Surplus funds are created when a foreclosed home sells for more than the taxes owed at a tax auction sale, Minus whatever liens you had against the property if any
1. Example: If you lost your home for back taxes or missed the redemption period due to a lien, let's say you owed $5000 in back taxes and your home sold for $50,000 you would have a claim for $45,000 the state/county only takes the taxes owed to them.
2. The county did try to reach you by notice, but since you were foreclosed on you were already moved out of the previous address on file, thus not knowing you were entitled to funds.
3. However mortgage foreclosure is a different process from a tax deed sale. Mortgage Foreclosure is when the defendant(previous owner) falls behind on their mortgage payment and a lawsuit is filed in the court through a trustee or HOA, it usually creates a surplus, just dealing with the courts and can get lengthy
1. At GreatNessAwaits Research & Recovery we will perform the necessary research to file the claim on your behalf.
2. We Handle all the legal work, and pay for any fees associated with filing your claim, all you have to do is fill out a few forms for identity purposes there is no upfront cost to you we handle all fees.
3. We don't get paid unless your claim is successful as outlined in our agreement form. We work on contingency any money that is recovered will come from the recovered funds and in the event we cannot recover the surplus you owe us nothing, so you can feel at ease and let the professionals handle the hard stuff for quick payouts