TAX & MORTGAGE FORECLOSURE REFUNDS
What happens after a foreclosure?
When a tax deed or mortgage foreclosure occurs, the county will hold a foreclosure auction for your property. The auction's opening bid will be for the amount of taxes or mortgage that is owed.
But, did you know many homeowners are entitled to foreclosure refunds in the form of cash from their foreclosed property after the foreclosure auction? Generally, properties sell at a higher amount than the opening bid, so any profit is awarded to the previous owner, by law.
After the auction, the county notifies the previous property owner that their funds are available via a surplus notification letter, but if the previous owner has moved or relocated due to the foreclosure, they are not aware of the funds.
That's where Recovery Solutions comes in! Our team will figure out whether you have funds waiting to be claimed, file the paperwork and take all the necessary steps to recover them - all at no upfront cost to you!
What are unclaimed state funds?
Believe it or not, unclaimed state funds are forgotten money. When bank accounts, safety deposit boxes, uncashed checks, money orders, insurance policies, stocks, bonds, mutual funds, trust funds, royalties, and escrow accounts go unclaimed, they end up in the state's treasury.
We work directly with the state to claim and recover these for you, with no upfront fees!