Yes. Foreclosure surplus is legally mandated. When a property sells for more than what's owed, state law requires the difference to be held for the former owner. The Supreme Court confirmed this in Tyler v. Hennepin (2023). The funds are sitting in county courts and state programs right now.
Most former homeowners don't know surplus equity exists. They've moved, they assume they lost everything, and the claim process is fragmented across 3,000+ counties with no central system. That's why billions remain unclaimed.
When a foreclosed property sells for more than the debt owed, the surplus equity legally belongs to the former owner. Most never claim it. An AFA is the legal right to recover that capital from government custody.
You're not buying property. You're acquiring a claim on cash already held by a court, trustee, or state program. No property management. No renovation. No tenants. The collateral is surplus proceeds, not real estate.
In May 2023, the Supreme Court ruled unanimously that government retention of surplus equity beyond what is owed constitutes a taking under the Fifth Amendment. This triggered state-level reforms and some legal framework for surplus recovery.
Estimated national stock: $5-8 billion in current unclaimed surplus equity. Approximately $2 billion in new addressable surplus equity created annually. These are directional estimates based on high-transparency jurisdictions.
Complete our qualification form. Once qualified, you receive platform access.
We work with institutional investors, family offices, and individual investors. Qualification is confirmed during your introductory call.
No. You select individual tranches on a deal-by-deal basis. Each commitment is structured as a Purchase & Sales Agreement. No subscription agreements. No lockups. No management fees.
You're purchasing the economic interest in a specific tranche. Milan Capital handles all recovery operations. You receive proceeds upon successful resolution.
Average payout is 70-90 days for standard claims. Complex cases (probate, contested liens) can take 6-18 months. Estimated duration is displayed on each deal card.
A transaction fee is charged on each purchase. No management fees. No upfront costs. No subscription fees.
If a claim cannot be resolved (superior lienholder emerges, etc.), we do not receive proceeds from that claim. For example, if an undisclosed HOA lien exists, net proceeds could be reduced or eliminated entirely. This is why lien status is flagged on every deal card.
Yes. Each tranche is a separate P&S Agreement. Commit to as many or as few as you choose.
Undiscovered junior liens reduce net surplus equity.
Court delays
extend timelines.
Unverified owners may
block claims.
Missed deadlines transfer funds to the state.
Fee caps or procedures
may change.
Full risk factors are disclosed on each deal card.
Investments in After Foreclosure Assets involve risk of loss. Claims may fail due to lien disputes, owner identification challenges, documentation failures, court delays, or other procedural factors. Past performance is not indicative of future results.
Milan Capital does not operate as an investment fund. Each investment is a Purchase & Sales Agreement for a specific tranche. No subscription agreements, lockups, or management fees.
Milan Capital operates in compliance with state-specific fee caps and consumer protection regulations.
Nothing on this website constitutes tax, legal, or investment advice. Consult your own advisors before making purchase decisions.
Statements regarding market size, timelines, and potential outcomes are forward-looking and subject to uncertainty. Actual results may differ materially.
Only Investment opportunities are available only to accredited investors as defined under Regulation D, or equivalent institutional qualifications.
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This market won't stay inefficient. As institutional infrastructure scales, the current advantage compresses. Early winners are already inside.
Milan CM
620 Newport Center Dr.
Newport Beach, CA 92660