Frequently Asked Questions

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Overage Claims Consultant offers a wide range of Services from identification of funds to claim retrieval, we have it all for you under one platform so you don't have to contact a whole bunch of people for your work and pay everyone upfront .

Our foreclosure company specializes in foreclosure excess proceeds surplus funds recovery services we can be generated from a tax or mortgage foreclosure auction. We assist homeowners who have experienced foreclosure in reclaiming any surplus funds or overage funds that may be available after the foreclosure sale. 

Surplus funds, also referred to as overage funds or excess funds,  are the remaining proceeds from a foreclosure sale that exceed the amount needed to satisfy the outstanding debt, including the mortgage, fees, and costs. These funds can sometimes be claimed by the former homeowner or other parties with legal rights to the surplus.  

If an owner does not pay their property taxes for a single year or more, the county has the right after two years from the year of the unpaid bill to place the property up for auction in a tax deed sale. 

If your home is foreclosed and you still owe funds, such as the remaining mortgage balance or additional fees, you may be responsible for paying those debts but it is not mandatory to be paid from the surplus generated from the sale in most cases. Depending on the circumstances, the lender may pursue legal actions to recover the remaining debt so you should Call us Now to start the recovery process as soon as possible.

The foreclosure process duration can vary depending on several  factors,  including state laws, the complexity of the case, and the specific circumstances of the foreclosure. It can typically range from a few months to over a year. Lets get your claim rolling!  

While it is possible to claim surplus funds on your own, the process can be complex and time-consuming. Enlisting the assistance of surplus fund recovery experts, like Us, can significantly increase your chances of a successful recovery.

 There are millions of people owed billions of dollars. The  unclaimed property offices holding this money has limited staff. They  can only do certain amount of work. They also get paid the same amount  no matter how many people they can find. There is no extra incentive to  find you. As thousands of new accounts are added every week, chances are  that the unclaimed property office will never contact you. On the other  hand, we only get paid if we get your money back. We have more  incentive to find people and contact them than the unclaimed property  office does. 

You may be entitled to these funds if your property was sold at auction and the sale generated more money than needed to cover outstanding debts or taxes. 

unclaimed funds are turned over to the State and held in a designated fund until they are claimed by the rightful owner but it is for a limited time after which they escheat the funds to treasury, The County or Trustee can only keep what was due; any amount that is over that is legally due to the previous owner and heirs or if not claimed then state treasury.

We only get paid once we are successful in retrieval of funds & we charge a percentage of that retrieved surplus as agreed in contract with you. All costs in the process are paid by us out of that percentage. There are no out of pocket costs to our clients & we charge the lowest contingency fee in the market.

To get started with our foreclosure recovery services, simply contact our company and speak with our knowledgeable team. We will assess your situation,  discuss the details of your foreclosure case, and guide you through the  process of recovering any available surplus funds.  

It varies state to state, some counties requires to wait a mandatory 120 days from time of auction and surplus notification to disperse funds, others may take upto 6 months, every case is different from each other so The timeline for surplus fund recovery can vary based on the specific circumstances of your case. While some cases may resolve relatively quickly, others may take more time due to legal processes and negotiations.