As the Denver Clerk & Recorder, one of my roles is that of Public Trustee. In that role, my office conducts auctions on properties that have gone through the foreclosure process. As the housing market has gotten stronger, we’ve had fewer homes go into foreclosure. Those that do go to sale are selling at higher and higher prices.
Often that means that the property sells for more than the owner owed the bank. The difference in the selling price and what is owed is called Excess Funds. That’s the money we’re trying to get back to the former owner.
People who lose their home have likely suffered a loss: loss of a job, loss of their health, or they’ve lost the love of their life. And now they’ve lost their home. They can’t take any more bad news – and that’s all they think a letter from my office is going to say – more bad news.
They don’t read the letter that says their house sold for more than they owe – and we have $1,000 or $100,000 to give them. We don’t have any illusion that this money will “fix” their lives and make it whole again. But it can help.
The list of properties/people that have Excess Funds available and instructions to claim the money are available on my website. Some of the people on the lists have passed away. Their former neighbors may know a relative that can inherit the money.
There is no cost to these people to get their money. Sadly, there are people (Finders) who charge a hefty percentage and tell people in crisis that my office is trying to keep their money. Nothing could be further from the truth. We know how this money can give people a new start in life – we’ve seen it firsthand.
I hope I can count on your partnership to help find these folks and help set them on a more stable financial path.