Questions and Answers
What are excess proceeds?
Simply put, when a property is sold at foreclosure auction, trustee's sale or sheriff's sale, the amount of money paid by the winning bidder over and above the outstanding mortgage balance or judgement and other expenses is excess proceeds.
Is Tate Asset Capital a law firm?
Tate Asset Capital LLC is not a law firm. Our team consists of real estate attorneys, real estate experts and other foreclosure/excess proceeds industry experts
How long does it take me to get my money?
The typical excess proceeds claim process can take 6 to 12 months from beginning to final payment.
Is the excess proceeds claim process difficult?
The excess proceeds process can be difficult and time consuming. It is beneficial to use a company like ours that specializes in this process for that reason. We take care of all the paperwork, deadlines, title searches, and help navigate you through the process.
Are there excess proceeds from my foreclosure?
You may have excess proceeds due to you if your property sold at a foreclosure auction for more than your mortgage balances.
You may be able to visit the government agency website in your jurisdiction that handles excess funds.
What does it cost to claim excess proceeds?
Our excess proceeds recovery fees vary case by case.
We are happy to discuss with you our fees and any other expenses that are typically involved in an excess proceeds claim. Please contact us directly for more information.