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Problems
Lack of Awareness
Most property owners are not aware they are entitled to surplus funds resulting from foreclosure or tax sales. They might have relocated or remain uninformed about post-foreclosure or tax sale details. These details often remain hidden since county governments benefit from holding these funds as long as legally possible.
Difficulty Locating Funds
Surplus funds are typically maintained by the county clerk’s office; however, locating these funds can be challenging without knowledge of the specific county where the property is situated and detailed information regarding the foreclosure or tax sale. Our extensive research experience uncovers these funds and locate where they belong.
Time Restrictions
In most states, there are statutes of limitations for claiming surplus funds, typically ranging from 2 to 4 years. Some states only allow 90 days before funds are forfeited. If property owners do not claim the funds within this prescribed period, the funds will then become the property of the county.
