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About Surplus
asset recovery
Surplus Funds / Foreclosures / Tax Deed Sales
asset recovery
After a company project is complete and all the taxes and operating costs are paid, there is sometimes money left unaccounted for. Government agencies that manage these funds are not always communicative to the appropriate parties and so the surplus money remains unclaimed.
unclaimed fund
Surplus Funds / Foreclosures / Tax Deed Sales
asset recovery
Assets can become lost due to name changes, deaths, divorce, and address changes. Between trust funds, CDs, stocks, and old bank accounts, insurance policies, safe deposit boxes, inheritances and dividends, a simple change can make these funds lost in the system.
Surplus Funds / Foreclosures / Tax Deed Sales
Surplus Funds / Foreclosures / Tax Deed Sales
Surplus Funds / Foreclosures / Tax Deed Sales
When a sheriff’s auction or tax deed auction occurs, there is sometimes leftover cash after the bank has received their money. The leftover funds may belong to the former homeowner. However, this is sometimes not reported directly to the homeowner, and that cash is left in the hands of the state.