Frequently Asked Questions
How do I know If I'm owed money?
If your property was sold at a foreclosure auction for more than what was owed on taxes, mortgage and other liens, you may be entitled to the surplus funds. These surplus funds represent the remaining balance after all debts tied to the property have been settled. It’s important to act quickly to claim your surplus funds, as there may be deadlines or legal requirements to meet. Additionally, understanding the process for recovering these funds can be complex, involving paperwork and verification of your rights as the rightful owner. Consulting with a professional experienced in foreclosure proceedings can ensure that you don’t miss out on what you’re rightfully owed.
How long does the recovery process take?
The timeline for resolving claims varies depending on the specifics of each case, the state you're in, and how busy the courts and clerk's offices are. Factors like signing, notarizing, and filing documents also play a role in the process.
In most cases, claims are resolved within 60 to 120 days.
What is the foreclosure recovery process?
Through our foreclosure recovery process, we locate the previous owner—whether an individual or a business—and inform them if they may be entitled to surplus funds.
Next, we prepare the necessary documents required for the claim.
After the paperwork is complete, we guide the claimant through the submission process, ensuring all deadlines are met and requirements are satisfied. Our team works closely with the relevant authorities to expedite the review and approval of claims, providing regular updates and support to our clients at every step.
Is there a fee for your services?
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- No upfront fees – you won’t pay a penny to get started.
- We work on a contingency basis, meaning we only get paid if we successfully recover your funds.
- All legal fees are covered by us, so you don’t take on any financial risk.
- Our fees are determined by the complexity of your case, ensuring fairness and transparency.
What if I need an Attorney?
We collaborate with a dedicated team of experienced attorneys.
What documents will I need to provide?
We’re here to make the process smooth and straightforward for you. Here’s how it works:
In most cases, you’ll simply need to provide:
- A signed authorization form from us
- A valid photo ID
- Proof of property ownership (don’t worry, we can handle this part for you!)
Once we have these, we’ll take care of everything else, including gathering any additional documents required.
What's the difference between a Tax Sale foreclosure and a Mortgage foreclosure?
A tax sale foreclosure occurs when a property owner, whether an individual or business, fails to pay their property taxes for several years.
On the other hand, a mortgage foreclosure happens when the property owner is unable to meet their mortgage payment obligations.
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