SRS Logos
SRS Logos

Have more questions?

Everything You Need to Know About Surplus Funds Recovery

What are surplus funds after a foreclosure or tax sale?

Surplus funds are the remaining money after a foreclosure or tax sale once all debts, including mortgages and liens, have been paid off. This excess money rightfully belongs to the former property owner but often goes unclaimed due to the complex recovery process.

 

How can I claim surplus funds from a foreclosure or tax sale?

To claim surplus funds after a foreclosure or tax sale, you typically need to file a claim with the appropriate authority, such as the court or tax office. Surplus Refund Solutions can handle this process for you, ensuring you receive the funds you’re entitled to without the hassle of dealing with legal complexities.

 

How long does it take to recover surplus funds?

The surplus funds recovery process usually takes between 60 to 90 days, depending on the complexity of the case and the responsiveness of the relevant authorities. At Surplus Refund Solutions, we strive to expedite the process and keep you informed every step of the way.

Is there a time limit to claim surplus funds?

Yes, there is often a time limit, known as the statute of limitations, to claim surplus funds after a foreclosure or tax sale. This period can vary by state but is typically around one to five years. It’s important to act quickly to ensure you don’t miss out on recovering your funds.

 

Do I need a lawyer to recover surplus funds?

While you don’t necessarily need a lawyer to recover surplus funds, the process can be complex and time-consuming. Surplus Refund Solutions specializes in surplus funds recovery, handling all the legal paperwork and negotiations to make the process easier for you.

 

How much does it cost to recover surplus funds?

At Surplus Refund Solutions, we work on a contingency basis, which means you pay nothing upfront. Our fee is a percentage of the recovered funds, and you only pay if we successfully recover the money on your behalf.

Can I recover unclaimed funds from an old foreclosure?

Yes, it is possible to recover unclaimed funds from an old foreclosure, provided you are within the statute of limitations. Surplus Refund Solutions can help track down and recover these funds, even if considerable time has passed since the foreclosure.

 

How do I know if I have surplus funds waiting to be claimed?

To find out if you have surplus funds waiting to be claimed, you can check with your local court or tax office, or you can contact Surplus Refund Solutions. We offer a free consultation and will help determine if there are funds available for recovery.

 

Why should I choose Surplus Refund Solutions for surplus funds recovery?

Surplus Refund Solutions offers expertise, transparency, and a no-risk approach to surplus funds recovery. We handle all the legal work, keep you informed, and only charge a fee if we successfully recover funds for you. Our clients trust us to deliver results, and we pride ourselves on making the process as smooth and stress-free as possible.