute: Chapter 479 - MORTGAGES OF REALTY :: 2015 New Hampshire Revised Statutes :: US Codes and Statutes :: US Law :: Justia
New Mexico Statutes
Tax overage statute: New Mexico Statutes Chapter 7. Taxation § 7-38-71 | FindLaw
Mortgage foreclosure statute: New Mexico Statutes 48-10-15. Disposition of proceeds of sale » LawServer
New York Statutes
Tax overage statute: New York Consolidated Laws, Real Property Tax Law - RPT § 1194 | FindLaw
Mortgage foreclosure statute: New York Consolidated Laws, Real Property Actions and Proceedings Law - RPA | FindLaw
North Carolina Statutes
Tax overage statute: GS_105-374.pdf (ncleg.gov)
Mortgage foreclosure statute: GS_45-21.31.pdf (ncleg.gov)
North Dakota Statutes
Tax overage statute: Section 57-28-20 - [Effective Until 8/1/2023] Disposition of proceeds of sales, N.D. Cent. Code § 57-28-20 | Casetext Search + Citator
Mortgage foreclosure statute: North Dakota Century Code t32c19 (ndlegis.gov)
Ohio Statutes & revised Codes
Tax overage statute: Document Center / Foreclosure Proceedings / Butler County, Ohio Treasurer (butlercountytreasurer.org)
Mortgage foreclosure: Section 2329.44 - Ohio Revised Code | Ohio Laws
Ohio Revised Code
Section 5721.20 Unclaimed monies remaining to owner.
residue of moneys from the sale or foreclosure of lands remaining to the owner on
the order of distribution, and unclaimed by such owner within sixty days from its receipt, shall
be paid into the county treasury and shall be charged separately to the county treasurer by the
county auditor, in the name of the supposed owner. The treasurer shall retain such excess in
the treasury for the proper owner of such lands upon which the foreclosure was had, and upon
demand by such owner, within three years from the date of receipt, shall pay such excess to
the owner.
Section 5721.20 - Ohio Revised Code | Ohio Laws
Ohio Revised Code
Section 2329.44 Excess payable to debtor; notice to debtor.
If the balance is one hundred dollars or more, send to the judgment debtor whose property was the subject of the sale a notice that indicates the amount of the balance, informs the judgment debtor that the judgment debtor is entitled to receive the balance
Oklahoma Statutes
Oregon Statutes
Mortgage foreclosure statute: ORS 86.794 - Disposition of proceeds of sale (public.law)
Pennsylvania Statutes
Tax overage statute: Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs | FindLaw
Mortgage foreclosure statute: 231 Pa. Code Rule 3136. Distribution of proceeds. (pacodeandbulletin.gov)
Rhode Island Statutes
Tax overage statute: Chapter 44-9-37 - Surplus proceeds from sale without foreclosure. :: 2012 Rhode Island General Laws :: US Codes and Statutes :: US Law :: Justia
Mortgage foreclosure statute: General Laws of Rhode Island Section 34-11-22 (2018) - Statutory power of sale in mortgage. :: 2018 Rhode Island General Laws :: US Codes and Statutes :: US Law :: Justia
South Carolina Statutes
Mortgage foreclosure statute: Code of Laws - Title 29 - Chapter 3 - Mortgages And Deeds Of Trust Generally (scstatehouse.gov)
South Dakota Statutes
Tax overage statute: Codified Law 10-22-27 | South Dakota Legislature (sdlegislature.gov)
Mortgage foreclosure statute: Codified Law 21-48-16 | South Dakota Legislature (sdlegislature.gov)
Tennessee Statutes
Texas Statutes
Tax overage statute: TAX CODE CHAPTER 34. TAX SALES AND REDEMPTION (texas.gov)
Mortgage foreclosure statute: Texas Property Code - PROP § 70.007 | FindLaw
Utah Statutes
Tax overage statute : C59_1800010118000101.pdf (utah.gov)
Mortgage foreclosures statute: C57-1-S29_2017050920170509.pdf (utah.gov)
Vermont Statutes
Tax overage statute: Vermont Laws
Mortgage foreclosure statute: Rule 80.1 - Foreclosure of Mortgages and Judgment Liens, Vt. R. Civ. P. 80.1 | Casetext Search + Citator
Washington Statutes
Tax overage statute: RCW 84.64.080: Foreclosure proceedings—Judgment—Sale—Notice—Form of deed—Recording. (wa.gov)
Mortgage foreclosure statute: RCW 61.24.080: Disposition of proceeds of sale—Notices—Surplus funds. (wa.gov)
West Virginia Statutes
Tax overage statute: WV Code § 11A-3-10 (wvlegislature.gov)
Mortgage foreclosure statute: West Virginia Code (wvlegislature.gov)
Wisconsin Statutes
Tax overage statute: Wisconsin Legislature: 75.69
Mortgage foreclosure statute: Wisconsin Legislature: 846.08