Arkansas Excess Funds List
Arkansas tax sale surpluses are held by State land commission for 2 years from the date of the tax sale. If not claimed within 2 years, surpluses are forfeited to the state fund. On the other hand trustees sale proceeds have no limited claiming period following the state law.
County certifies Tax delinquent property to the Commissioner of State Lands after October 15th each year. Properties can be redeemed by the last business day before sale. Surpluses are held and distributed by State Land Commissioner (COSL).
Arkansas Mortgage Foreclosures primarily non-judicial and having no redemption period after sale. It may also have judicial foreclosure with one year redemption period. If available surplus funds held by the truste or court in case of judicial foreclosure.
Related Statutes for Foreclosure and Surplus Funds
Arkansas Code § 26-37-205
The statute governs the distribution of funds following the state’s sale of tax-delinquent land. It outlines how proceeds are allocated to cover taxes, penalties, interest, and costs, with any remaining balance handled according to statutory procedures, ensuring legal compliance in property forfeiture.
In Arkansas, the distribution of proceeds from a trustee’s sale—specifically regarding statutory foreclosures under a deed of trust—is governed by Arkansas Code § 18-50-109. The trustee is required to apply the proceeds in a specific order.
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.
