RECOVERED: HEIRS OF CURTIS LONG $28.572.00 RAMONA L. RAMIREZ $94,090.79 STEVEN W. DEAN $46,480.96 MARIA SOLANO $68,457.00 HEIRS OF JOHN STEVENSON $114,357.00 VIVIAN RICH $99,887.05 NORMAN HEADING $46,894.56 KATIE WILLIAMS $43,848.18 BRIAN WILSON $75,572.77
WHAT WE DO
Strategic guidance for life' s most important property and estate decisions
WHY FAMILIES CHOOSE NOFA
RESEARCH DRIVEN
TEXAS FOCUSED
EDUCATIONAL FIRST
Every recommendation is based on thorough research.
We focus excusively on Texas laws, codes and county processes.
We believe knowledge
empowers you to makethe right decisions.
STRATEGY BEFORE ACTION
We analyze your options before recommending your next move.
PERSONALIZED ADVISORY
Every situation is unique.
Our guideline is tailored
to your circumstances
TRANSPARENT PROCESS
Clear communication.
Honest answers.
No hidden agendas.
Excess Proceeds Process
Adjust the volume
NOFA generally prioritizes:
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Multi-heir or estate-related claims
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Excess Proceeds exceeding $25,000
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Cases involving cross-jurisdiction coordination
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Situations requiring structured documentation management
For straightforward, single-owner cases with minimal procedural barriers, homeowners may be better served by filing directly or consulting local counsel.
1. When The Auction Exceeds Debts:
Every first Tuesday of the month, counties across Texas conduct foreclosure auctions as part of the state's statewide foreclosure sale process, commonly referred to as "Super Tuesday." When a property is sold at one of these auctions, the winning bid may exceed the total debt owed against the property, including the mortgage balance, accrued interest, attorney fees, taxes, and foreclosure costs. The remaining funds are known as excess proceeds. These funds often belong to the former property owner, heirs, estates, or other parties with a legally recognized interest in the property.
2. Priority Payments:
The excess proceeds are distributed in a specific order of priority. First, any outstanding property taxes and liens are paid off. Then, the remaining funds are distributed to various stakeholders, including the homeowner, junior lienholders (e.g., second mortgages or home equity lines of credit), and the foreclosing entity, such as a bank or lending institution.
3. Former Homeowner's Share:
After all the debts and obligations are satisfied, the former homeowner is entitled to their share of the excess proceeds. These funds can serve as a financial cushion to help them move forward after the foreclosure process.
4. Junior Lienholders:
If there are multiple liens on the property, junior lienholders receive their share of the excess funds based on their position in the priority order. It's essential to note that the funds may not be enough to fully cover all junior liens, and some lienholders may receive only a fraction of what they are owed.
5. Expiring Excess Proceeds:
Depending on the property's classification, the redemption period may extend for 180 days or up to two years after the foreclosure sale. Because specific statutes govern redemption rights, excess proceeds claims, and filing deadlines, it is important to evaluate each case individually to determine what funds or property rights may still be recoverable. Under Texas law, eligible claimants generally must file their claim before the second anniversary of the tax sale.
OUR MISSION
To empower property owners, heirs, and investors with the knowledge and legal strategies needed to protect their rights and recover their equity in Texas real estate.
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