FAQ
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A tax deed surplus refers to the excess amount of money that is generated when a property is sold at a tax deed auction for more than the amount owed in back taxes, penalties, and fees. The original property owner, or sometimes other lienholders, may be entitled to claim this surplus money, as it is technically their funds. They must file a claim to receive it, though there are often legal requirements and deadlines to meet in order to access these funds.
A foreclosure surplus is similar to a tax deed surplus, but it pertains to properties that are sold through a foreclosure auction due to unpaid mortgage loans, rather than unpaid property taxes. A foreclosure surplus is the extra money remaining after a foreclosed property is sold at auction for more than the debt owed to the lender and any associated costs. If there is a surplus, the former homeowner or other claimants may be able to recover it.
Our services are based on a contingency model, meaning there are no upfront costs or payments required from you. We only get paid if we successfully recover a surplus for you, and our fee comes directly from the surplus amount, with majority of the surplus going to you. If no recovery is made, you won’t owe anything.
No, you do not need an attorney. We work with our own attorneys to assist with the surplus collection process, so you can leave all the legal aspects to us.