RAP2 Recovery Solutions
Our company can recover funds nationwide. There are a few states that don’t allow surplus funds recovery, however, most states have a window to reclaim funds
What are surplus funds?
Surplus funds are what is left over after a tax foreclosure or mortgage foreclosure sale. If the winning bid is higher than what is owed, these excess funds are then held. In most cases, the former owner may claim a portion of these funds. The process for claiming these funds varies from one county to the next so it is extremely important to check local laws and regulations when filing a claim. All too often, funds go unclaimed. The main reasons being improper paperwork, didn’t know a refund existed, and didn’t file within the allotted timeframe.
Frequently Asked
Questions
How much does it cost?
We work on a contingency basis. We will never ask you for money upfront! We only get paid if your claim is successful. We will never ask you to pay “out of pocket”.
How long does it take?
It varies. Each jurisdiction is different, and no two cases are the same. From the moment we contact you (after much research to find you) it can take from thirty days to a year. The average is 90-120 days.
Do I need an attorney?
We provide the legal team to file the proper documents and represent your claim. Since it is different for each jurisdiction, we will retain an attorney on your behalf, if needed.
How much is my claim?
There are several factors to determine how much is available. The amount of overdue taxes, court costs, filing fees, liens, and outside debtors are the main examples. Any and all of these need to be examined to give you an accurate portrayal.
How much time is there to file a claim?
Unfortunately, this also varies depending on the governing agent and jurisdiction. While some will allow up to three years, others only have 120 days. Once a deadline has passed, the funds ESCHEAT to the government with no possibility of recovery, EVER!
How soon can we get started?
After we have contacted you (phone, email, letter) and you have accepted our offer to help, we will prepare the documents needed to start your claim. Our team will send a notary to you to sign the proper paperwork. Once signed, we will petition the agencies holding the funds. We can have this started in 24-48 hours.
Let’s get in touch!
Need help with your surplus funds recovery?
Reach out to us via phone or email
We’re here to assist you!