At Surplus Recovery , we understand the devastation of foreclosure.However, there can be a sliver lining in some cases. Our team diligently researches foreclosure sales nationwide to identify those that result in excess funds. These funds are available for the foreclosed property owner to claim, as they occur when the winning bidder pays more than what is owed to the the foreclosing entity. Upon discovering excess funds, we conduct thorough research to locate the foreclosed property owner or their heirs. Frequently, the entities responsible for foreclosure proceedings make minimal attempts to notify property owners of available excess funds. As a result, this money may remain unclaimed for extended periods, with potential beneficiaries unaware of its existence.
Our legal team consists of attorneys who utilize efficient systems to promptly file claims. Once a claim is submitted, the payout timeframe typically ranges from a few weeks to several months. Therefore, initiating the process as as soon as possible is crucial. Additionally, our attorneys will represent you at all hearings, therefore no need for you to physically appear in court.
After a foreclosure, finances can be tight. That's why we cover all costs associated with filing a claim for excesss funds on your behalf. You won't have any out-of-pocket expenses. This includes attorneys' fees, filing fees, hearing fess, and more. We assume all financial risks in pursuing your excess funds. If we are unable to recover any money, we do not profit, and you don't owe us anything. We will never ask you to reimburse us for our expenses. In the event of a successful claim, we will split the recovered excess funds with you at an agreed-upon percentage. Our expenses are covered from our share of the funds recovered.
