Overage Partners does all excess proceeds cases on a contingent fee basis,
which means that we only get paid if you get paid. You do not owe anything if
we are unsuccessful in collecting on your case. The contingency percentage
will depend on the complexity of the case and the amount of recovery being
pursued. With that said, the fee will be discussed up front and agreed upon so
there are no surprises of any kind.
The laws set forth the priority for who is entitled to the money. In general, the
statutory scheme provides that the money goes first to Home owner
associations, second lien holders (Home equity lenders typically), and then
the homeowner.
In many cases the second lien holder does not apply for the money. If the lien
holder does not apply within the time frame allowed, then the court will award
the money to you.
Depending on the state the foreclosure occurred in, it is often difficult to find
such information without going through the legal channels and filing certain
forms to get such information.
Depending on multitude of factors it can take 60 to 180 days from the day the
full legal packet is submitted to the court. The more prompt the client is in
providing any additional documents needed the faster the process can be.
It depends on the designation of the property. If this property was your home
at the time of the foreclosure, you are entitled to assert your homestead rights
against the judgment lien holder, and you should be able to get the money.
No. It just means that overages from the sale of your property have been
deposited in escrow.
How can Overage Partners Help?
We have a team of experienced real estate and tax attorneys that we utilize in researching each case. Once an Overage has been identified, we reach out to the entitled person(s) and inform them of the foreclosure sale results and an approximation of how much we can recover for them.