ATB Capital  Solutions LLC      Surplus Funds Reclamation Experts

Q: What are surplus or excess funds?

 

A: Surplus/Excess funds are funds left over after a foreclosed listing is auctioned for more than what is owed on the mortgage. Also, surplus funds can be related to unpaid real estate tax. If the county or town forecloses on a property and sells it through auction for more than the tax was owed, a surplus/excess funds maybe have been created. 

 

Q: What types of unclaimed funds are there?

 

A: Unclaimed funds, also known as surplus funds, excess funds or unclaimed property, may include:

• Tax Foreclosure Overpayments

• Mortgage Foreclosure Overpayments

 

Q: Why do I need to work with a recovery expert and an attorney?

 

A: Working with surplus recovery experts will help you through this rigorous and complicated process. The county/government wants to keep your money. Our experience as recovery specialists will help you side step some common pitfalls when attempting to recover your surplus. Also, using attorneys is critical. It speeds up the process and gives us the power and clout we need to recover your surplus. There may be debt or liens attached to the surplus or other complex issues that require the presence of an attorney. The bottom line is that you need experts and legal representation in your corner to make sure you can recover your surplus. The county/government agency wants to keep your funds. You will need help to retrieve them. 

 

Q: Who does your agency serve?

 

A: ATB Capital Solutions works in the states listed in the tabs in the header at the top of this page. Our site shows exactly which states we work tax and mortgage foreclosure surplus recovery cases in. There are reasons why we work in these states whether it be tax or mortgage foreclosure. We can effectively recover surplus funds in these states.

 

Q: Why should I work with your company?

 

A: We are a small yet intimate group that takes an intense interest in all of our clients cases. We understand that you could be experiencing difficult circumstances with your life and/or finances. There are a variety of reasons for a foreclosure event. There could be a job loss, a medical event, a divorce or even a death. We understand that there is a human element to your circumstances and we will always be mindful of that.  We employ only the highest trained and qualified surplus recovery specialists who are familiar with all of the relevant protocol. Because tax and foreclosure funds retrieval is complicated, it’s important to work with experienced and effective attorneys. Our experts/attorney's  can help you avoid costly mistakes and speed up the retrieval process by diligently pursuing your funds with government agencies. Excess surplus funds retrieval can be extremely complex, you need to have expert guidance and the aid of attorneys experienced in dealing with these matters. 

 

Q: How much money can I receive?

 

A: The mortgage and tax foreclosure process is different for every individual. When you consult with us, our surplus recovery specialists will always be straightforward and honest about what to expect at every stage of the process. First we establish that there is a claim that you are eligible for and then after we establish that there are funds that you are eligible for there are a series of steps that must take place. We research the claim, establish the transfer of property has occurred i.e. the deed, we research to make sure there are no encumbrances. An Encumbrance can affect the amount available for a surplus claim, encumbrances must be satisfied before surplus funds can be released by the authority holding them. Examples of encumbrances are judgements, mortgages, promissory notes and/or liens applicable to you claim. If there is debt, we factor that into the amount of excess funds you can collect. 

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Q: Are there any upfront costs? How am I charged for this service?

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A: Our primary focus is helping people retrieve surplus funds tied up by the courts/government. We will give you the ability to, with our expertise and our attorneys, reclaim excess funds held in your name. The person on the deed at the time of the property transfer after the foreclosure is the individual eligible for the surplus funds. 

There are massive amounts of ongoing governmental audits, attorney fees, filing claims, legal opinion letters, and more that we work through to help you win the fight and recover your money.

None of this costs you anything upfront and we only only receive a portion of the money that we recover for you AFTER all the work is done. We take on all of the risk of your case and we are only successful if you are.  When we negotiate our fee with you, we take into consideration the difficulty of the claim along with the likelihood of recovery. 

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Q:How soon before I can collect my surplus funds?

 

A: It depends on the complexity of the case. Some cases are very easy to work with very little resistance from the courts. There are some cases that require far more work as more research is required, encumbrances need to be satisfied and complex legal matters need to be addressed.  If there is surplus foreclosure money available, it typically takes between 60-120 days to process a claim. We work as quickly as possible but generally speaking a claim takes anywhere from 60-120 days. There are scenarios which increase the recovery time of a claim. Here are some examples of scenarios that lengthen the process; there is more than one property owner, the property owner has deceased, there are competing claims for the funds, there is either debt or liens out against the property. These are some of the most common issues that lengthen the recovery process. This is why it is critically important to have expert recovery specialists and attorneys handling your case. 

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Q. What are reasons or why would I be unable to collect excess or surplus funds?

 

A. The main reason that you would be unable to collect funds is that there are statutes in place in each state the clearly define the length of time you have to make a claim against a particular government body or department that is holding excess funds. Each case is constrained by time limits issued by each individual state. If the time limit has expired, the surplus is forfeited usually to the county in which the surplus existed. The government is currently holding onto over 14 billion dollars, hidden in various departments, agencies, and bureaus, made up of funds related to property sales, foreclosures, tax overpayments, mortgage overpayments and other types of transactions. Obviously you would be unable to collect if there was no surplus available. Examples as to why there would be no surplus would include any number of reasons; you were not on the deed at the time of foreclosure (transfer of property), all of the mortgage debt, tax debt, judgments, liens, etc. did not exceed the price the property was sold for at auction. There would be no surplus given this scenario. We will research your case thoroughly and completely, if there is a surplus available we will help you retrieve it. We will exhaust every avenue trying to locate and retrieve a surplus if it is available.