Assets Recovery Center Nationwide

What exactly are surplus funds?

Surplus funds in the context of tax foreclosure and mortgage foreclosure refer to extra money left over after a property is sold at auction to cover outstanding taxes or mortgage debt. Here's a simple breakdown: Tax Foreclosure Surplus Funds:When a property owner fails to pay property taxes, the government can take possession of the property and sell it at a tax foreclosure auction to recover the unpaid taxes. If the property sells for more than the amount owed in taxes, the surplus funds are the extra money left over after the taxes and associated fees are paid off. The original homeowner may be entitled to this surplus fund. Mortgage Foreclosure Surplus Funds: Similarly, in a mortgage foreclosure, if a property is sold at auction to satisfy the outstanding mortgage debt, any proceeds from the sale that exceed the amount owed to the mortgage lender, including fees and legal expenses, constitute surplus funds. These surplus funds belong to the former homeowner, and they may have the right to claim them. However, claiming surplus funds can be a complex legal process, and it's essential to understand the specific laws and procedures governing surplus funds in your jurisdiction.

Curving the situation to your favor.

My name is Drew Fischer, founder and CEO of ARC Nationwide. The main reason I entered this business was that I experienced and went through a hard time in my life, like many others. I went through a mortgage foreclosure over 15 years ago, and at the time, had no knowledge of what a surplus overage was. It was a mentally tough time to go through and after learning, over a decade later, that there was a right to a surplus overage to previous owners, I was dedicated to helping others gain what was rightfully theirs. I only wish that I had known this back then, because I could have used the help. My focus now is to make sure it doesn't happen to others. ARC Nationwide was formed to help curve the situation to your favor."

Will Whitman, our trusted legal advisor

We are proud to announce that our company is represented by William M. Whitman, Esquire of Whitman, LLC. With his expertise and dedication, we are able to provide exceptional support and assistance to our valued customers. Will Whitman himself will be available to guide you through any questions or concerns you may have, ensuring a seamless experience every step of the way.

Will Whitman is a renowned legal professional with a wealth of experience in the asset recovery industry. With a deep understanding of the intricacies of this field, he represents multiple companies and individuals who have successfully handled numerous claims similar to yours. His expertise and insights are highly sought-after, making him a trusted advisor for businesses across various sectors.

Our team members work diligently towards the success of your claim.

Agnes Ebite is our Procurement Specialist Manager. She oversees our team of procurement specialists that audits county records, nationwide, to find clients that have the potential for a property refund. These property refunds are the result of surplus funds from tax or mortgage foreclosures and original homeowners may not be aware that any such funds exist.

Professional help at your fingertips.

Yannie has an important task of making sure our files are accurate and proper communication is taking place, so that all our clients are contacted in a timely manner and their claims are moving along in the right direction. Reach out today and let's get your property refund into your hands as quickly as possible.

Procurement Specialist team.

It takes a village to ensure that every step of the process is taken care of. Jane is an important part of our staff on our procurement team, which assists in auditing government records, to find individuals that may be entitled to surplus funds. Far too many go unclaimed and can end up in escheat, which means it gets handed over to the state, never to be claimed again.

We want to work with you.

Time is ticking, and the county process waits for no one. Take the opportunity to work with a dedicated team and get to what is rightfully yours.

We work directly with each County and local authority

We have a team of experienced and specialized attorneys in the field of surplus funds to work as efficiently as possible to handle your claim.

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F.A.Q.'s

What is the process for claiming these funds?

The procedures for claiming these funds vary from jurisdiction to jurisdiction and can be tricky to navigate..

Our experienced team can do all the work for you. We work with every county directly, we follow the state statutes regarding the disbursement process for surplus funds and we help you expedite any funds that are available and entitled to you.

Do I have a certain timeframe to file my claim?

If paperwork is not filed correctly or in certan period of time, there is a possibility that the funds escheat to the state, which is handing over the unclaimed property to the state, never to be claimed again. So, in short, the answer is yes.

What will this cost me?

We work strictly on a contingency basis. That means NO upfront cost to you. We do all the work on the backend, file the claims, work directly with the county and take on all the risk. If we don't deliver for you, we don't get paid. We take on all the risk.

Our team is experienced in these matters and know how to navigate through the waters of claiming these funds. We have seen cases where funds were denied due to lack of the proper procedures and paperwork. Avoid critical mistakes and hire us to get these funds back to you, with ZERO financial risk to you.

How long does the process take?

Once we agree to work together, we can start the process and get the ball rolling. You can expect at least 90 days or more. Each jurisdiction is different and no two cases are the same.