Understanding What Happens After a Foreclosure

If your property faces a tax deed or mortgage foreclosure, the county will auction it to cover unpaid taxes or mortgage payments.

Often, the sale price exceeds the owed amount, and any surplus is owed back to you, the previous owner.

From filing to follow-up, we handle your claim and coordinate with the county to recover your funds. With no upfront fees and payment only upon success, you can proceed with complete peace of mind.

Many property owners never receive surplus notifications because the county sends them to outdated addresses—leaving funds unclaimed.

Unclaimed State Funds

Unclaimed state funds are forgotten money owed to individuals. It may sound surprising, but many people have funds waiting for them. Bank accounts, safety deposit boxes, uncashed checks, money orders, insurance policies, stocks, bonds, mutual funds, trust funds, royalties, and escrow accounts that go unclaimed eventually end up in the state treasury. Financial institutions are required to report these assets annually, and after unsuccessful attempts to contact the owners, the funds are turned over to the state.

We are licensed finders who work directly with the state to assist you in filing a claim and recovering these funds.

Best of all, there are no upfront fees—we handle all the filings for you.

How it works

At Magnus Family Assets Group, we manage the entire filing process—from research and documentation to legal fees and follow-up—so you can relax while we handle the complexities for you. Trust our team to help you reclaim your surplus funds efficiently and professionally. Reach out today to start recovering what’s rightfully yours.

Identification of Surplus Funds:

When the county sells a property at auction, any surplus funds remaining after paying off outstanding debts—like taxes or mortgages—legally belong to the previous owner or their heirs. We receive detailed lists directly from the county, allowing us to identify those who are entitled to these funds.

Research and Agreement:

After identifying potential claimants, our dedicated team of researchers and private investigators conducts thorough research to locate the individuals or their heirs. Once found, we reach out and provide them with an agreement form to begin the process of recovering their surplus funds.

Title Search and Liens Check:

To ensure a seamless and successful claim, we conduct a comprehensive title search on the property linked to the surplus funds. This allows us to identify any outstanding liens or creditors that must be addressed during the claim process.

Verification of Available Funds:

We confirm the availability of surplus funds ahead of filing a claim, guaranteeing that the rightful parties can recover what’s owed to them.

Notarization and Claim Submission:

Preparation of Legal Documents:

Our experienced team manages the preparation of all legal documents needed for your claim. We handle the entire documentation process and cover all filing fees, ensuring our clients face no financial burden during the recovery process.

Once notarized, we submit the completed claim to the relevant county or state treasury department, ensuring your claim is filed accurately and efficiently.

Ongoing Follow-Up:

Once the claim is submitted, we take charge of following up with the county or state treasury to ensure the process moves smoothly. We keep our clients informed and updated every step of the way until the funds are successfully paid out.

Successful Payout:

Our expertise and commitment help maximize the chances of a successful payout. Once the surplus funds are received by the rightful owner or heirs, we collect our previously agreed-upon contingency fee.