Excess Funds Recovery in Texas
At Advanced Solutions Investigations, PLLC, we specialize in helping individuals recover excess funds in Texas. When properties are sold at tax or foreclosure auctions, any surplus remaining after settling debts, liens, and auction fees is considered "excess funds." However, many homeowners are unaware of their right to claim these funds. Without timely action, the unclaimed money may be forfeited to the state.
Our team of experienced investigators is dedicated to locating these funds and assisting you in recovering what is rightfully yours. We understand the complexities of the process and work on your behalf to ensure you don't miss out on your financial opportunity. Call 210-726-9079 today.
"What's In It for You?" - FAQs
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1. What are excess funds?
Excess funds are the remaining proceeds after a property is sold at auction, typically following a foreclosure or tax sale. After covering debts and expenses, any leftover amount belongs to the former property owner.
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2. How do I know if I am entitled to excess funds?
If your property was sold at a foreclosure or tax auction and the sale resulted in more money than the amount owed, you might be entitled to claim the excess funds. Advanced Solutions Investigations, PLLC can help determine your eligibility.
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3. Why should I work with Advanced Solutions Investigations, PLLC?
Recovering excess funds involves navigating a legal maze, including deadlines, filings, and paperwork. Our experts handle the entire process on your behalf, maximizing your chances of recovering the money you're owed.
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4. How long does the process take?
The timeline for recovering excess funds can vary depending on the complexity of the case and the responsiveness of local government agencies. Typically, it takes anywhere from a few weeks to several months. We'll keep you informed every step of the way.
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5. What is your fee?
At Advanced Solutions Investigations, PLLC, we work on a contingency basis. This means we only get paid if we successfully recover your excess funds. There are no upfront costs, so there's no risk to you.
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6. Can I claim funds from a sale that occurred years ago?
In many cases, yes. However, there are time limits depending on the jurisdiction and the specific circumstances of the sale. Contact us to see if you can still claim funds from an old sale.
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7. Do I need to hire a lawyer?
While hiring a lawyer isn't mandatory, the process is often complex and involves navigating legal procedures. Our team at Advanced Solutions Investigations, PLLC, has the expertise to handle these matters, saving you the cost and hassle of hiring an attorney.
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8. How do I start the process?
Contact Advanced Solutions Investigations, PLLC, for a free consultation. We'll review your case, explain your options, and guide you through the following steps to claim your excess funds.
Reclaim what's rightfully yours with Advanced Solutions Investigations, PLLC. We're committed to ensuring you get your excess funds quickly and efficiently!
Documents Needed for Excess Funds Recovery
To successfully recover excess funds, certain documents are typically required to prove your claim. The following is a list of common documents you may need to provide:
1. Proof of Identity
o Valid government-issued ID (driver's license, passport, etc.).
o Social Security number (for tax reporting purposes).
2. Proof of Property Ownership
o Property deed or title documents.
o Mortgage documents or loan statements.
o Foreclosure or tax sale notices.
3. Proof of Sale/Foreclosure
o Auction sale records or confirmation of sale.
o Final foreclosure judgment.
o Tax sale documentation (if applicable).
4. Court Documents (If Applicable)
o Case numbers or legal filings related to the foreclosure or auction
o Bankruptcy filings (if relevant to the case).
5. Power of Attorney (If Using a Representative)
o If someone is acting on your behalf, a signed and notarized Power of Attorney is required.
6. Affidavit of Heirship (If Applicable)
o If the original property owner is deceased, heirs may need to provide this document to claim the funds.
7. Proof of Address (At the Time of Foreclosure or Sale)
o Utility bills, bank statements, or other documents showing your address at the time the property was sold.
At Advanced Solutions Investigations, PLLC, we guide you through the entire documentation process, ensuring you have everything needed for a successful claim. If you're missing any documents, we may be able to help track them down!
How Long Is Eligibility for Excess Funds Recovery?
Eligibility to recover excess funds varies depending on the county and state regulations. In Texas, the timeframe to claim excess funds typically ranges from two to five years after the foreclosure or tax sale, but this can depend on the specifics of your case.
Key Details Include:
1. Two-Year Rule
In many Texas counties, former property owners have up to two years from the foreclosure or tax sale date to file a claim for excess funds.
2. Escheatment to the State
If no claim is made within the eligibility window (usually two years), the funds may be "escheated" or transferred to the state of Texas. Once this happens, retrieving the funds may become significantly harder or impossible.
3. Possible Extensions
In certain cases, eligibility may be extended beyond the standard two-year period, particularly if there are legal or ownership disputes or if you're an heir trying to claim funds on behalf of a deceased relative.
If you're unsure about your eligibility, Advanced Solutions Investigations, PLLC can help determine if you still have time to claim your excess funds and guide you through the process before the window closes. Don't wait—contact us today!
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