Frequently Asked Questions

A Overage funds, also known as excess funds, are the surplus proceeds generated from a property sale, often through foreclosure auctions, tax sales, or probate proceedings, that exceed the amount owed to the creditor or taxing authority. They occur when competitive bidding or rising property values lead to a higher sale price than the outstanding debt, resulting in unclaimed funds. dd an answer to this item.

To determine if you have unclaimed overage funds, you can start by checking public records or contacting the county or state treasurer's office. However, the process can be complex, and many overage funds go unclaimed because individuals are unaware of their entitlement. Working with an overage recovery specialist or firm is often the most efficient way to identify and recover these funds.

The overage recovery process involves several steps, including identifying potential overage funds, conducting legal research, filing claims, and ensuring compliance with relevant laws. Overage recovery specialists typically work on a contingency basis, meaning they only receive compensation if they successfully recover funds for you. This means there are no upfront costs, and their fees are typically a percentage of the funds recovered, making it a low-risk option for individuals seeking to reclaim their funds.