Surplus funds can also be referred to as an “overage”, or “excess funds”. When a property goes into foreclosure, it sells at auction. The foreclosure may be an association foreclosure, a mortgage foreclosure, or a tax-deed foreclosure for example. In any case, when the property sells, it often times will sell for more than the amount for which it was being foreclosed on. These excess funds are called a “surplus”, and these excess funds belong to the original home-owner, or heirs to the original
Here at Hudson Discovery Group we pride ourselves in helping you get what is rightfully owed to you as fast and as easy as possible. We provide you with these services at no up-front cost to you and work strictly on a contingency basis. In other words, it is only once we have recovered your money for you that we charge a small fee for our services. All of the attorney’s fees and related expenses are completely covered by us and in the rare case that we are unable to recover your fund there will
Our surplus recovery specialists perform in-depth research to audit financial records of government agencies and large companies to find unclaimed funds held by trustees or government agencies.
Due to state and federal laws, there are deadlines prior to which a claim must be made. Otherwise, the money can no longer be claimed. Realizing that “time is of the essence,” we pledge to our clients that we will process their claim in a professional, efficient and timely manner … keeping them informed as we make progress. We are committed to seeing that financial justice is served for our clients. We encourage you to put our knowledge, experience, skills and expertise to work for you today!
The actual processing time may vary depending upon the complexity of your case, as well as state and local legal requirements. A general time line is 2-3 months.
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