FAQs
FAQs
Our core mission is to locate and empower you to get your money back fast!
If a foreclosure sale results in excess proceeds, the lender doesn’t get to keep that money. The lender is entitled to an amount that’s sufficient to pay off the outstanding balance of the loan plus the costs associated with the foreclosure and sale—but no more.
Example. Kelly and Rob go through a foreclosure. At the foreclosure sale, their home sells for $350,000. The loan balance that they owed to the foreclosing lender at the time of the auction was $325,000. So, the sale resulted in excess proceeds of $25,000. The property was also subject to a second mortgage in the amount of $15,000 and a judgment lien for $5,000 due to unpaid credit card debt. In this situation, $325,000 goes to the foreclosing lender, $15,000 goes to the second mortgage holder, $5,000 to the judgment creditor, and $5,000 to Kelly and Rob.
Most Counties make a minimal effort to notify the property owners. The most common method is by sending a First-Class letter to the address where the previous owner may no longer live. If you lose your property in a tax sale it usually means there are a lot of financial problems (medical bills, illness, job loss, etc.) Usually due to not receiving the notification from the county and having moved to a new home with a change of address, the previous owner does not receive the notification and doesn't know they are owed this money.
Unclaimed properties are financial assets that have been left inactive by its owner for a period of time specified by law. aCurrently, according to the National Association of Unclaimed Property Administration (NAUPA), about 1 in 10 individuals have unclaimed funds that has amounted to over $14 billion in the Government’s possession. These funds are generated from various departments, agencies, and bureaus, foreclosures, tax overpayments, etc. Unfortunately, most people are unaware that such funds are forfeited permanently if left unclaimed over a given period of time as determined by a specific jurisdiction. Hence, we advise such individuals to act as quickly as possible
The honest answer is it depends: the timeline varies from departments or jurisdiction. However, providing the necessary documentation for disbursement of a claim in a timely fashion will certainly accelerate the claims submission and approval process. On average, the timeline could take about 30 to 120 days to go through the process from start to finish.
Yes, you can absolutely! Of course, you can absolutely do all the work, research, filing, attorney fees, claims, and pay all costs yourself. Moreover, there are countless piles of government records that our researchers have to sort through to identify people who may be owed money. Keep in mind that it may cost you more financially, or even in the time and energy invested. Therefore, it would be your decision to make on whether to do it yourself, or you allow us do the work for you without any upfront cost to you.
A couple of reasons:
There’s NO upfront cost to our clients. Therefore, we take on all the risks that come with any attempt of filing claims especially when a claim is denied. In such instances, we incur 100% of the cost involved in doing research and other moving parts of the process. Our mission is to restore your wealth by empowering you to recover your foreclosure refund funds.
We provide an all round win-win scenario for our clients. As earlier stated, there are NO upfront charges to get to work. So, you get the privilege to focus on other aspects of life while our team gets to do all the work while you get to reap the benefits of our labor. We only charge a percentage of an overall amount AFTER a claim has been approved, which serves as our incentive to work diligently to get desired results. Reach out to us if you need further clarification, and let’s discuss the opportunities available to you!
