Answers

When a property is sold at a tax auction, the amount of money paid by the winning bidder over and above the outstanding property taxes and interest and fees is considered excess proceeds that are rightly due to the previous owner who just had their property foreclose on them at the tax sale.

Example: A property that foreclosed because of unpaid taxes in the amount of $10,000.00 was sold at the County auction for $100,000.00 - this results in $90,000.00 in excess funds being available.

A typical Excess Proceeds claim process will take about 90-120 days. This can vary based on the specific County where the claim is filed. Different Counties are slower or faster than others. But expect 3-4 months.

The cost to hire us to help you get your money back will vary from State to State as each State has its own laws that regulate how much or how little a company like ours can charge. In New York for example we can only charge 15% of the money you are owed. 

So, for example, if you are owed $100,000.00 in Excess Proceeds, we would charge $15,000.00. There are other states where there really is no maximum, it is all negotiable between us and you. It is not uncommon to see 70/30, 60/40 splits.

While you absolutely can go about getting your Excess Proceeds by yourself it can be time consuming and pain staking. It is not as simple as calling the County Office and telling them to send a check to your address. There is a process with different forms to file, correspondence with the particular County, following their continued direction.

Many people find it beneficial to use a firm like ours that specializes in the Excess Proceeds claim process. We handle paperwork, deadlines, correspondence, navigating the complexities and pitfalls of the process, effectively taking the weight off your shoulders, saving you the headache.

We are not a law firm, rather our team though does consist of Real Estate Specialists and Real Estate Attorneys who know how to navigate this process of claiming Excess Proceeds.

You may have Excess Proceeds due to you. Try calling the local County where your property was located and foreclosed upon at the tax sale. 

We would be able to determine this for you, doing the legwork for you. If you reach out to us on our Contact page we will have enough information to make that determination.