Frequently Asked Questions

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Surplus funds are a result of foreclosure auctions where you, the homeowner, owe less than what the home is sold for.

For example, you owe the mortgage company $100,000 for your home and it sells at auction for $150,000. This sell created a surplus of $50,000. However, other fees and liens against your home can lessen this amount .

If the funds are not claimed by you, within the timeframe set by the state, they are deposited into the state treasury... never to be seen again.

It depends on the complexity of your case, other liens on your home, and any other creditor that believes they are owed a stake of your equity.

Typically it takes between 60-120 days to process a claim. We don't set this schedule, the entity holding your money does. We work as quickly as possible to identify the amount due to you and will notify you if a refund is available sooner.

We NEVER ask you for any money up front. We only receive our fee out of your surplus funds. And, at no time do we have your money in our hands. Our check comes from the attorney that we hired... they write us the check for our fees out of your proceeds and send your money to you.*

*if you prefer, we can schedule a time to meet to personally and hand off your check to you.