Services Provided

 

Initial Consultation and Assessment

Initial Assessment:

  • Evaluate the potential for excess funds recovery.
  • Determine eligibility of the client to claim the funds.
  • Review any preliminary documentation provided by the client.

 

Documentation and Research

Document Gathering:

  • Collect all necessary documentation needed to file a claim, such as proof of identity, proof of ownership, and records of the foreclosure or tax sale.

Obtain additional documentation from courts or other entities if required.

Title Search and Lien Verification:

  • Conduct a thorough title search to identify any liens or other claims on the property.
  • Verify the priority and validity of any liens to ensure proper disbursement of funds.
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Claim Preparation and Filing

Preparation of Claim Forms:

  • Complete all necessary claim forms accurately and completely.
  • Ensure all required information and supporting documents requested by the county.

Filing the Claim:

  • Submit the completed claim forms to the appropriate authority, such as the court or county office.
  • Handle all correspondence and follow-up related to the claim submission.

 

Communication and Follow-Up

Communication with Authorities:

  • Liaise with the relevant authorities (courts, tax offices, etc.) to ensure the claim is processed smoothly.
  • Address any requests for additional information or documentation.

Regular Updates:

  • Provide the client with regular updates on the status of the claim.
  • Notify the client of any issues or additional steps required.

 

Legal Assistance

Legal Representation:

  • Offer legal representation if disputes arise or if there are competing claims for the excess funds.
  • Handle any appeals if the initial claim is denied.
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Disbursement of Funds

Fund Recovery and Disbursement:

  • Ensure the recovered funds are disbursed to the client in a timely manner.
  • Handle any necessary paperwork or processes to transfer the funds to the client.

Unclaimed Property Recovery:

  • Assist clients in recovering unclaimed funds that may have been transferred to the state.

  • Navigate the state’s unclaimed property processes to reclaim these funds.

 

Fee Structure

Contingency Fees:

  • Most recovery companies work on a contingency fee basis, meaning they only get paid if the claim is successful.

  • The fee is typically 25 to 40 percent of the recovered funds, agreed upon before starting the recovery process.