Tax Sale and Mortgage Foreclosure Excess Funds Recovery

What are Excess Funds?

When a property is sold at a tax sale or mortgage foreclosure auction for more than the debt owed by the property owner, a surplus—also known as excess funds or overage—is generated. This surplus is held by the county or local government after the auction, awaiting claims from the previous owner or any other party with a legitimate claim to these funds.

The process of recovering these surplus funds involves detailed research and the preparation and submission of necessary documents to secure the funds for the rightful recipient. This can be a detailed and time-consuming endeavor, and many potential claimants are not even aware that they have funds waiting to be claimed, leading to significant amounts that go unclaimed.

Navigating the complexities of tax deeds, foreclosure laws, and property procedures is crucial for effectively managing the surplus fund recovery process. Therefore, those looking to claim these surplus funds are encouraged to hire experienced professionals specializing in this field to maximize their chances of successfully retrieving what is owed to them.

Why Choose Us?

Expertise:
The process of claiming surplus funds involves complex legal and administrative steps. A company experienced in surplus fund recovery possesses the necessary expertise to manage these complexities efficiently.

No Recovery, No Fee:
We operate on a contingency basis, meaning we cover all the upfront costs for research, extensive due diligence, and legal fees. If we don't recover any funds, you owe us nothing. This ensures that we do our best to achieve results for our clients while minimizing their risks.

Time Savings:
Working with a recovery service allows individuals and their heirs entitled to surplus funds to spend their time on what matters most to them, leaving the intricate claims process to seasoned experts. In some states, there’s time limit in which you can file a claim, so time is of essence.

Want to discuss your case?

Email us at info@spiralinvestments.com or call/text us at 929-556-2515 today. We’ll send you more details about how the process works. Let’s have a chat and get back what’s yours before it’s too late!