US Legal Forms
Illinois Petition for Turnover of Surplus Funds

Illinois Petition for Turnover of Surplus Funds

Name: Illinois Petition for Turnover of Surplus Funds
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.79 (313 reviews)

Category:

Illinois Local County - Whiteside

State:

Illinois

Control #:

IL-SKU-4169

Format:

Instant download

This website is not affiliated with any governmental entity

Public form

Description

Petition for Turnover of Surplus Funds The Illinois Petition for Turnover of Surplus Funds is a document filed with the court by a person or organization that is owed money by the state of Illinois. The petition is used to request the court to turn over surplus funds held by the state of Illinois, which includes funds collected from the sale of land, unclaimed funds, or other sources. There are two types of Illinois Petition for Turnover of Surplus Funds: a Petition for Turnover of Surplus Funds to a Named Beneficiary, and a Petition for Turnover of Surplus Funds to the State Treasurer. The first type is used when the funds are owed to a particular person or organization, while the second type is used when the funds are owed to the state. Both types of petitions require the petitioner to provide information about the funds, a description of the legal basis for the claim, and proof of the claimant's right to the money.

The Illinois Petition for Turnover of Surplus Funds is a document filed with the court by a person or organization that is owed money by the state of Illinois. The petition is used to request the court to turn over surplus funds held by the state of Illinois, which includes funds collected from the sale of land, unclaimed funds, or other sources. There are two types of Illinois Petition for Turnover of Surplus Funds: a Petition for Turnover of Surplus Funds to a Named Beneficiary, and a Petition for Turnover of Surplus Funds to the State Treasurer. The first type is used when the funds are owed to a particular person or organization, while the second type is used when the funds are owed to the state. Both types of petitions require the petitioner to provide information about the funds, a description of the legal basis for the claim, and proof of the claimant's right to the money.

View A03 Exhibit B Mortgage

View this form

View A01 Complaint For Breach Of Contract regarding Attorneys Fees

View this form

View A02 Notice and Order to Dismiss Complaint Voluntarily

View this form

View A01 Petitioner's Response To Respondent's Verified Petition For Immediate Hearing Ex Parte

View this form

View A02 Respondent's Verified Petition For Immediate Hearing Ex Parte Petition For Order Of Protection

View this form

How to fill out Illinois Petition For Turnover Of Surplus Funds?

If you’re looking for a way to appropriately prepare the Illinois Petition for Turnover of Surplus Funds without hiring a lawyer, then you’re just in the right spot. US Legal Forms has proven itself as the most extensive and reliable library of formal templates for every private and business scenario. Every piece of paperwork you find on our web service is designed in accordance with federal and state regulations, so you can be certain that your documents are in order.

Adhere to these simple guidelines on how to acquire the ready-to-use Illinois Petition for Turnover of Surplus Funds:

Ensure the document you see on the page corresponds with your legal situation and state regulations by checking its text description or looking through the Preview mode.
Enter the document title in the Search tab on the top of the page and select your state from the list to find an alternative template if there are any inconsistencies.
Repeat with the content check and click Buy now when you are confident with the paperwork compliance with all the requirements.
Log in to your account and click Download. Sign up for the service and opt for the subscription plan if you still don’t have one.
Use your credit card or the PayPal option to pay for your US Legal Forms subscription. The document will be available to download right after.
Choose in what format you want to save your Illinois Petition for Turnover of Surplus Funds and download it by clicking the appropriate button.
Add your template to an online editor to fill out and sign it rapidly or print it out to prepare your hard copy manually.

Another wonderful thing about US Legal Forms is that you never lose the paperwork you purchased - you can pick any of your downloaded templates in the My Forms tab of your profile whenever you need it.

Form Rating

4.79

Satisfied(313)

Form popularity

FAQ

In general, if no other liens or claims exist, the owner of the property which is sold at auction has the right to collect any surplus funds after foreclosure. However, if any liens or claims exist, they would have priority over the owner of the property to the surplus foreclosure funds.

13.3. 1 Mandatory Disclosure. When further relief is sought from the court and a material change of circumstances has occurred, an updated completed ?Financial Affidavit? must be served on the other party no less than seven (7) days prior to any hearing.

In a foreclosure sale, a surplus fund is a difference between the equity of the home and the amount the house was sold for. For example, if the house was sold for $200,000 and you still owed $180,000, you would be entitled to the remaining $20,000. There may be other numbers that are involved that will be subtracted.

Upon a motion by defendant's attorney the court shall allow the furnishing of discovery to the defendant unless the State objects, at which time the court shall weigh the benefit to the defense against any potential harm or danger raised by the prosecution and enter an appropriate order.

(1) Notice Required. In all mortgage foreclosure cases where the borrower is defaulted by court order, a notice of default and entry of judgment of foreclosure shall be prepared by the attorney for plaintiff and shall be mailed by the Clerk of the Circuit Court for each judicial circuit.

In Illinois, there is a redemption period during which you have the legal right to pay off the total debt plus certain costs and interest and reclaim your property, even after a judgment of foreclosure. The property cannot be sold during the redemption period.

Subject to a few limited exceptions, you have 7 months from the date you are served to pay off your loan in full, either by refinancing the loan or by selling the house or by other means. This is called your right to redeem, and the 7-month period is called the redemption period.

How do I get my surplus? After there is a final order of foreclosure, you can petition the court for the surplus funds. You must fill out a Petition to Turnover Surplus Funds, and any other forms required by the court, and file them with the circuit clerk.

Trustees forward surplus funds to the state's unclaimed property division if they're not able to contact the prior homeowner(s). Californians may inquire about unclaimed surplus funds with the California State Controller at 1 (800) 992-4647. Remember: prior homeowners are notified of possible surplus funds via mail.

More info

All parties to the proceeding have been given notice of this Petition. 2. Appearance Notice Of Motion And Petition For Turnover Of Surplus Funds Form.This is a Illinois form and can be use in Cook Local County. CCCH 0317 PETITION FOR TURNOVER OF SURPLUS FUNDS. Download PETITION FOR TURNOVER OF SURPLUS FUNDS – Clerk of the Circuit Court (Cook County, IL) form. When completed, you must file this Application in Room 315 of the Court House at the Civil Case Cost Desk. 45.032 Disbursement of surplus funds after judicial sale. All forms must be completed and submitted in English. Notice of Surplus Funds. Please include copies of the documents with the completed application.

Illinois Petition for Turnover of Surplus Funds

Description

Related forms

How to fill out Illinois Petition For Turnover Of Surplus Funds?

Show more info

Form Rating

Form popularity

FAQ

Who gets the surplus funds from a foreclosure?

What is the rule 13.3 1 in Cook County court?

What is surplus recovery?

What is the Illinois Supreme Court rule for criminal discovery?

What is the Supreme court rule 113 in Illinois?

Is Illinois a foreclosure redemption state?

What is special right to redeem in Illinois foreclosure?

How do I claim surplus from foreclosure in Illinois?

What happens with surplus funds?

Who gets the surplus funds from a foreclosure?

More info

Trusted and secure by over 3 million people of the world’s leading companies