Surplus funds recovery in Ohio, often resulting from unclaimed property or foreclosure sales,
For unclaimed funds (utility deposits, uncashed checks), search and file at unclaimedfunds.ohio.gov. For foreclosure excess funds, owners must file a motion for distribution in their county court.
1. Ohio Unclaimed Funds (State-Held Money)
- Search & Claim: Visit https://unclaimedfunds.ohio.gov and search for your name. Leave city/zip blank to broaden search.
- Documentation:
- You will need to provide proof of identity (driver’s license)
- and proof of connection to the funds (e.g., past address, SSN).
- Process: Submit forms online. Claims over
may require notarization. Processing can take up to 120 days, though a new system streamlines many, allowing for faster approval.
- Cost: The service is completely free.
- Alternative: For those who have lived in multiple states, check missingmoney.com.
2. Foreclosure Surplus/Excess Funds
If your home was sold in a foreclosure sale for more than what was owed, you may be entitled to the excess.
- Action Required:
- You must file a Motion for Distribution of Excess Funds with the Clerk of Courts
- in the county where the foreclosure occurred.
- Process:
- File the Motion and prove your ownership (often requiring a title search).
- Serve a copy of the Motion on all parties in the lawsuit.
- Attend a hearing if scheduled by the magistrate.
- County Specifics:
- For example, in Franklin County, funds are held by the Office of Fiscal Services and you must follow specific, timely procedures to claim them.