We Work Directly With The County!
We audit the county and gather the proper documents to file a successful claim. We have a dedicated team of researchers and private investigators that look for the rightful person. We perform extensive searches through thousands of government records and receive a list from them which helps us to identify people entitled to these funds. We Also, perform title searches to look for any liens or encumbrances of a property that need to be consider before submitting a claim to the county. Furthermore, we verify the available surplus funds with the county, prepare of legal documents, notarization, take care of motions and submit your claim to the court and to the trustee with ongoing follow ups for a successful claim.
The beauty of working with our firm is that we charge No Upfront Fees and take care of all filing costs for each claim.
Unclaimed Surplus Funds
Surplus funds are legitimate! When a home is sold at a foreclosure auction by the county for more than what was owed in back taxes or mortgage payments. First pay for the delinquent taxes and the costs of bringing the property to auction. Also, the funds remaining of a tax overbid auction. Any overbid surplus funds over the opening bid amount is placed with the Clerk and Comptroller and subject to a registry fee.
Surprisingly, the Clerk of Court is supposed to notify you by certified mail if there is an excess of money from the sale to which you may be entitled to the last known address for those people that lost their property. The county sends out surplus notification letters, but most of the time it’s to the last address on record so you are never informed.
What most people do not know is that if these properties sell for an amount that is higher than the opening bid any profit remaining is due to the previous owner. In most cases the county keeps the overbid money if the property owner does not claim it in time.
It is state law that the county holds these funds until someone submits a claim within a 120-day period. If these funds are not claimed the County Gets To Keep It Permanently.
Here Is Where Our Expertise Comes In!
At Overbid Asset Recovery our expertise is in locating individuals who may be entitled to unclaimed funds. Our dedicated team of researchers and investigators audit the county and perform extensive searches through thousands of governments records We do Title Search and liens check on the property of interest, verify the available surplus funds, preparation of legal documents, notarization, take care of motions, and submit your claim to the court and to the trustee. Ongoing Follow-up. We ensure the legal path. We have attorneys in every state to get your claim submitted successfully.