Overage Recovery Solutions

Overage funds, also known as surplus or excess funds, in the context of a mortgage foreclosure, refers to the extra money derived from the foreclosure auction sale of a property that exceeds the amount owed on the home. 

Sold Price at Auction - All debts against home = Potential Overage Money

Unfortunately, many people are unaware of the existence of these potential funds, and there are processes in place through which they can claim this money. It is usually the responsibility of an overage recovery specialist to help the former homeowners reclaim these funds, navigating through legal procedures and documentation required.

 Overage recovery is a specialized service that assists individuals in claiming surplus or overage funds that are generated from the sale of their foreclosed property. 

We could easily say that 9/10 people (and that's being generous) have not heard of this process, because it was designed to be that way. Most people are unaware of overage funds because the topic doesn't get a lot of attention or discussion. 

When these funds are unclaimed, they eventually move to the state, and it's the state that earns interest on this money, not the original owner.  Furthermore, while the state might discourage the usage of third-party services to reclaim these funds, they seldom provide clear guidance or assistance on how individuals can undertake this process on their own and most people who tackle this on their own, give up. This lack of information and assistance can deter people from pursuing what's rightfully theirs.

That's where overage recovery specialists step in, helping to bring awareness and guidance on how to successfully claim these funds, aiming to bring a silver lining to homeowners in a challenging time.

Claiming funds may include navigating through complex legal channels and paperwork, which can be time-consuming, expensive and stressful. Hiring us ensures that you have a dedicated partner by your side who is well-versed with the nuances of the process, saving you time and potential mistakes. 

Additionally, we work directly with a law firm already. This saves you the time and hassle to find your own lawyer and also the costs of retaining one. While they play a crucial role, especially ensuring funds are securely and transparently managed through a trust account, they are not retained to provide you with legal advice. Their primary purpose is to facilitate the safety and integrity of the funds we're striving to recover for you. 

We operate on a contingency basis, which means we don't get paid unless you get paid. We never ask any money upfront and any costs during the process comes out of our pocket. Our primary goal is to help you reclaim any overage funds that might be rightfully yours. We bear all the risks, delving deep to uncover any potential funds even when their existence is not guaranteed.

Once we identify that there are funds to be claimed we will seek compensation. However, the charge depends on the amount being claimed.  Rest assured, our main objective is to put money back in your pocket, helping you to regain financial footing. Let's work together to see how we can make this happen for you.