Before, during & after foreclosure.

Understand your options—before, during & after foreclosure.

Foreclosure-related situations are a major focus of our work. ICONIQ Property Group helps homeowners understand possible next steps, compare selling approaches, and review whether foreclosure surplus may remain after an auction. Your goal may be to stay, sell, or understand what happened after a sale. We start there.

If you have received a notice or court papers, confirm the current status and any auction date promptly with your servicer, attorney, or the office handling the sale. A conversation with us, an offer, or a signed sales agreement does not automatically stop an auction.

1. Explore keeping your home.

If staying is your priority, contact your mortgage servicer and ask which assistance options are available for your loan. A HUD-approved housing counselor can help you understand the process. Availability depends on your loan, finances, application, and timing.

We can help you identify questions to ask while discussing your property situation. Your servicer decides mortgage assistance eligibility. ICONIQ is not your lender, a law firm, or a HUD-approved housing counseling agency.

2. Consider selling before an auction.

If keeping the home is no longer practical, a sale completed before foreclosure may allow you to pay off secured obligations and retain remaining equity. It may also avoid the additional credit consequences of a completed foreclosure. Existing missed payments may still appear on your credit history; no credit score result is promised.

We review the property's condition, recent comparable sales, estimated payoff requirements, and time available. A direct cash offer may fit a shorter timeline. An equity-focused sale may be worth exploring when there is enough time for broader buyer exposure. A traditional listing may also be appropriate.

• Confirm the deadline: verify the sale date and obtain written confirmation of any postponement from the appropriate party.
• Request accurate figures: include mortgage payoffs, arrears, foreclosure expenses, taxes, association balances, and other liens.
• Compare actual proceeds: account for obligations and costs rather than treating the sale price as money you will receive.
• Check feasibility: title work, lender requirements, and contract conditions must allow closing before the relevant deadline.

If the proceeds would not cover the required obligations, an ordinary sale may not be feasible. Ask your servicer about a short sale or other alternatives and obtain appropriate legal and tax advice before agreeing to terms.

3. If the auction already happened, check for surplus.

A foreclosure auction can sometimes generate money beyond the debt and expenses paid through the sale. These remaining proceeds are often called surplus funds or excess proceeds. A completed auction does not automatically mean that funds exist or that the former owner is entitled to the entire balance.

ICONIQ can help review the actual sale result and available records to determine whether a possible surplus warrants further investigation. We look for the office holding the funds, reported distributions, and other claims that may affect what remains.

1. Verify the actual sale: confirm the winning bid and whether the sale was completed, canceled, or otherwise affected by later proceedings.
2. Check the funds: review the applicable sale or disbursement records. Market value alone cannot establish a surplus.
3. Review possible entitlement: ownership history, liens, assignments, estate issues, and other claims may matter.
4. Identify the next step: deadlines, forms, and any court process depend on the jurisdiction and type of foreclosure.

You may be able to claim funds directly through the responsible office without hiring a recovery company. Where professional assistance is appropriate and available, we explain the proposed role, terms, and costs before you decide. Legal representation or contested claims require an appropriately licensed attorney. We do not guarantee funds, eligibility, recovery, or timing.