Frequently Asked Questions

Q: Where did this surplus come from? 

A: A surplus comes about when your property is foreclosed on, and the bank that financed your loan is paid all of the outstanding balance to satisfy their judgement (s).  In most cases where your home value exceeds what is owed results in money left over, that the property owner is entitled to receive.  So a surplus comes about when the property sells for more than is owed, and this money is referred to as surplus funds.

Q: Why can’t I just get the surplus funds on my own?  

A: In  theory it is possible, however, foreclosure attorneys work for the  banks, and they are notoriously overzealous when filing foreclosure  lawsuits, and typically inflate the overall summary judgment amounts,  which are paid to the “the Bank” and miscellaneous creditors. When this  happens, it distorts the accounting based on unrelated outstanding liens  that may or may not be valid within the foreclosure lawsuit.   Navigating past these obstacles is very difficult. 

It  is best to hire our firm in order to maximize the results of your  overall return.  Collectively, our staff and attorney network exceed 75  years of real-estate experience.  Our clients’ cases are all filed  electronically, and go directly to the local court Civil Division, which will ensure faster response times for the initial appearance and  hearing. You should also consider you will not have to utilize valuable  paid time from work, since our attorney will appear on your behalf, in  turn saving you further additional time and money.  We utilize every  aspect of automation in order to insure that your checks are made  payable and delivered to you much more quickly than any of our industry  competitors.

Q: Why didn’t the bank or the County notify me that there were surplus funds available?  

A: After the banks and lien-holders collect their portion of the sale  proceeds, they really have no interest in the remaining surplus; so  basically, the surplus funds are kept in the County treasury where your  property is located until it is claimed.  The county will usually send  the previous owners one notice to inform them of the surplus funds  available, but that notice gets mailed to the address of the foreclosed  property.  So unless the homeowner left a forwarding address, in most  cases they will not even see the notice.  And if the County receives no  response, then the money will remain there for approximately two years,  then it would be marked as unclaimed, and would be forfeited by the  homeowner.  Also, the notice that the county sends out usually have the  same appearance as a foreclosure notice, and if the homeowner doesn’t  read it carefully, they might mistake it for something negative, instead  of positive.

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Q: How did you get my phone number?  

A: Our office works closely with the county courts for properties that  have been foreclosed upon in the States that we operate in which are,  Indiana, Ohio, Kentucky and Texas.  We use various skip tracing tools  which allow us to pin point valid phone numbers, addresses and etc. the  data is populated from old and recent credit reporting data and other  demographics designed to locate individuals. These methods are totally  legal, and resemble similar methods used by collection agencies. In some  cases we contact family members or close friends who may know how to  reach the individual we’re looking for.

Q: How much does your firm charge? 

A: There is a nominal service fee that our firm charges, however, it is  only paid after the funds are released to you by the judge. Our firm  absorbs all the legal costs, court filing fees and any registration  fees.  There are no up-front fees required of you whatsoever.  Also, our fees are substantially lower than other firms in the industry.

Q: How long will it take for me to receive my surplus funds? 

A: We have a very transparent and speedy process.  On average, our cases  are completed in 30 to 40 days depending upon the State. However, you can always reach a partner at our firm for an updates via phone or text.

Q: How can I be assured that your firm is not scamming me? 

A: Our business is incorporated and in good standing solid online  credentials and client testimony, with zero complaints. Our legal team  of attorneys are all licensed within their respective States, as well as  we are in good standing with the Secretary of State and the Better  Business Bureau. Our attorney information will be provided upon request  as well as listed on our general service agreements respectively.