Why have I been contacted?
If you have found this page, you have likely received those dreaded letters with a sale date of your home or property.
You or someone you live may be owed money from a foreclosure auction.
Foreclosures can be a life altering event if they weren’t caused by one already. The loss of a home can be devastating and so hard to recover from, leaving the displaced family in a stressful situation.
We would like to be of service to those who have lost their property and may not even know they are owed money remaining from their foreclosure sale. Recoup Coalition has dedicated its resources to advocate for those who are owed funds from the loss of their home or property. Taking the guess work out of court proceedings and returning what is rightfully yours.
There is a beautiful life beyond foreclosure.
How is this possible?
What is the process?
Excess Funds Research and Agreement:
When we locate public county records that unclaimed funds are owed, we work to identify potential claimants or their heirs. Our dedicated team of researchers lays the groundwork to find previous owners of the properties sold at auction, that are legally owed proceeds from the sale. We reach out to advise and provide them with an agreement form to initiate the process of reclaiming the surplus funds.
Title Search and Verification of Available Funds:
We provide a thorough title search on the property associated with the overbid, to help settle any outstanding liens or debts that need to be addressed during the claim process. To ensure a successful claim, we confirm the availability of the surplus funds before proceeding with verification. This reassures a smooth process to make the funds accessible for the rightful owner or heirs to claim.
Preparation of Legal Documents:
We handle the entire documentation process and bear all legal filing fees, relieving our clients of any financial burdens associated with the claim. Our experienced team takes care of preparing all necessary legal documents required for the claim.
Claim Notarization and Submission Process:
Once the legal documents are prepared, we provide even all county documents and set up the notary to validate the claim. We submit the claim to the appropriate county or state treasury department on behalf of our clients.
Follow Up until Successful Payout:
After the claim is submitted, we manage contact with your specific county treasury department and keep our clients informed throughout this stage until a payout occurs. Our dedicated efforts maximize the chances of a successful payout. Once the surplus funds are released to the rightful owner or heirs, we receive our contingency fee as agreed upon previously.
Where can I find my Rights to Surplus Funds?
The foreclosure process is difficult for property owners. Losing your home or commercial location is not something that has a lot of upside. But, knowing you might have access to surplus funds from the foreclosure is something that you should fight for to help as you move forward and past the foreclosure. GA Code § 48-4-5 (2022) :
2022 Georgia Code
Title 48 – Revenue and Taxation
Chapter 4 – Tax Sales
Article 1 – Sales Under Tax Executions
§ 48-4-5. Payment of Excess
Universal Citation: GA Code § 48-4-5 (2022)
- If there are any excess funds after paying taxes, costs, and all expenses of a sale made by the tax commissioner, tax collector, or sheriff, or other officer holding excess funds, the officer selling the property shall give written notice of such excess funds to the record owner of the property at the time of the tax sale and to the record owner of each security deed affecting the property and to all other parties having any recorded equity interest or claim in such property at the time of the tax sale…
To long didn’t read…
County records show you or someone you love is owed money from the auction sale of a foreclosed property. The auction bid starts at the amount due to the county, if the property sells for more, then the excess funds are rightfully owed to the last titled resident.
You may or may not have received notification of these funds, they may have been sent to the vacated property. Review your email for more information on the property specifics and available excess funds. We would love to help you reclaim what is rightfully yours!
