We can recover your surplus foreclosure funds.
Whether you have an upcoming foreclosure, are in the middle of a foreclosure or have already been foreclosed upon, you may have surplus funds from the sale of your property that you are entitled to receive.
What Happens in a Foreclosure:
When a property is in arrears either due to unpaid taxes or mortgage payments, the entity entitled to those past due funds is allowed to take action against the client for the outstanding amount. This results in the property going to auction. The opening bid of the auction always equals the total debt owed (including fees) to the lienholder. This amount is usually different from the fair market value of the property and is oftentimes much less. When the property is bid upon, it is for an amount between the total debt owed and the fair market value. The difference between these two is the “surplus” that the original property owner is entitled to collect.
What are Surplus Funds:
Surplus funds are the monies available after foreclosure when a property has sold for more than what is owed. Specifically, “surplus” means the funds remaining after payment of all disbursements required by the final judgment of foreclosure and shown on the certificate of disbursements.
What is an Asset Recovery Firm:
A Firm that assists in the recovery of financial assets.
What we do, how we help:
We have been helping foreclosure victims since 2007!
We have a team of recovery specialists, realtors and attorneys that work directly with the County to assist clients in successfully collecting post-foreclosure balances owed.
We handle everything to include navigating all the legal requirements, to filing and collecting on a client’s claim.
