LCG RECOVERY

FREQUENTLY ASKED QUESTIONS

What is surplus funds?

 Excess funds, also referred to as surplus funds, overages, or excess proceeds, are remaining funds that can be requested by a homeowner following the sale of a foreclosed property at auction for an amount exceeding the outstanding mortgage payments or property taxes.

How much time does it take to receive the funds?

Government agencies, banks, and private organizations each have their own unique approach to handling the claims process. The duration of this process varies depending on the local regulations and the nature of the claim, typically ranging from 60 to 120 days from the date of filing. While certain cases may require additional time, it is worth noting that there have been instances where claims were resolved and paid out in a more expedited manner.

Is this a scam?

No! Our services do not require any upfront payment from you. We operate on a contingency basis, meaning we only receive payment if we successfully recover the funds for you. Rest assured, we will never request any payment information from you.

What specific information are you looking for from me?

We require confirmation of your contact details and identity. In the case of being an heir, it is necessary to verify your connection to the departed individual and your entitlement to the funds.

Can I claim my own funds?

Although it is feasible to assert surplus funds independently, the procedure can be intricate and time-consuming. Collaborating with surplus fund recovery specialists, such as LCG Recovery, can greatly enhance the likelihood of a successful recovery.