How it Works
Working with us and our process
The Refund Process
Step 1
Qualifying Foreclosure
A foreclosed home is a property that has been taken over by a lender due to non-payment of a mortgage. When a foreclosed home is sold at auction, the proceeds are used to pay off the outstanding mortgage balance, fees, and other expenses. However, in some cases, the home may sell for more than the outstanding balance owed. When this happens, the excess funds are known as overages. The former homeowner may be eligible for a refund of the overages if they can prove their ownership of the property at the time of the sale. This can be a helpful financial boost for the former homeowner who may have lost their home due to financial hardship.
Step 2
Schedule Initial Client Consult
Schedule a time to speak with our team about the refund process.
Step 3
Complete Client Engagement Letter
Step 4
Work With Our Team
Depending on the state, county, and situation. We may require additional forms to be completed. This will be discovered on our initial client consultation. Documents will need to be notarized online (we will cover the fees).
Step 5
Wait for Funds to Be Approved
After submitting all the needed documentation, the refund process can take up to 6-months depending on the county we are working with. We will keep you updated during this process.