Frequently Asked Questions

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Surplus funds from tax or mortgage foreclosure refer to the additional money that remains after the sale of a property at a foreclosure auction, where the final sale price exceeds the outstanding debt owed on the property. These surplus funds are the excess proceeds generated from the sale and are separate from the amount needed to satisfy the mortgage or tax lien. They are often held by the court or other relevant authorities until the rightful owner can claim them. 

Based on the circumstances, either your property undergoing foreclosure or tax sale, or being an heir to a sold property, you have been identified as the rightful individual entitled to claim these funds. 

State unclaimed money are funds or financial assets that are held by state government agencies on behalf of individuals or businesses who have lost contact with the rightful owners. This money can be in various forms, including dormant bank accounts, unclaimed insurance proceeds, uncashed checks, abandoned stocks, utility deposits, and more. The state government acts as a custodian for these funds, ensuring their safekeeping until the rightful owners come forward to claim them. State unclaimed money typically arises when the owner has forgotten about the asset, moved without leaving a forwarding address, or passed away without their heirs being aware of the funds. 

Each state has its own specific timeframe within which individuals can claim excess funds. To find out more about the time limit applicable in your state, please click on the following LINK

At Claim Tracers, we prioritize your interests by never requesting any upfront payment when you engage our services. Our primary objective is to successfully recover the funds for you, which is why we operate on a contingency fee basis. This means that we only get paid when we have effectively recovered your funds, as clearly outlined in our agreement. Rest assured that our commitment lies in delivering results before seeking any compensation from our clients.