SURPLUS FUND RECOVERY SERVICE
Most people don’t realize that when a home is foreclosed on, if it sells for more than what was owed, the extra money—called surplus funds—legally belongs to the former homeowner. The problem is, these funds often go unclaimed because the process to recover them is complicated and not widely advertised.
That’s where we come in. We handle the entire recovery process for you, ensuring you get the money you’re owed, without any upfront costs. We only get paid if we successfully recover your funds. There’s no risk to you at all.
UNDERSTANDING FORCLOSURE SUPLUS FUND
When a homeowner falls behind on mortgage payments, the lender can foreclose on the property and sell it to recover the loan balance. If the property sells for more than what is owed, the homeowner/borrower may be entitled to claim the extra money, known as foreclosure surplus funds, after other debts and liens are paid. However, if the sale doesn’t cover the debt, the lender may pursue the borrower for the remaining balance in some states. In the case of a surplus, borrowers should act quickly to claim the funds, as deadlines apply, and they may need to file paperwork, provide proof of ownership, or attend a hearing to recover what they’re owed.
LEGAL GUIDANCE IS PARAMOUNT
If your home is on the brink of foreclosure or has already been sold in a foreclosure sale, it is paramount to seek legal guidance. At Capital Research Asset Recovery , our attorney can navigate the complexities of the process, assist in claiming any surplus funds that might be due to you, and provide representation to protect your interests.
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LEGAL PERSPECTIVE
The allocation of surplus funds is governed by legal provisions like O.C.G.A. 48-4-5, which enumerates the hierarchy of claims and sequence of disbursements. According to this statute, surplus funds are distributed to interested parties per the priority of their respective claims on the property.
ASSERT YOUR RIGHT WITH US
Surplus funds represent a potential lifeline for homeowners navigating foreclosure. Understanding the intricacies of surplus funds empowers individuals to assert their rights and pursue avenues for financial recovery.
Capital research asset recovery Inc. is a trusted ally and advocate. We can provide invaluable insights and strategic counsel, guiding clients through the intricacies of the legal process
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Our Foreclosure Overage Recovery process:
We research to find out if there is an overage, we locate and contact you, if you agree for us to help you, we send you the necessary paperwork, you sign the paperwork, have it notarized and return to us, we submit the paperwork to our attorney for review and filing, the claim is filed, then we wait.
Once there are no issues, the funds are sent to the attorney who sends a check to you. The first step is to determine whether any surplus funds exist. Once we have completed our research, and determined that there is an overage available for you, the next step is to reach out to you and make you aware of the existence of these funds and what we can do to recover them on your behalf. If you agree to accept our help, we will collect the relevant paperwork and send this off to you for you to review, complete, sign and have notarized.
next we wait on your case to be processed. Our team we walk you through every stage of the process to ensure that you get what is owed to you
The process usually takes between 60 and 120 days from initial filing, longer if there are many complications. Once the matter is settled, a check is delivered to the attorney who will then forward your money to you minus our fee.
After you return the paperwork to us, we will forward them to our attorney who will examine them to ensure that they have been correctly completed and then file them with the relevant authority on your behalf.
Assisting families since 2018 take action today.
We serve all location of the United States and our home office is located in Atlanta GA
+1 (470) 216-6141
