Frequently Asked Questions
What happens after your home sells at auction?
If your home has been foreclosed, typically, the county auctions the property in an effort to recover the amount of unpaid taxes or mortgage that was owed by the previous owner. If the property sold for more than what was owed, the difference is legally owed to the previous owner. The extra money is considered surplus funds.
What are Surplus Funds?
Surplus funds, refers to the money over and above what's needed to pay off the property taxes or mortgage that was owed to the county or lienholder. The extra money legally belongs to the previous homeowner.
How do I get started?
Our process is simple, schedule a (no obligation) phone call and we will gather property details to begin researching the foreclosure and auction results. We will contact the local county representatives to coordinate and submit the claim on your behalf.
How do I get paid for the surplus funds?
There are no up-front fees for our services. If there is money to be recovered, our team works directly with the local county to apply, and a third-party escrow account will deliver the money owed directly to the stakeholders.
Are there hidden fees?
There are no hidden fees. We are committed to transparency and will assume the notary costs and filing fees that arise from filing a claim on your behalf. If there are lawyer fees, those will be deducted from the claim prior to disbursement to the stakeholders.
What States do you serve?
The majority of states within the U.S. provide access to surplus funds. Send us an email with the city, county and state of the location and our team will review the local requirements to determine if surplus funds are available.