Frequently Asked Questions
Surplus Funds are proceeds generated from the sale of your home at a sheriff’s sale*. If your home is sold for more than what you owe on your mortgage and for taxes, you may be entitled to Surplus Funds, which in some cases could total thousands of dollars.
There are many ways citizens lose track of their funds. The most common is moving. Americans move with regularity. When you place a Change of Address with the US Post Office it is good for 12 months. Many of the assets people lose track of are held, according to government laws, for up to 5 years before being deemed lost or abandoned. Corporate America is required to make an attempt to locate you but generally will send correspondence to your last known address, which could be years old
Surplus Funds are proceeds generated from the sale of your home at a sheriff’s sale*. If your home is sold for more than what you owe on your mortgage and for taxes, you may be entitled to Surplus Funds, which in some cases could total thousands of dollars.
Foreclosure Surplus Specialists is an organization that specializes in finding and recovering lost assets. Some of the sources of money that we locate are from Tax and Mortgage Foreclosure auctions, States Unclaimed Surplus Funds. We research the information and then contact the rightful owners to help them get their Funds back for themselves!
For example, in the case of real estate that was owned, Properties are sold either at foreclosure or tax sale auction. Many times the amount owed to lien holder or creditors gets overpaid to the government and they take it if no one claims it. In cases of Bankruptcy, an old discharged bankruptcy can sometimes yield funds. There are many more sources. We would be more than happy to explain where your funds were generated from.
We know how much the claim is but need your approval to pinpoint the exact location of those funds within the government agency. Once you sign, we will complete the drill down process to identify the unclaimed fund account and immediately file to get it released on your behalf.
We work on a contingency basis and are only paid a minor percentage when and if we successfully recover the funds for you. Once you sign our contingency fee agreement, we’ll cover all the costs of retrieving those funds on your behalf including but not limited to Attorney’s fees, filing fees, court costs etc. We do this every day and NEVER charge you a penny out of pocket to get you your money.
The governmental agencies we audit typically DO NOT post these unclaimed funds accounts online. You are welcome to search state unclaimed funds websites, but if you find funds there, these are not the funds we’re informing you about.
Each Government agency, Bank or Private organization handles the claims process differently. Depending on the local rules of law and the type of claim it may take as soon as 10 days or 30-90 days on average from the filing date. Some cases may take more time; however, we typically see payments within 90 days.
Contact us by phone or email with your situation and one of our helpful and friendly associates will immediately help you with your claim. Once you sign — we get to work! We will keep you informed throughout the process, from submission to follow-up to the official release of funds. Transparency and trust is how we operate.
NO. The concept of lost or forgotten funds or assets has been around for a long time. The federal, state and local governments as well as private banks, HOA’s and others hold over a staggering $50 Billion Dollars in unclaimed funds. Yes, that’s where we come in. We do not charge you any money upfront for our services. We work on a contingency basis and are only paid when and if we successfully recover the funds for you. WE WILL NEVER ASK YOU FOR ANY PAYMENT INFORMATION.
We locate people for a living. Our staff has many years of experience in private investigations and insurance adjusting. In your case, we simply matched a last known address and a current address.
