Phoenix Foreclosure
Recovery Group, LLC
The Process
California law states, there is only a 12-month window to file claims from the moment of auction sale.
If there are no claims filed within this period the county will keep YOUR surplus funds.
Time is of the essence.
Surplus Fund Identification
When a county auctions off a property, any extra money left after settling debts belongs rightfully to the previous owner or their heirs. We obtain a detailed list from the county to pinpoint those entitled to these funds.
Research and Consent
Our team, comprising researchers and investigators, diligently tracks down potential claimants or their heirs. Once located, we reach out to them, providing an agreement form to kick-start the surplus fund reclamation process.
Title Investigation and
Liens Check
To ensure a seamless claim process, we conduct a thorough investigation into the property's title linked to the surplus funds. This investigation helps us identify any outstanding debts or creditors that need addressing during the claim process.
Confirmation of Surplus Availability
​Before proceeding with the claim, we confirm that the surplus funds are indeed available. This step ensures that the funds are ready for the rightful owner or heirs to claim.
Preparation of Legal Papers
Our seasoned team handles all necessary legal paperwork essential for the claim. We manage the entire documentation process, covering all legal filing fees, alleviating our clients from any financial burden associated with the claim.
Notarization and Claim Submission
Once the legal documents are ready, we have the county documents notarized to validate the claim. Subsequently, we submit the claim to the relevant county or state treasury department on behalf of our clients.
Continued Monitoring
Following claim submission, we take charge of monitoring progress with the county or state treasury department. We keep our clients updated throughout this phase until a successful payout materializes.
Successful Disbursement
Through our dedicated efforts and expertise, we optimize the likelihood of a successful payout. Upon the surplus funds being distributed to the rightful owner or heirs, we receive our previously agreed contingency fee.