Questions About Surplus Funds? Call Us Today (919) 439-1208
Still Have Questions or Ready to Get Started?
Avoid Paying Upfront Fees & Save time!
Understand Your Options and Get Help Navigating the Surplus Funds Recovery Process
Surplus funds recovery can involve deadlines, documentation, competing claims, and different procedures depending on the situation. We created this page to help you understand the difference between working with our team and trying to navigate the process alone.
Working With Solution Based Estate
Pay No Upfront Fees - You pay nothing unless funds are successfully recovered... Our compensation is based on results, meaning we only get paid if you do!
Guide From Start to Finish - We help guide the process so you're not left figuring out requirements, next steps, or timeline on your own!
Help With Documents -We help gather and organize the documents needed to move the claim forward. We help coordinate with appropriate parties or professionals when needed.
Support For Complex Situations - Mortgage foreclosure, tax sale, HOA liens, probate, and multi-party claims can all involve different processes.We help streamline the process so you don’t have to figure everything out on your own.
Handling The Process On Your Own
Potential Upfront Cost - Handling the process independently may cost you thousands of dollars in upfront professional and filling fees.
No Clear Guidance - You are responsible for figuring out the process, requirements, and next steps on your own.
Document Confusion - Knowing what documents are needed and how to properly prepare them can be unclear and time-consuming. You may need to coordinate between different offices, department, or parties.
Missed Opportunities - Missing documents or incorrect filings can result in denial, delay, or impact claims. We help reduce those risks. Some individuals never pursue funds simply because they are unaware of how to proceed. Without experience, it can be difficult to know what steps to take next.
What are surplus funds?
Surplus funds are the remaining funds left over after a property is sold at foreclosure or tax sale and all debts tied to the property have been paid. These funds may be owed to the former owner or other eligible parties.
How do I know if I have surplus funds available?
If your property was sold at foreclosure or tax sale, there is a possibility that excess funds exist. These funds are not always automatically claimed, which is why a claim review can help determine whether funds may be available in your situation.
Who can claim surplus funds?
In most cases, the former property owner is the primary rightful claimant. However, lienholders, heirs, or other interested parties may also have a valid claim depending on the circumstances.
How much does your service cost?
We work on a contingency basis, meaning there are no upfront fees. We only receive compensation if funds are successfully recovered.
How long does the recovery process take?
The timeline can vary depending on the case and jurisdiction. Some claims may be resolved within a few weeks, while others may take several months.
Do I need an attorney to claim surplus funds?
In certain cases, an attorney may be required depending on the jurisdiction. We help coordinate the process and work alongside appropriate professionals when necessary.
What information do I need to get started?
To begin, we typically need basic information such as your name, contact details, and the property address associated with the foreclosure or tax sale.
Can heirs or family members claim surplus funds?
Yes. In probate or inherited property situations, heirs or family members may be eligible to claim surplus funds depending on documentation and legal standing.
What if multiple people have a claim?
If multiple parties have a claim, the funds are typically distributed based on legal priority and supporting documentation.
What happens if the funds go unclaimed?
In some cases, unclaimed funds may eventually be transferred to a state unclaimed property division if not claimed within a certain timeframe.
What types of situations can create surplus funds?
Surplus funds may arise from mortgage foreclosures, tax sales, HOA lien foreclosures, or other foreclosure-related proceedings.
Can I still claim funds if the foreclosure happened years ago?
In many cases, surplus funds may remain unclaimed for a period of time. Eligibility depends on the specific case and jurisdiction.
Why haven’t I been notified about these funds?
Notification processes vary and may not always reach the rightful claimant. Many individuals are unaware that surplus funds exist or how to properly claim them.
What if I’m not sure if I qualify?
If you are unsure, the best first step is to submit a claim review. We can help determine whether surplus funds may be available based on your situation.
