What Is Surplus? 

Surplus is excess funds left behind after foreclosures, tax deed sales, bankruptcies, and other property-related transactions. When a property sale for more than the debt owed, the remaining funds may legally belong to the former owner or eligible heirs.

Tax Lien Surplus Recovery

When a property is sold at the Sheriff's tax lien auction, it’s often for more than the amount of delinquent taxes owed. That excess amount, known as a tax overage or surplus funds, legally belongs to the former property owner or their heirs. 

Mortgage Surplus Recovery

Foreclosure or Property Sale Surplus: If a property is sold, either voluntarily or through foreclosure, and the sale price exceeds the outstanding mortgage balance and associated fees, the remaining money is surplus, legally belongs to the former property owner or their heirs.

 What Is Unclaimed Property?

Unclaimed property refers to financial assets that have been abandoned or forgotten by their owners. Common examples include savings or checking accounts, uncashed payroll or dividend checks, insurance benefits, utility deposits, and safe deposit box contents. By law, businesses and government agencies must report these assets to the state treasury after a period of inactivity, typically ranging from one to five years, depending on the type of property. 

Claimant Advocacy

At LoyalT Resolutions, we are committed to helping our clients identify and recover funds that may be rightfully owed to them. We assist clients in navigating the recovery process by providing professional guidance, organizing required documentation, and helping streamline the steps necessary to pursue eligible surplus funds. We understand that the recovery process can be unfamiliar and overwhelming, which is why we strive to make it clear, professional, and as straightforward as possible. Our commitment is built on integrity, transparency, diligence, and respect for every client we serve. We work to protect our clients’ interests while providing dependable support throughout the recovery process. At LoyalT Resolutions, we are loyal to your claim and committed to your resolution.