dELAWARE Excess Funds List
Delaware surplus funds are held by the county sheriff or the clerk of court for five years and then transferred to the State Unclaimed fund department with no claiming deadline.
Tax Deed Sales are initiated by the County Sheriffs department and follows a judicial process. No post foreclosure redemption is allowed after the sale.
Delaware is a judicial foreclosure state using scire facias sur mortgage. There is no redemption opportunities after the sale is matured.
Related Statutes for Foreclosure and Surplus Funds
10 Delaware Code § 5067 governs the disposition of surplus proceeds following a mortgage foreclosure sale. It mandates that any funds remaining after paying the principal debt, interest, and costs from a sale of mortgaged premises must be returned to the property owner at the time of the sale.
Also there are no strict deadline for tax sale surplus claim. Surpluses are held by the county sheriff or court and after five years, funds are moved into state unclaimed fund department.
Automate Surplus lead generation
Keeping your database up to date with real time data, meaningful statuses, reliable and accurate information from authentic sources was never an easy task.
So here at SurplusIndex, we introduced an automated surplus lead generation system that keeps your prospect database up-to-date with no efforts. Just set up your preference and start receiving leads directly into your email.
Enroll now
Starter
Subscription Plan- Up to date Excess Funds List
- Includes Post Foreclosure and Verified Surplus Leads
- Unlimited Status Update
- Weekly Update
- Dashboard Access
- 100+ Leads
- Skiptraced Contact
Growth
Subscription Plan- Up to date Excess Funds List
- Includes Post Foreclosure and Verified Surplus Leads
- Unlimited Status Update
- Weekly Update
- Dashboard Access
- 500+ Leads
- Skiptraced Contact
Professional
Subscription Plan- Up to date Excess Funds List
- Includes Post Foreclosure and Verified Surplus Leads
- Unlimited Status Update
- Weekly Update
- Dashboard Access
- 1000+ Leads
- Skiptraced Contact
Our research methodology at a glance!
Pre-Foreclosure Update
>> We populate our database with foreclosure ads, usually after the order of sale is issued and a sale date is announced.
>> We deepsearch those properties in reliable source looking for foreclosed owner (verified with a valid deed or transfer record), final judgment amount, and any other outstanding balances from Mortgage, Taxes or Liens.
>> We use paid Skip-tracing tools to find contact information like wireless numbers, landline or emails.
Finishing this step comes with an outstanding pre-foreclosure list (we prepare them at least one week before sale). The list consists verified owners detail, property detail, civil case detail, appraised value, final judgment, other outstanding balances, and owners contact info(skiptraced).
Post Foreclosure Update
>> Whenever a sale date is past we update the sale status of the pre-foreclosure leads we generated before.
>> We remove those leads that haven't been sold in auction, cancelled, bankruptcy hold, or if the plaintiff buy back the property to cover up the judgment.
>> We only keep those leads, where the property is sold in auction to a third party bidder for more than the property owner owed.
This comes with a polished post-foreclosure list consisting auction sale info, owners detail, property detail, civil case detail, appraised value, final judgment, other outstanding balances, sale price, and owners contact info(skip-traced).
We assume those leads with a high chance of having surplus balance after the initial distribution. But we don't guarantee the availability of surplus there.
verified surplus funds list
>> In our post foreclosure database, we do a routine check of those cases for the court distribution order is filed.
>> We exclude anything where there is no surplus balance or disbursed instantly.
>> We also merge the county provided excess funds list to prepare a verified excess funds list.
>> We do not end here. We keep updating those verified leads until the surplus balance is fully distributed from the treasurer's trust account in the name of prior owners or any lienholders.
>> You can find status updates using our software (access will be provided upon subscription)
So here comes the verified list consisting verified surplus balance detail along with other details mentioned earlier.
Note that: We only deliver pre-foreclosure, post-foreclosure and verified list via email for each respective subscription. Status updates can be self accessible using our app.
