FAQ - Unclaimed Funds & Overages

A: Unclaimed funds are assets or money that have gone unclaimed by their rightful owners. This can include things like forgotten bank accounts, uncashed checks, unclaimed life insurance policies, and other financial assets. In many cases, unclaimed funds are turned over to the State and held in a designated fund until they are claimed by the rightful owner.

B: Surplus Funds and Excess Proceeds are the remaining profit after a foreclosure, whether you didn't pay your taxes or your mortgage. The County or Trustee can only keep what was due; any amount that is over that is legally due to the previous owner and heirs.

A: Unclaimed funds occur when money or property is left unclaimed by its rightful owner. This can happen in a variety of ways such as:

• Bank accounts: If a bank account has been inactive for a certain period of time, the bank may consider the account to be unclaimed and turn it over to the State as unclaimed property.
  Insurance policies: If a policyholder dies and their beneficiaries do not file a claim for their benefits, the death benefit from their insurance policy may become unclaimed funds.
• 
  Stocks and dividends: If a stockholder does not cash in their dividend checks or claim their stock, it may become unclaimed property.
• 
  Utility deposits: If a utility customer moves without notifying the utility company and leaving behind a deposit, it may become unclaimed funds.
• 
  Payroll checks: If an employee does not cash their payroll check or does not pick up their final paycheck, it may become unclaimed funds.

These are just a few examples, but there are many other ways that unclaimed funds can occur. The important thing to remember is that these funds belong to the rightful owner and can be claimed at any time.

It varies from state to state, some counties require you to wait a mandatory 120 days from the time of auction and surplus notification to disperse funds. Others may take up to 6 months, but every case is different from each other and it varies from case to case. Some can take 30 days while some may take up to a year like in some counties of CA.

We work on a contingency basis. That means we only get paid when you get paid. We will cover all of the costs during the process including but not limited to filing fees, court costs, attorney fees, notaries, and postage up front so you will never have to be out of pocket and you will get the full share agreed upon when the check is issued.

Our highly-experienced research team finds these stale accounts in thousands of different places. CONTACT US to find out which is specific to you.

Our process involves a detailed search and verification of records to identify unclaimed funds. Once we confirm eligibility, we assist you in filing the necessary claims.

1. INITIAL ASSESSMENT - We begin by conducting a free assessment to determine if you have unclaimed funds or surplus available. Our team researches public records to identify eligible individuals and properties.
2. DOCUMENTATION & CLAIM PREP - Once we confirm eligibility, we gather the necessary legal documents and prepare your claim. Our experienced professionals handle all the paperwork, ensuring it complies with local laws and requirements.
3. SUBMISSION & FOLLOW-UP - Once the required docs are signed and notarized by you and our agreements are signed, we submit the claim on your behalf to the appropriate authorities. We handle all communication and follow-ups, keeping you informed of the progress every step of the way.
4. RECOVERY & DISBURSEMENT - After the claim is approved, we ensure you receive your funds as quickly as possible. We work with you to secure your funds and ensure they are properly disbursed.

Our firm takes pride in conducting thorough and accurate research to ascertain who is entitled to excess proceeds after foreclosure. We go straight to the source, acquiring court records directly from the county. This data, derived from the most reliable and official records, provides a clear and unambiguous picture of rightful ownership. Our team of legal professionals carefully scrutinizes these documents to establish an ironclad claim for our clients. This meticulous attention to detail, backed by an unwavering commitment to our clients' rights, ensures that the rightful owners receive the funds they are due. Trust us to navigate this intricate process with the utmost precision and integrity.