Surplus funds in Indiana: the rules, straight.
We recover foreclosure surplus, tax sale overages, and vehicle/boat/RV repossession surplus here.
Foreclosure / mortgage surplus
Yes — we recover this here.
Clerk holds; assignee claims expressly allowed (IC 32-30-10-14).
No cap on the mortgage stream.
Tax sale overages
Yes — we recover this here. State law caps recovery fees, and our software enforces the cap on every agreement.
County auditor surplus fund (IC 6-1.1-24-7); agents need a court order to collect.
Deadline: 3-year window.
IC 6-1.1-24-7.5: 10% cap on tax-surplus recovery agreements.
Courtroom requirement: Standard claims here are administrative — no attorney legally required for a routine filing.
If nobody claims it: Tax surplus: 3-yr window → county keeps.
Cars, boats & RVs in Indiana: Vehicle/boat/RV repo surplus: UCC § 9-615(d) obliges the LENDER to return the surplus; § 9-616 explanation on request; § 9-625(c)(2) statutory damages for noncompliance. Demand-letter work against the secured party — no county, no state surplus-fee cap in this table.
This page summarizes public statutes for general information — it is not legal advice, rules change, and unverified items are confirmed by our desk (and counsel where needed) before any agreement is papered. Primary source: https://law.justia.com/codes/indiana/title-32/article-34/chapter-1-5/section-32-34-1-5-75/ · https://indianaunclaimed.gov/
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