What are surplus funds?
Every year billions of funds go unclaimed in America. It is estimated that about one in 10, people have or had surplus funds due to them. This is because the county, mortgage company, and trustee cannot contact the payee. These funds can come from tax deed sales and property foreclosure. Once the is an overage in the bidding sale, the funds' first pay for any county liens. Then any government/ utility lien holder(s) will submit a claim. The excess funds can then be claimed by any other interested parties to the property. Many taxpayers are unaware of the surplus funds. As a result, these surplus funds can eventually be absolved or escheated by the county. Escheat means after a prolonged period, the government has the right to take estate assets or unclaimed property in the event the funds or unclaimed by the owner or their heirs or if the asset goes unclaimed.
Reclaimed Asset Solution works to bridge the gap between you and your funds.
We are here to help you!
After a tax deed or a foreclosure sale many times there are excess funds from the proceedings which are as known as surplus, overbid funds, and tax overages. The previous owner, heirs, and lien holders are entitled to these funds. The process of claiming these funds can be very cumbersome and the claimant with incurring fees in the process. We are here to help you!
At Reclaimed Asset Solution, LLC we are a group of licensed professionals that utilize our expertise to reunite you with surplus funds resulting from Tax Deed sales or mortgage foreclosures. Due to the fact that there is no centralized government information service or database on how to obtain surplus funds, the process can be lengthy and overwhelming. We work directly with the county to make the process an easy, seamless, and efficient experience for our clients.
All at no upfront cost to you!
Successful Payout
Our dedicated efforts and expertise maximize the chances of a successful payout. Once the surplus funds are disbursed by the government agency, we receive our contingency fee, as previously agreed upon with the client, and a cashier’s check is sent to the rightful owner or heirs.