TAX SURPLUS

Losing your home to a tax auction is an incredibly painful and unsettling experience, and it's completely natural to feel overwhelmed and worried about what happens next, especially concerning any money from the sale. Please know that during this challenging time, there are processes in place regarding how the proceeds are handled, and we want to help you understand them.

When a property is sold because of unpaid property taxes, the main purpose is for the local authority to recover the taxes that were owed, along with any accumulated interest, penalties, and the unavoidable costs involved in conducting the sale. It's really important to understand that the city or taxing body is generally only entitled to collect this specific amount – covering the back taxes and the related expenses.

Here’s a little more about how this typically works, and where hope can sometimes be found: If your home sold for more than the amount of the tax debt and the costs of the sale, that additional money is known as a surplus. This surplus doesn't just stay with the city. Instead, these funds are usually directed towards others who may have had valid financial claims or liens on the property, like a mortgage company or other creditors, following a very specific legal order. Crucially, after all valid debts and the necessary costs associated with the sale are carefully settled from the proceeds, any remaining funds are rightfully yours as the former homeowner, representing a potential path towards recovery. It's completely understandable that you're wondering about this money you haven't heard about – it points to a significant hurdle in the process. The frustrating reality is that even though the state typically sends a letter about surplus funds, it's often sent directly to the property you've unfortunately lost, making it incredibly difficult for you to receive this absolutely critical information when you need it most. There's an urgent deadline you need to be aware of: while these surplus funds are rightfully yours, the state can legally keep them if they aren't claimed within a specific time frame. We need to act quickly, and our dedicated staff is here, urgently, to help lift this weight immediately. We specialize in navigating the process of recovering these surplus funds for people just like you who have gone through this hardship. We have a strong working relationship with the state to ensure your claim is handled correctly and efficiently. We have a caring staff that will fight with everything we have to make sure that we recover everything that belongs to you, and we also have lawyers on our staff that know the business inside and out and work along with the courts to make sure this is done correctly. The truly good news is that we work on a contingency basis. This means there are absolutely no upfront costs to you. We only get paid if and when we are successful in recovering your funds. We are truly here to serve you and help you begin to recover from this difficult chapter. Please complete the form below, and we will contact you shortly. For faster service, complete the form and then call,or text 904-887-5150,or email us at kingassetsr@gmail.com

We hope to hear from you soon