CORNERSTONE RECOVERY SPECIALISTS
Common Questions
Addressing your concerns about surplus funds and recovery fees with transparency.
What exactly is a foreclosure surplus?
A foreclosure surplus occurs when the total amount of money collected from a property sale exceeds the outstanding mortgage balance and associated foreclosure costs. This excess amount is legally required to be held in a public record until it is claimed by the rightful owner.
Are tax overages recoverable?
Yes. When a property is sold at a tax sale, if the total sale price is greater than the total taxes owed, the difference is considered an excess tax overage. This overage is typically held in a state's unclaimed property fund until it is claimed by the original taxpayer.
How do I know if my funds are legitimate?
We verify every claim using official public records and court documents. Our research process ensures that the funds are legally recoverable and that the records are accurate before we proceed with any documentation.
What is the recovery process?
We begin with a free case review to determine eligibility. If we find a valid claim, we research the records, prepare the necessary documentation, and coordinate with the appropriate state agency to facilitate the recovery.
Are there any upfront fees?
No. We operate on a 'No Recovery, No Fee' basis. We only charge a fee if we successfully recover the funds for you. This ensures that we are fully transparent and accountable to our clients.