Are You Entitled to Surplus Funds Also Known as an “Overage?”
? If you’re here, it’s because one of our team members reached out to you about “surplus funds” or an “overage” you’re likely entitled to as an heir. And if you’re like most of our clients… You’re probably pretty skeptical about the whole thing. ?
Your skepticism is healthy...
Here are a few of the most common reasons for it: ? #1 You look at a website like Zillow or Redfin and don’t see that the home has sold. ? #2 You have a hard time believing someone could be entitled to money from a home that was lost to foreclosure (especially if there’s no will). ? #3 Why would someone you don’t know be offering to help you? Is this a scam?
We understand how challenging it is to lose your own or a loved one's home...
Maybe you wanted to keep the home, but it wasn’t possible to pay the mortgage in addition to keeping up with your own living expenses. Or, on the other end, maybe the family member who passed away caused pain for you, so you didn’t want anything to do with the property… All of those are valid reasons why you ignored dozens of investors who tried to buy your home for pennies on the dollar before it went to foreclosure.
You were smart not to sell.
Most people don’t know this, but when a property sells at a foreclosure auction for more than what’s owed to the bank, it creates surplus funds/overages. If the former owner isn’t living, their heirs are usually entitled to the money.
That's why we exist
? We help the heirs of former owners recover the funds for no out-of-pocket expense or risk to them. ? We work on a contingency basis, only getting a percentage of what’s recovered IF we are successful. ??? Further, we'll work with your home state law firm and will actually pay the associated attorney fees.
If for whatever reason we don’t recover funds, you pay us nothing.
We are the ones risking our resources to pursue this on your behalf.
If you’re still skeptical, read below ?
#1 Most foreclosure auction results don’t show up publicly, that’s why you probably won’t find them on a site like Zillow. We can provide the amount your property sold for along with additional documentation upon request. #2 Heirs are legally entitled to these funds (even when there’s no will) because of what’s called “Intestate Succession” laws. Feel free to do your own research. (Doesn’t it make sense that heirs would be entitled to equity in the home once other debts are paid?) #3 We offer to help you because it’s a win/win. You get the money you’re entitled to without risk, while we get compensated for our time, expertise, and connections so that you don’t have to deal with an often overwhelming, complex process.
One more thing...
You would think the entity holding these funds would make the money easy to get, but the reality is that most don’t. The state gets to keep the funds if not claimed in a certain period of time, so there’s no real incentive for them to contact you and make it easy. ⚠️ Since every case is unique, we don’t take on every recovery. ? Please fill out the questionnaire below so we can determine if we can take on your case. (We typically limit our workload to 10 cases per month to ensure your case gets the proper attention it deserves.)
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