The completion of a company project often involves a complex web of financial transactions. While diligent accounting ensures that taxes and operating costs are covered, surplus funds can sometimes remain. These unclaimed assets often arise when government agencies, responsible for managing these funds, fail to adequately communicate with the relevant parties. This lack of transparency leads to a situation where businesses and individuals are unaware of the money owed to them, resulting in substantial unclaimed sums accumulating over time.
Sheriff's and tax deed auctions are often the final chapter for homeowners facing foreclosure or tax delinquency. While the primary purpose is to satisfy the outstanding debt to the bank, these auctions can sometimes generate surplus funds beyond what is owed. This leftover cash rightfully belongs to the former homeowner. Unfortunately, the reporting of these surplus funds is often inadequate, and homeowners are frequently left unaware that this money exists. As a result, these funds remain unclaimed, held by the state, and potentially lost to the individual who needs them most.
Imagine a safe deposit box containing family heirlooms, or a forgotten bank account with years of accumulated interest. These are just a few examples of the assets—ranging from trust funds and CDs to stocks, insurance policies, and dividends—that can become lost due to life's inevitable changes. A name change after marriage, the passing of a loved one, a divorce, or simply moving to a new address can disrupt the link between these assets and their owners, leaving them stranded in the system, waiting to be claimed.
The process of recovering foreclosure surplus funds hinges on three key actions: Find, Claim, Recover. First, we find these often-overlooked funds by meticulously researching public records and auction data, identifying instances where the foreclosure sale price exceeded the outstanding mortgage balance. Next, we claim these funds on your behalf, navigating the complex legal procedures and…
“Recovering your unclaimed and surplus funds should be accessible and transparent. At Giles Asset Recovery Partners LLC, we make the process easy and stress-free. We offer flexible fee structures to meet the needs of all clients. For claims less than $5,000 in surplus, we offer competitive upfront rates. For example, our fee for claims under…
Asset recovery is the process of locating and reclaiming assets that have been lost, stolen, or misappropriated. This can include anything from financial assets like cash and investments to physical assets like real estate, vehicles, and jewelry. There are many reasons why you might need to pursue asset recovery. You may be the victim…
