Clawback Family Funds LLC
First in Tax Deed Sale Surplus Claims
Welcome to Clawback Family Funds LLC
Your trusted partner in recovering funds from tax deed sales, whether its a residence, business, or just a plot of land. We operate in most of the 50 states and also serve international clients in the US Virgin Islands, Bahamas, and Jamaica.
What is a Tax Deed Sale Surplus?
A tax deed sale is a public auction where properties with unpaid property taxes are sold to the highest bidder. The sale is typically conducted by the county or local government to recover delinquent taxes.
Here's how it typically works:
1. *Delinquent taxes*: A property owner fails to pay their property taxes, and the taxes become delinquent.
2. *Tax lien*: The county or local government places a tax lien on the property, which gives them a claim on the property until the taxes are paid.
3. *Tax deed sale*: If the taxes remain unpaid, the county or local government will conduct a tax deed sale, where the property is sold to the highest bidder.
4. *New ownership*: The winning bidder receives a tax deed, which transfers ownership of the property to the new owner.
The SURPLUS
A Tax Deed sale surplus, also known as overbid or excess funds, is created when a property is sold at a tax deed sale for more than the amount owed in back taxes, fees, and costs. When a property owner fails to pay their property taxes, the county government creates a tax lien on the property.
If the taxes remain unpaid, the county government will auction off the property at a tax deed sale to recover the owed taxes, fees, and costs.
If the highest bid exceeds the amount owed in back taxes, fees, and costs, the excess amount is considered a Tax Deed surplus or overbid.
Disbursement of Surplus Funds
The surplus funds are typically held by the county government or a designated official. These funds are owed to the original property owner or their rightful heirs.
Role of a Locator or Heir Finder
As a locator or heir finder, our role is to help identify and reunite the rightful owners or heirs with their surplus funds. We assist in researching and locating the entitled parties, getting the relevant documents, contacting the various departments to acquire the relevant information to facilitating the successful recovery of their excess funds as by law, it must be made available for the original owners to claim.
Our Expertise
At Clawback Family Funds LLC, our team boasts extensive expertise. We employ seasoned research staff and skilled attorneys to ensure a seamless process from start to finish, guaranteeing a hassle-free experience for our clients.
Our Services
Tax Deed Sale Surplus Recovery
We specialize in recovering surplus funds from tax deed sales, which may involve residential properties, business, or plots of land. No matter the type of property, we are here to help you reclaim your funds.
International Services: In addition to serving clients across the United States, we also assist international clients from the US virgin Islands, Bahamas, and Jamaica who have lost property in the United States due to tax deed sales.
Our role as a Locator or Heir Finder
As a locator or heir finder, our role is to help identify and reunite the original owners or heirs with their surplus funds. We assist in researching and locating the entitled parties, facilitating the recovery of their excess funds.
Addressing Skepticism About Tax Deed Sales Surplus
Most people do NOT know about Tax Deed Sale Surplus, or by its other names - Excess or Overbid Funds (and that includes lawyers). Lawyers will however be easily caught up-to-speed when it is explained and we mention the various state laws that governs this process. Because of this fact, we understand that the concept of tax deed surplus can be met with skepticism. It's natural to have questions and concerns about the legitimacy and process of claiming surplus funds. At Clawback Family Funds LLC, we are aware of these challenges and are committed to providing clear, transparent, and trustworthy information to help you navigate this opportunity.
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