WayMakers Asset Group

01/15/2023

WHAT IS A TAX DEED SURPLUS?

You may be entitled to a Tax Deed Surplus but you either don’t know it or you don’t know how to retrieve those surplus funds. The first question should be, “what is a Tax Deed Surplus?”

This means that either you or a family member has:

Failed to pay taxes on your property.

The county you live in has decided to do a Tax Deed Foreclosure in order to recoup the past due taxes and the property has been sold at a Tax Deed Foreclosure Auction.

If the property has been sold for more than what the Taxes owed were, then there is a Surplus of funds. Some or all of these funds could belong to you, but there are steps that need to be followed to first determine whether you will receive them, and how much those proceeds are.

An example would be if you owed $4,000 in back taxes and the home sold for $80,000. This means you would be due $76,000 in Surplus funds that the county is holding but only for so long. If these funds are not claimed within a certain period, they turned over to the state and are gone forever.

If you or someone you know had your home sold at an auction, please contact us immediately so we can assist you with filing your claim. Remember there are no UPFRONT FEES for you to claim these funds. Let WayMakers Asset Group make a way for you today.

01/14/2023

What are surplus funds?

After the lender (bank) or association receives a judgment in the foreclosure case and the real property is sold through a Foreclosure Sale, there could be funds remaining after payment of all disbursements as indicated on the Final Judgment of Foreclosure.
Those funds are called surplus funds.

For example, there is a foreclosure judgment entered in the amount of $200,000. At the public auction, the real property sells for $250,000. This sale results in surplus funds amounting to $50,000.

That surplus belongs to you as the previous owner of the property. Here at WayMakers Asset Group we assist you in filing this claim at NO UPFRONT COST TO YOU.

Contact us today to get started.

01/10/2023

Understanding What Happens After A Foreclosure?!?!?

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.

What most people do not know is that these properties sell for an amount that is higher than the opening bid and any profit remaining is due to the previous owner.

Our job is to step in and assist you in filing this claim, we work directly with the county and can assist you in recovering these funds.

The beauty of working with us is that we charge NO upfront fees and only get paid a finders fee upon a successful claim, so you bear no risk at all.

Foreclosed Home? You or someone you may know could possibly have money owed and I can assist you!