National Asset Recovery Services at Your Fingertips
Main# 770-765-5980
2240 Wisteria Drive, Ste 1729,Snellville, Georgia 30078
FORECLOSURE
UNCLAIMED FUNDS
TAX DEED
SURPLUS FUNDS
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Main# 770.765.5980
FORECLOSURE is the legal process of a lender reclaiming a property due to failure to make payments. In the event of non-paid taxes or mortgage foreclosure, the county holds an auction to obtain what was unpaid.The opening bid is the amount that is due and these properties can sale for a higher amount. Any profits remaining are due to the previous owner or their heirs if they're deceased. These funds are known as surplus funds or excess proceeds.
TAX DEED are documents that transfer the title of a property from the owner to the taxing authority. In The event of a Tax Deed or Mortgage foreclosure, The county holds a foreclosure auction on your property due to unpaid taxes or Mortgage. The opening bid at this auction is for the amount of taxes or mortgage that is owed.These properties sell for an amount that is higher than the opening bid and any profit remaining is due to the previous owner. The county sends out surplus notifications letters, but most of the time it's to the last address on record so you are never informed.
UNCLAIMED STATE FUNDS are a great way for individuals to reclaim money that is rightfully theirs. These funds can be from any kind of financial institution such as banks, insurance companies, brokers, employers, and more. By researching the state's unclaimed funds database, individuals can easily find and reclaim any funds that have been designated to them. With the help of unclaimed state funds, individuals can get back the money that is theirs. These institutions are required to do an annual report to the state's treasury and after a few years of failed contact they turn these funds over to the state.
SURPLUS FUNDS also known as excess funds, overages, or excess proceeds left over funds that may be claimed by a homeowner when a foreclosed property is sold at auction for more than what was owed in mortgage payments or property taxes. Excess funds may be claimed by the person who owned the property at the time of the foreclosure sale, the owner of each security deed that affects the property, or any other party that has a lien or recorded equity interest in the property at the time of the sale.
The previous property owner has a short time frame to claim surplus funds. If the money remains unclaimed for too long, the funds become the property of the county or the lender.