Foreclosure activity in Ohio surged in the first half of 2025, increasing 5% from the same time last year (FORECLOSURE ACTIVITY IN FIRST HALF OF 2025 UP FROM PREVIOUS YEAR). But what many homeowners—and former homeowners—don’t realize is that foreclosure doesn’t always mean financial loss. In many cases, it could mean money left on the table.
Thanks to skyrocketing post-pandemic home values across Ohio, properties are often sold at sheriff’s sale, or private auction, for more than what’s owed on the combined total of court costs, taxes, mortgages, and liens. If that happens, the surplus money left over—called excess proceeds or surplus proceeds—belongs to you.
Ohio law protects your right to collect surplus funds from a foreclosure sale. These proceeds are what remain after the obligations are paid from the winning bid at auction. And they can amount to thousands of dollars.
What many people don’t realize is that you don’t have to be the homeowner at the time of the foreclosure sale to recover these funds. Beyond the property owners foreclosed, others may have rights, including:
All may have a valid claim under Ohio Revised Code § 2329.44(B)(1), which requires the court clerk to pay these surplus funds “to the judgment debtor or the judgment debtor’s legal representatives.” However, filing the necessary legal paperwork, attending court hearings, and responding to objections are not DIY tasks.
Confirming the existence of surplus funds in court records
Filing all necessary legal paperwork, with supporting exhibits and orders, promptly and correctly
Representing you at any required court hearings
Responding to any objections from banks or lienholders
Securing the judge’s order and ensuring timely disbursement of funds
Whether you’re a former property owner or a legal heir, MPC LAW can help you act quickly and effectively to recover excess foreclosure proceeds.
Don’t leave money on the table or in the Court’s hands. Contact MPC LAW today to schedule a free consultation and let us help you recover what’s rightfully yours.
Matt Curry is not just an attorney and MPC LAW is not just a law firm; we’re advocates for individuals like you who find themselves facing the daunting prospect of collections lawsuits. We're here to level the playing field and guide you on a clear path forward.
