Surplus Refunds &
Tax Overages
Let's get your Money Back in YOUR HANDS!
Property Tax Surplus Refunds & Tax Overages
Here at Windsor Gold Financial Group, we have helped hundreds of individuals get back money that is rightly theirs - even when they didn’t know it existed. Our surplus funds recovery Attorneys have helped property owners all across the country recover millions of dollars in tax sale overages. Since retrieving the funds is a complicated “hidden” process, most homeowners don’t even know what overages are or that they are even owed surplus funds at all. That is where we come in - WE ARE HERE TO HELP YOU GET YOUR MONEY!
What are Tax Sale Overages?
Tax Sale Overages are the extra money left over when a property is sold at a tax sale auction for more than the amount of back taxes owed on the property.
Unlike mortgage auctions, the opening bid at a tax auction is usually the amount of unpaid taxes due on the property, (plus penalties, interest, and any associated costs for putting on the auction).
If the property sells for more than the opening bid, then overages will be generated. When the property sells for more than the taxes (and extra fees), then an overage amount will be generated.
Unfortunately, many homeowners do not know that most states do not allow these counties that sold the property to keep this extra money.
Some State laws mandate that excess funds can only be legally claimed by a few parties - one of the main parties are the individual(s) who owed taxes on the property at the time of the sale.
Tax Overage Example:
If the previous property owner owes $12,000.00 in back taxes, and the property sells for $200,000.00 at the tax auction, then the law states that the previous property owner is owed the difference of $188,000.00.
The county does not get to keep the unclaimed tax overages unless the funds are still not claimed after “so many” years - depending on that particular state’s law.
Counties will typically publish information regarding these overages and are required by law to make an effort to notify the previous owner that these funds are available.
Proper notices are usually mailed to the address of the property that was sold, but since the previous property owner usually no longer lives at that address, the often notice is not received or made aware of to the property owner.
If you find you are in this situation, don’t let the state and/or local government keep money that you are entitled to. Call Us today and let us assist you in getting your Money that is owed to you.
What are the ADVANTAGES of using our company with our Lawyers that specializes in this process of getting your money?
Retrieving money from Tax overage can be a difficult process. It deals with State and county laws and your case will most likely have to go before a Judge at some point during the tax overage process. Having a knowable tax overage lawyer that specializes in this field along with many years of experience will help you as the home owner be in the best position to retrieve your money successfully with very little bumps or blocks along the way.
Call Us Today and let’s get your money back into your pocket!
If your home was foreclosed on for unpaid taxes and later sold at a tax sale auction for higher than what you owed, our excess funds recovery company and lawyers will help you recover the money that is rightfully yours.