Question 1

What are surplus funds?

Accepted Answer

Excess funds resulting from the sale of a foreclosed property are commonly referred to as "surplus", "overage", or "excess funds". Whether it's a mortgage foreclosure, association foreclosure, or tax-deed foreclosure, the property is sold at auction, frequently exceeding the amount owed. In such cases, the surplus funds rightfully belong to the original homeowner or their heirs.

Question 2

Why am I owed funds?

Accepted Answer

You have been identified as the appropriate party to claim these funds because property you owned has gone through a foreclosure or tax sale, or because you are an heir to property that has gone through sale.

Question 3

What are the fees associated with filing a surplus funds or excess income claim?

Accepted Answer

We only collect a fee upon successful recovery of your unclaimed funds. If we are unable to secure the funds, you will not incur any charges.

Question 4

What happens to the surplus funds if I choose not to claim them?

Accepted Answer

The majority of counties retain these funds for a duration of 2 to 3 years. Following this period, certain counties opt to transfer the funds to the state, while others choose to relinquish the funds entirely, which results in you losing access to them.

Question 5

How can I be certain this is not a scam?

Accepted Answer

Our primary objective as a business is to assist people, and that is precisely what we do. Over the course of our operations, we have aided numerous individuals in recovering money that was owed to them. While it is not a common occurrence to receive a call informing you that you are entitled to unclaimed funds, this information is publicly available. We are committed to furnishing you with all the evidence required.

FAQs

What are surplus funds?

Why am I owed funds?

What are the fees associated with filing a surplus funds or excess income claim?

What happens to the surplus funds if I choose not to claim them?

How can I be certain this is not a scam?