Question 1

What are surplus funds from a tax deed foreclosure?

Accepted Answer

Surplus funds are the excess proceeds left over after a property is sold at a tax deed foreclosure auction for more than the amount of delinquent taxes owed. The previous owner is legally entitled to claim this overage.

Question 2

How do I claim surplus funds from a tax deed sale?

Accepted Answer

To claim surplus funds from a tax deed sale, you must file a claim with the county or agency that held the auction, provide proof of ownership and identity, and follow the jurisdiction's specific claim process. Viable Surplus Recovery assists with every step.

Question 3

What are mortgage foreclosure excess proceeds?

Accepted Answer

Mortgage foreclosure excess proceeds are funds remaining after a foreclosed property is sold for more than the outstanding mortgage balance. The former homeowner or other lienholders may be entitled to recover the overage.

Question 4

How long do you have to claim foreclosure overages?

Accepted Answer

The deadline to claim foreclosure overages varies by state and county, typically ranging from one to several years. If unclaimed, the funds may escheat to the state. Acting promptly maximizes your chance of recovery.

Question 5

Is surplus funds recovery legitimate?

Accepted Answer

Yes. Surplus funds recovery is a legitimate service that helps individuals claim money they are legally owed. Viable Surplus Recovery operates on a contingency basis, meaning you pay nothing unless we successfully recover your funds.

Question 6

How long does the surplus funds recovery process take?

Accepted Answer

The recovery timeline varies by jurisdiction and case complexity, but most claims are completed within 30 to 90 days from the time documentation is finalized.