Indiana surplus funds list - jyz.kurbis-suppe.de 2026

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Tax Implications of Surplus Funds Generally, these funds might be considered taxable income, and the homeowner may need to report them as such on their income taxes. However, tax law can be complex, and its advised to consult with a tax professional to comprehend the implications for your specific situation.
Some states also provide foreclosed borrowers a redemption period after the foreclosure sale, during which they can buy back the home. Indiana law, however, doesnt provide a redemption period for foreclosed homeowners after the sale. (Ind. Code 32-29-7-13 (2025).)
You can apply to either the foreclosure trustee or the court to get the foreclosure excess proceeds. The procedures for distributing and claiming surplus funds after a foreclosure sale vary depending on whether the foreclosure was judicial or nonjudicial and differ from state to state and even from county to county.
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Surplus funds are calculated by subtracting the outstanding loan balance and foreclosure costs (such as legal fees and auction expenses) from the sale proceeds.
A court order is needed to claim these funds. If the money remains unclaimed, it can be turned over to the Indiana Attorney Generals Unclaimed Property Division after five years. As successful as efforts to return surpluses have been, more money remains to be claimed.