
What are Surplus Funds?
Surplus funds, also known as excess funds, overages, or excess proceeds, are left over funds that may be claimed by a homeowner when a foreclosed property is sold at auction for more than what was owed in mortgage payments or property tax.
What are Surplus Funds?
Surplus funds, also known as excess funds, overages, or excess proceeds, are left over funds that may be claimed by a homeowner when a foreclosed property is sold at auction for more than what was owed in mortgage payments or property tax.
Maximum Payouts
We aren't greedy and we don't need half of what you are entitled to-- we believe in fairness and doing right by people.
Experience
Our team has over 10 years experience dealing with excess fund collection. We focus all areas in the state of Georgia.
Efficiency
We know you don't like to wait and we don't want you too! We move efficiently to avoid delays in retrieving your money.
Frequently Asked Questions
You can find most answers to your questions tight on this page.
Excess funds, also known as surplus funds, refer to money left over after a financial obligation has been satisfied. For example, in a foreclosure sale, if a property is sold for more than the outstanding mortgage balance and associated fees, the remaining amount is considered excess funds. These funds typically belong to the original property owner or other entitled parties, but they often go unclaimed due to lack of awareness or procedural complexities. Recovering excess funds requires understanding legal processes and timelines, making it beneficial to seek professional assistance in securing what’s rightfully yours.
The time it takes to recover excess funds can vary based on several factors, including the state’s laws, the complexity of the claim, and the responsiveness of the entities holding the funds. Typically, the process may take anywhere from a few weeks to several months if the case goes to litigation.
Yes, most states have a deadline for claiming surplus funds, which varies by jurisdiction. It’s essential to act promptly to avoid forfeiting your claim.
We only get paid if you get paid. The payment is contingent on if we successfully collect the funds. We pay for all the filing fees, meaning that you do not have to put out any money to start the proceeding. The fees vary, depending on the complexity of the case and our assessment of the likelihood of recovering the money.
You can check with the county or court that handled the foreclosure sale. Neighborhood Resource Center specializes in surplus funds recovery can also research and identify if you are entitled to these funds.
While you can claim surplus funds independently, the process can be complex, requiring legal knowledge and detailed documentation. Professionals simplify the process, ensuring your claim is filed correctly and efficiently.
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Testimonials
I’m so glad I worked with Neighborhood Resource Center. They were compassionate and thorough in helping me claim surplus funds I didn’t even know I had a right to. The entire process was smooth, and they stayed in constant communication. I highly recommend their services to anyone needing assistance!
Neighborhood Resource Center provided excellent service. Their team was knowledgeable and responsive, answering all my questions and keeping me informed throughout the process. I had given up hope of recovering anything after losing my property, but they made it happen. Thank you for turning a tough situation into something positive!
I had no idea surplus funds existed until Neighborhood Resource Center contacted me. Their team explained everything in simple terms and took the stress out of the process. I received my funds in just a few weeks! They’re a trustworthy and efficient group, and I can’t thank them enough for their support.
Working with Neighborhood Resource Center was a game-changer for me. After I lost my property in a tax sale, I had no idea I was entitled to surplus funds. The team walked me through the entire process with professionalism and care. I received the funds quickly, and their transparency gave me peace of mind. I highly recommend their services to anyone in a similar situation!
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SURPLUS FUNDS COLLECTION
Many individuals are unaware they may have unclaimed surplus or excess funds waiting for them, often arising from overpayments, foreclosure sales, or other financial transactions. Our surplus funds recovery services specialize in locating and collecting these funds on your behalf. With expert knowledge and a commitment to transparency, we simplify the process, ensuring you receive the money you’re entitled to. Let us help you unlock hidden resources and reclaim your financial freedom.