.png)
What Is The Problem
County and state governments currently hold billions of dollars in surplus funds and overages within various departments. Surplus funds accrue when property owners’ default on their mortgages or fail to pay taxes on time. Auctions are organized by lenders and county governments to recoup the owed amounts. Typically, the winning bid exceeds the total debt, resulting in what is known as surplus funds. Legally, lenders and county governments are entitled only to the amount due. The excess funds must be returned to the property owner.
Excess funds that remain unclaimed for a specified period, typically ranging from 2 to 4 years, are transferred to the state. Once these funds have been transferred or escheated to the state, the original property owner forfeits the right to reclaim them. With billions of dollars in unclaimed assets involved, surplus funds recovery firms are engaged in locating and returning these funds to their rightful owners.
Avoid Common Pitfalls
The process for recovering surplus foreclosure funds generally involves submitting a petition to court where the foreclosure or tax sale took place, along with documentation verifying your ownership of the property. Our team is equipped to guide you through the intricate process of claiming any unclaimed foreclosure surplus funds to which you may be entitled.
Navigating the procedures for recovering these funds can be complex and time-consuming when undertaken independently. Our expertise enables us to manage the necessary legal paperwork and adhere to the proper protocols to recover the money owed to you. We possess thorough knowledge of the laws related to surplus funds and conduct comprehensive research into county records to ascertain if funds from the sale of your property or unpaid taxes remain unclaimed. Upon locating surplus funds, we file the appropriate legal motions and claims on your behalf to ensure recovery.
Solutions At Work
Employing industry-leading best practices as recovery specialists provide efficient submission, recovery, and successful resolution of surplus claims.
Our mission is to assist property owners in recovering from the adverse impacts of mortgage foreclosures and tax sale auctions conducted by banks and county governments.
Our team of seasoned professionals has a proven track record of successfully submitting and securing hundreds of claims for our clients.
We ensure your surplus claim will be processed with superior speed, cost-efficiency, and effectiveness compared to any other competitor in the industry.
Small Team, Big Impact
The core team includes three members with extensive experience and backgrounds, enabling efficient and consistent processing of claims. The attorney network is curated for each state, allowing operation and coverage across the United States. Over hundreds of claims have been filed and processed successfully.
The Impact We’ve Made
It’s been such a pleasure working with Retrieve My Surplus. They absolutely came to the rescue when I needed them the most. Unbeknownst to me that there was government money available. But I am so glad I worked with this company for a successful claim.
This is one of the best things I have done. So my house was sold for back taxes!! I was devastated. What I didn’t know is that I was to be paid the over amount in which the property was sold. Tyrone came in and saved the day he was very polite and explained what needed to be done and what I was owed. I am so thankful for him he made this process quick and as easy as possible!! I am so grateful he worked with us. He was very understanding and the things I did not understand he would break it down so there would not be any question on what he had said!! This is a great company to go through if you needing this done!! Thanks Tyrone for all your help!!
Had a great experience. Everyone worked very hard and kept in close contact during the process!
Helpful Resources
Not sure where to start? Our resource center has useful information designed to bring you the latest insights into the surplus funds industry. Learn more today.
Our resource page provides answers to frequently asked questions and features a curated list of court cases pertaining to the surplus funds industry. While some have previously regarded this industry as questionable, recent legal victories against county officials and state governments have shed new light on its legitimacy. Notably, several cases have escalated to the Supreme Court.
