Each government agency has different procedures and timelines. Depending on the agency and the type of claim it typically takes between 90-160 days to process a claim. 

Our Processing Department does all the research to locate any possible proceeds and then tracks down the rightful owner by using paid reports.

We do NOT charge anything upfront to our clients. We work on contingency basis and are ONLY paid after successfully recovering your funds.

In this case the funds would go to the next closest relative (or heir). This could be the co-owner or the spouse. If these persons are deceased, then it would go to children. If there were no children, then the funds would go to a sibling or executor of the estate.

When a property is sold at a foreclosure auction (sheriff’s sale) for an amount that is greater than the accrued balance of the mortgage loan or taxes owed, the difference between the amount the house was sold for exceeds the amount necessary to satisfy the debt, it is referred to as surplus money, excess funds & tax/mortgage overages

Typically, lien holders get access to surplus funds first, then the balance goes toward paying off the second mortgage and other fees, the owner would receive what is left over, if anything.

By law, the foreclosed owner must be notified of the sale or auction, so that they may have an opportunity to redeem their property. In most cases, the owner may have moved since the foreclosure and the notification may have been missed. Locating the owner is not their priority and multiple notifications are not sent.

Certain government entities are holding these funds, such as the sheriff’s office, and/or other state or local offices.

After the sale of the property, the redemption period is limited. The owner has 6 months or up to 5 years, depending on the state, to redeem those funds. After that time has passed, those overages can no longer be claimed and are kept by the government entity that are holding the funds, where it is used to their advantage.

The amount of the funds due to the owner can vary and funds may not be due on every property sold.

A claim would be considered uncollectable, if the time frame has exceeded the redemption period. Or if there are liens that have not been satisfied, also if the home is held up in probate court.

You would not have been contacted unless we have vetted your claim. Documents submitted must be notarized. We have certified notary publics, which will come directly to you at no cost to you. Documents should also be looked over by an attorney, in some cases, must be submitted by an attorney, therefore, we have attorneys in place, which can quicken the process time and get you your money faster.

A petition or proper documentation must be filed in the local circuit court or a demand may be made to the entity performing the sheriff’s sale. We will send a mobile notary to your home with the documents needed to collect you money for you to sign. Once all the documents are signed and notarized, we will submit the documents to the appropriate office. During this process, we will keep in contact with you to keep you abreast of what is happening. Then you just wait for your check to arrive.

Contact Overages Unclaimed LLC by phone or email and a representative will discuss your claim in more detail and send the paperwork out to you to be signed. Once we receive all the paperwork back, then we will put your claim package together and file it with the proper agency within 48 hours. We will keep you informed throughout the entire process until the money is in your hands.