At Advocate Claims Solutions, we remove the stress and confusion of navigating the complex surplus funds process. Many people feel overwhelmed by complicated paperwork, strict deadlines, and varying county rules. We handle it all, giving you peace of mind.
Your questions, answered
We understand that recovering surplus or unclaimed funds can raise many questions. Below you will find answers to the most common questions and how the proces works, what it cost, and what to expect when working with ACS
Frequently asked questions
Surplus funds (also called excess proceeds or overage funds) are the extra money left over after a forclosur or tax sale of a property -- after all debts, liens and cost have been paid,. The money belongs to the former propery owner or their legal heirs.
What are Surplus Funds?
Surplus funds is the extra money left over when a home is sold at auction for more that what was owed in back taxes or mortgage payments.
When a property foreclosed on or sold at a tax sale, the bank or county only takes what they are owed to pay off the debt and legal fees. Anything left over from the final sales price is what is owed to the property owner at the time of the sale.
How can Advocate Claims Solutions help me claim these funds?
We research the records, prepare the required documentation, and submit the legal claim on your behalf. We follow up with the appropriate county, court, trustee until your clam is resolved -- so you don't have to navigate the process on your own.
Do I have to pay anything up front?
No, We work on a contingency basis. That means you pay only if we successfully recover your funds. There are no upfront fees or hidden charges.
How long does the process take?
Each county's timeline can vary, but most surplus fund claims take a few weeks to several months to complete, depending on local processing times and case complexity. We keep you informed every step of the way.
How do I know if I'm eligible to claim surplus funds?
You may be eligible if you or your family owned a property that was sold in a foreclosure or tax sale and the sale price exceeded the debt owed. We help verify this by researching public records on your behalf.
What if there are creditors or liens against the property?
Surplus funds are first used to satisfy any valid lien or creditor with priority. If there are leftover funds after all the leinholders are paid, the remaining amount is then legally owed to the former owner or heir.
Can heirs claim surplus funds?
Yes. Surplus funds can be claimed by legal heirs if the originl owner is deceased. We can help guide you through the documentation needed for heir claims.
Can I file the surplus claim myself?
Yes, you can file a claim independently. However, the process involves strict deadlines, legal paperwork, and communication with county officials and the courts. Working with a professional can help ensure accuracy and reduce potential delays. We also offer a one-time fee option for do-it-yourself filers. The form can be found on the contact us page.
The Advocate Claims Solutions way, We know surplus funds recovery can feel complicated. Below are the most common questions received-- explained clearly so you can feel confident moving forward.
At Advocate Claims Solutions, we make recovering your surplus funds simple and stress-free. We handle the complexities, so you can focus on what matters most. With our clear, transparent process, you can confidently claim the money you’re owed from tax sales and foreclosures.