Surplus funds in New Jersey: 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.
Surplus deposits into the Superior Court Trust Fund; claim by motion (R. 4:64-3). One standardized statewide process.
No statutory cap, but the AG's 2015 Consumer Fraud settlement with 4 surplus firms treated fees over 35% as excessive — lead at 33%. Flat-fee NJ counsel per motion.
Tax sale overages
Yes — we recover this here.
P.L. 2024 c.39 (post-Tyler): surplus exists only if the owner or heirs demanded a sheriff sale / online auction before judgment — otherwise the judgment bars surplus equity. The statute is the exclusive method.
Narrow lane; assignee claims are a risk (statute silent). Certificate holder takes the first 10% (≤$5,000) plus fees.
Courtroom requirement: Claims here move by court motion. Licensed local attorneys on our bench handle the courtroom work inside the same contingency deal — you never pay hourly legal bills.
If nobody claims it: Superior Court Trust Fund → unclaimed property; post-escheat 20%/35% caps + 24-month bar (46:30B-106).
Cars, boats & RVs in New Jersey: 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://codes.findlaw.com/nj/title-46-property/nj-st-sect-46-30b-106/ · https://law.justia.com/codes/new-jersey/title-2a/section-2a-44-191/
Think New Jersey is holding your money?
Five minutes, zero cost. We verify the record and tell you the truth about what's there — including when the answer is nothing.