ASSET RECOVERY
We are here to assist you!
If you’ve recently gone through a tax deed or mortgage foreclosure, you may be owed a substantial amount of money from the county.
Understanding How You May Be Owed Money From Your Foreclosure
Understanding What Happens After A Foreclosure
In the event of a tax deed or mortgage foreclosure, the county holds a foreclosure auction on your property due to unpaid taxes or mortgage. The opening bid at this auction is for the amount of taxes or mortgage that is owed.
ATTENTION: What most people do not know is that foreclosed properties often sell for an amount that is higher than the opening bid and any profit remaining, according to real estate and tax law, is legally due to the previous owner.
The county sends out surplus notification letters, but most of the time it’s to the last address on record, which was the foreclosed property, so as the previous owner, you are never informed.
What we do at True Wealth Solutions is step in and assist you in filing this claim. We work directly with the county and we know the system inside and out, so we can assist you in efficiently recovering your funds.
The beauty of working with us is that we charge NO upfront fees. We get paid a finder’s fee upon a successful recovery of your funds. You bear no risk at all. If for any reason we aren’t able to recover your funds, you don’t pay anything.
State Funds
Unclaimed state funds are forgotten money from individuals. Surprisingly, many people have unclaimed funds that are due to them. When bank accounts, safety deposit boxes, money orders, uncashed checks, insurance policies, stocks, bonds, mutual funds, royalties, trust funds, and escrow accounts go unclaimed, they end up in the state’s treasury. These institutions are required to do an annual report to the state’s treasury and after a few years of failed contact, they turn these funds over to the state.
We work directly with the state to assist you in filing the claim to recover your funds.
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WHAT HAPPENS AFTER FORECLOSURE?
PROFITS REMAINING ARE ENTITLED TO YOU
In the event of non-paid taxes or mortgage foreclosure, the county holds an auction to obtain what was unpaid. The opening bid is the amount that is due and these properties can sell for a higher amount. Any profits remaining are due to the previous owner or their heirs if they're deceased. These funds are known as surplus funds or excess proceeds.
