Frequently Asked Questions
What are overages?
Overages, also known as surplus funds or excess proceeds, occur when a property is sold at a foreclosure or tax sale for more than the amount owed on the mortgage or taxes. The extra money, or overage, is legally owed to the former property owner.
How do I know if I have overages?
If your property was sold in a foreclosure or tax sale, you may have overages. To find out if you have any surplus funds owed to you, you can check public records or contact a professional service like Overages in Florida, and we can help you determine if there are funds available.
How does the overage recovery process work?
Initial Consultation:- Contact us for a free consultation to see if you have a valid claim.
Research:- Our team will conduct thorough research to verify any overages associated with your property.
Documentation:- We gather all necessary documents and our attorney network will prepare the claim.
Filing the Claim:- Our attorney network file the claim with the appropriate authorities on your behalf.
Recovery and Disbursement:- Once the claim is approved, we ensure that you receive your funds promptly.
Research:- Our team will conduct thorough research to verify any overages associated with your property.
Documentation:- We gather all necessary documents and our attorney network will prepare the claim.
Filing the Claim:- Our attorney network file the claim with the appropriate authorities on your behalf.
Recovery and Disbursement:- Once the claim is approved, we ensure that you receive your funds promptly.
How long does it take to recover overages?
The time frame for recovering overages can vary depending on the complexity of the case and the responsiveness of the authorities involved. Typically, it can take anywhere from a few weeks to several months to process and recover the funds.
Are there any fees involved?
At Overages in Florida, we work on a contingency basis, meaning you do not pay any upfront fees. We only get paid if we successfully recover the funds on your behalf, and our fee is a percentage of the recovered amount.