Tax Deed and Tax Lien
In the event of non-paid taxes, the county holds an auction to obtain what was unpaid. The opening bid is the amount that is due, and these properties can sale for a higher amount. Any profits remaining are due to the previous owner or their heirs if they're deceased. These funds are known as surplus funds, or excess proceeds.
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 on 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 We 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, to the trustee and ongoing Follow-up. We handle the entire filling process fast, easy hassle-free funding process. We ensure the legal path. We have attorneys in every state to get your claim submitted successfully.
The beauty of working with our firm is that we charge No Upfront Fees and take care of all filing costs for each claim.