What Are Surplus Funds?
Surplus Funds are proceeds generated from the sale of your home at a sheriff's sale or foreclosure auction*. 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.
What Are Surplus Recovery Agents?
What Are Surplus Recovery Agents? Surplus recovery specialists work closely with foreclosure attorneys to assist clients going through a home foreclosure. When you hire our team, our focus is on helping you recover your surplus funds or excess equity.
What Are Surplus, Overage and Excess Funds?
Surplus funds, also referred to as overage or excess funds, are the funds remaining after a mortgage is paid through the final judgment of a foreclosure auction or tax sale.
FAQ's:
Q: What are surplus funds?
A: Surplus funds are funds left over after a foreclosed listing is sold for more than what is owed on the mortgage property tax.
Q: Why do I need to work with a recovery agency?
A: Working with surplus recovery experts will help you understand your rights and the amount you’re entitled to. Our specialists can also provide thorough legal assistance and guide you through the foreclosure process step by step.
Q: Who does your agency serve?
A: Max Tax Refund + proudly offers complete foreclosure assistance for all clients in the United States.
Q: Why should I work with your agency?
A: We only employ highly trained and qualified surplus recovery specialists who are familiar with foreclosure law. Because foreclosure law is complicated, it’s important to work with experienced professionals. We can help you avoid costly mistakes and speed up the foreclosure process by providing foreclosure auditing services, professional legal assistance, and claims assistance.
Q: How much money can I get?
A: The foreclosure process is different for every individual. When you consult with us, our surplus recovery specialists will always be straightforward and honest about what to expect at every stage of the process.
Q: Why do I need auditing services?
A: Auditing is crucial in determining the amount of money owed to you. Our surplus recovery specialists perform in-depth research to find unclaimed funds held by trustees or government agencies.
Q: What types of unclaimed funds are there?
A: Unclaimed funds, also known as unclaimed property, may include:
- Tax Refunds
- Escrow
- FHA Mortgage Insurance
- Over-payments
- Certificates of Deposit
- Heir Estates
- Deed & Tax Sales
- Bankruptcy