Reclaim Your Funds & Dignity After Foreclosure
Compassionate guidance for your foreclosure recovery journey!
ABOUT
Facing a foreclosure can be a daunting process, and many individuals are unaware of their rights in such circumstances. We are here to provide you with the knowledge and resources needed to make informed decisions. Whether it's explaining foreclosure timelines, or clarifying your rights as a homeowner, our goal is to empower you with the information necessary to navigate this process with confidence. While also taking the burden off.
EMPOWERING YOU THROUGH FORECLOSURE
At HONOR ASSETS GROUP, our mission is to empower individuals facing foreclosure or that have faced foreclosure by providing comprehensive guidance on their rights and assisting them in the retrieval of surplus funds after the foreclosure process. We are dedicated to demystifying the complexities of foreclosure, ensuring our clients are well-informed and supported. Through our expertise and commitment, we strive to be a beacon of assistance, helping homeowners navigate challenges and reclaim the financial resources that rightfully belong to them. At HONOR ASSETS GROUP, we believe in restoring hope, empowering our clients, and championing their rights throughout their journey to financial recovery and discovery of rights. With integrity at our core, we're dedicated to guiding you through the full process with honesty, transparency, and expertise so you can reclaim what's yours, stress free.
About
Facing a foreclosure can be a daunting process, and many individuals are unaware of their rights in such circumstances. We are here to provide you with the knowledge and resources needed to make informed decisions. Whether it's explaining foreclosure timelines, or clarifying your rights as a homeowner, our goal is to empower you with the information necessary to navigate this process with confidence. While also taking the burden off.
EMPOWERING YOU THROUGH FORECLOSURE
At HONOR ASSETS GROUP, our mission is to empower individuals facing foreclosure or that have faced foreclosure by providing comprehensive guidance on their rights and assisting them in the retrieval of surplus funds after the foreclosure process. We are dedicated to demystifying the complexities of foreclosure, ensuring our clients are well-informed and supported. Through our expertise and commitment, we strive to be a beacon of assistance, helping homeowners navigate challenges and reclaim the financial resources that rightfully belong to them. At HONOR ASSETS GROUP, we believe in restoring hope, empowering our clients, and championing their rights throughout their journey to financial recovery and discovery of rights.
Service
Surplus Funds & Tax Overages
Real estate surplus funds refers to the excess funds that are generated from the sale of a property. When a property is sold or foreclosed upon, the proceeds from the sell are first used to pay off any outstanding mortgages, liens, or other debts associated with the property. If the proceeds from the sale exceed the amount needed to pay off these debts, the remaining funds are considered surplus funds.
These funds are typically held by the court or government agency responsible for overseeing the sale or foreclosure, and may be available for claim. In some cases, the owner of the property or their heirs may be entitled to claim the surplus funds. Other parties that may be eligible to claim these funds include lien holders. The process for claiming real estate surplus funds can be complex and varies by jurisdiction. Real estate surplus funds can represent a significant amount of money, and can be a valuable resource for those who are entitled to claim them.
Brief Illustration: For example your property is worth $100,000, and you unfortunately are behind $30,000 in taxes and fees. The county holds a tax sale starting the bid at the amount owed (typical). Investors and buyers that are bidding understand the value of your property and its sold for example $150,000. As the county only needs the amount owed. The remaining balance of $120,000 is yours to claim. You read correctly! As you have a right to these funds, the county is responsible for notifying you via mail with what is called a surplus letter.
However if you were not located at the last address on record or didn't have a forwarding address when the letter was mailed, it's safe to say that you were not notified. This is why we are here! We contact you to notify and go through the proper channels in the county to assist in getting what is owed to you. Foreclosures are no fun for anyone so we understand that these funds could very well come in handy for families at such a devastating time.
Entitlement to claims have to be proven, there are certain channels in the county to go through and requirements that must be followed , this can become difficult and at times may feel as though you're going down a rabbit hole. Allow us the professionals and our attorneys to relieve you of the stress and work directly with the county to submit your claim. All you do is sit back and collect what's owed to you.
After Foreclosure
In the unfortunate event of a mortgage foreclosure or tax deed there is an auction held by your local county for your property to collect unpaid taxes or mortgage. The county then sends out a surplus letter (which more times than not you won't receive) to notify you that your property was sold at auction and you are owed funds. We then work directly with the county to assist you in filing a surplus funds claim to receive those funds back! We understand that this can be an unfortunate time and we want to lessen any extra burdens, so there are no risk as there are no upfront fees and and we take responsibility for all legal fees.
We only receive payment upon successful claims. At Honor Assets Group there are many dedicated advocates that work along side of dedicated licensed attorneys to assist you in navigating the complexities that can arise in this process while ensuring that your rights are protected. Your only job is to take the stress off while our team of dedicated and licensed professionals work diligently to navigate this process of reclaiming the funds rightfully owed to you. Contact us today and speak with one of our asset recovery specialist from our team to begin the process!
All the Best,
Honor Assets Group
Honor Assets Can Assist You By:
Assist you in the process of filing a claim with the county to retrieve surplus funds that are the result of a tax deed or mortgage foreclosure.
Thoroughly explain your rights and options throughout the foreclosure process.
Navigate the legal landscape to identify any potential wrongful foreclosure actions.
Personally investigate and assist with claims of unclaimed state held funds you may be unaware of.
SERVICES
Surplus Funds & Tax Overages
Real estate surplus funds refers to the excess funds that are generated from the sale of a property. When a property is sold or foreclosed upon, the proceeds from the sell are first used to pay off any outstanding mortgages, liens, or other debts associated with the property. If the proceeds from the sale exceed the amount needed to pay off these debts, the remaining funds are considered surplus funds.
These funds are typically held by the court or government agency responsible for overseeing the sale or foreclosure, and may be available for claim. In some cases, the owner of the property or their heirs may be entitled to claim the surplus funds. Other parties that may be eligible to claim these funds include lien holders. The process for claiming real estate surplus funds can be complex and varies by jurisdiction. Real estate surplus funds can represent a significant amount of money, and can be a valuable resource for those who are entitled to claim them.
Brief Illustration:
For example your property is worth $100,000, and you unfortunately are behind $30,000 in taxes. The county holds a tax sale starting the bid at the amount owed (typical). Investors and buyers that are bidding understand the value of your property and its sold for example $150,000. As the county only needs the amount owed. The remaining balance of $120,000 is yours to claim. You read correctly!
As you have a right to these funds, the county is responsible for notifying you via mail with what is called a surplus letter.
However if you were not located at the last address on record or didn't have a forwarding address when the letter was mailed, it's safe to say that you were not notified. This is why we are here! We contact you to notify and go through the proper channels in the county to assist in getting what is owed to you. Foreclosures are no fun for anyone so we understand that these funds could very well come in handy for families at such a devastating time.
Entitlement to claims have to be proven, there are certain channels in the county to go through and requirements that must be followed , this can become difficult and at times may feel as though you're going down a rabbit hole. Allow our team of professionals, and our attorneys to relieve you of the stress and work directly with the county to submit your claim. All you do is sit back and collect what's owed to you.
After Foreclosure In the unfortunate event of a mortgage foreclosure or tax deed there is an auction held by your local county for your property to collect unpaid taxes or mortgage. The county then sends out a surplus letter (which more times than not you won't receive) to notify you that your property was sold at auction and you are owed funds. We then work directly with the county to assist you in filing a surplus funds claim to receive those funds back! We understand that this can be an unfortunate time and we want to lessen any extra burdens, so there are no risk as there are no upfront fees and and we take responsibility for all legal fees.
We only receive payment upon successful claims. At Honor Assets Group there are many dedicated advocates that work along side of dedicated licensed attorneys to assist you in navigating the complexities that can arise in this process while ensuring that your rights are protected. Your only job is to take the stress off while our team of dedicated and licensed professionals work diligently to navigate this process of reclaiming the funds rightfully owed to you. Contact us today and speak with one of our asset recovery specialist from our team to begin the process!
All the Best,
Honor Assets Group
Honor Assets Can Assist You By:
Assist you in the process of filing a claim with the county to retrieve surplus funds that are the result of a tax deed or mortgage foreclosure.
Providing you with the knowledge and support you need to make informed decisions about your financial future.
Navigate the legal landscape to identify any potential wrongful foreclosure actions and advocate on your behalf to make sure you receive what's legally owed to you.
Personally investigate and assist with claims of unclaimed state held funds you may be unaware of.
Lets Take The Next Step Together
Our vision is to be the trusted advocate for individuals reclaiming their rightful surplus funds. We strive to create a a seamless, transparent process where every client feels informed, and supported. With integrity as our foundation, we aim to restore financial peace of mind one successful recovery at a time.
If you are ready to take control of your situation and explore the possibilities of reclaiming your surplus funds, If you have just went through foreclosure and don't know that you are owed funds from the county. We are here to assist you every step of the way. Please feel free to reach out to schedule a confidential consultation.
Fresh New Start
Remember, you are not alone in this journey. We are committed to helping
you understand your rights and securing the surplus funds you rightfully
deserve. Wishing you strength and resilience during this challenging time.
Warm regards
Fresh New Start
Remember, you are not alone in this journey. We are committed to helping
you understand your rights in this process and securing the surplus funds you
rightfully deserve. Wishing you strength and resilience during this challenging time.
Warm regards
FAQS
What are surplus funds?
Surplus funds can be referred to excess proceeds, mortgage surplus, and or tax overbids. Its is only the remaining funds owed to the previous owner after foreclosure auction, whether it be a tax foreclosure or mortgage foreclosure auction. The county or lender will foreclose the property and hold an auction when the property taxes or mortgage go unpaid.
There are Tax Foreclosures and this happens when the county is seeking to recover the taxes that are owed. If the property sells for more than the amount due to the county, the remainder of the funds(excess proceeds) are legally owed to the previous owner.
There are Mortgage Foreclosures that are owed to the previous owner. The previous owners heirs and or lienholders can be entitled to the excess funds. With these types of foreclosures the banks are only seeking to recover the amount specified in the final judgement or writ
What information is needed to find out if I have excess funds owed to me?
The only information needed to begin the process would be your name and the address of the property.
Under what circumstances would I be entitled to receive funds?
If there has been a mortgage foreclosure, or a tax deed foreclosure sale and the amount the property sold for is more than the foreclosure amount then the funds are held in the court of the county in your name.
What are the upfront cost?
No upfront cost or cost at all unless there is a successful claim.
Am I able to retrieve these funds on my own?
You can file a surplus claim independently however we offer expert assistance to navigate the complexities of the process. We handle everything from document requirements to deadlines and administrative issues, working directly with the county to ensure you receive your surplus funds!
Why choose Honor Assets Group?
At Honor Assets Group we go above and beyond just recovering surplus funds. Were committed to helping you navigate the challenges that come with foreclosure and pre-foreclosure. We understand that this process can be overwhelming, and that's why we offer real solutions along with our service.
With integrity, professionalism and a genuine desire to help, we work alongside trusted professionals to connect you with the best options available. Whether its recovering the funds owed to you or exploring alternatives before foreclosure, we're here to guide you every step of the way. We're dedicated to making this process as smooth, transparent, and stress-free as possible with tailored solutions. With our contingency based policy, meaning we only are payed based on successful claims there are no financial risks involved. Call or message us to get started!
CONTACT US
We have your best interest in mind!
Send us a message to find out how we can meet your needs. One of our Asset Recovery Specialist will reach back to you within 24-48 hours.
CONTACT
Phone: (469)620-0660
Email: [email protected]
HOURS
Flexible Hours- Supporting you at every stage of your case!
