We Reover Your Surplus Funds From Tax sales

Who We Are:

We are a dedicated team of specialists from the real estate & mortgage industry that saw that there were all these funds on lists that not many people know about. We looked into it a little further & realized there are billions of surplus funds just sitting around not being claimed. The reason no one is claiming the funds is because they don't know they exist. The bureaucracy holding them is obviously not interested in telling anyone about the funds, because in many cases (depends on the state) if the assets are not recovered by a certain time frame (sometimes months, sometimes years,) then the bureaucracy gets to keep them.

Once we learned that there are so many people that were owed substantial amounts of money but would possibly lose out because they were not aware. We decided to lead the charge & notify as many people as we could. We soon learned that it wasn't enough just to know you are owed the funds. As with everthing involving bureaucracy, there's tons of red tape as well as some hurdles to jump through.

That's where we come in, we decided to learn all the ins and outs of how to cut through all the red tape. We learned quickly that if you don't know how to navigate this labyrinth of bureaucracy, your window of opportunity can 'expire.' It's a dirty trick, but if you know what you're doing, you can prevail.

When we started out on this journey, we thought it would be the easiest & most rewarding job in the world! Imagine getting to bring GREAT news to so many people...for a living? Sounds like a dream right? We were very surprised at how difficult it is to get people to even take your phone call. We almost always get hung up on, on the first call right off the bat. We do understand that most of us are conditioned to think that any stranger that calls, must want something from us. With all the telemarketing that has gone on since the phone was invented, it's only natural to be leary. When we are eventually able to talk to people, it's very difficult for them believe what we're telling them.

Who would think that once the government takes & sells your house for a few missed tax payments, that they would actually owe you money? Well they do! Think about it, some people have paid for the house of almost 30 years & in many cases, they paid it off. When the government sells your house at auction, they are only doing it to pay the IRS the late taxes. In actuallity that is all that they are (supposed) to collect.

Let's say a house that was paid off but behind in taxes equalling $5,000. Let's say that the house is worth $250,000 at the time of the auction. Let's say the house sold at the auction for $250,000. The government pays the IRS the late taxes from the proceeds, leaving $245,000 that they are by no means entiled to. Sometimes, there are other leans on the property, that they will pay as well. For this reason, they set these proceeds aside for a period of time (every state has their own time frames & rules,) giving the lienholders a time frame to collect on the debt. If no lienholders ever file a claim within the allotted timeframe, then the funds belong to the person that owned the house prior to the auction. Now, there was a time not too long ago, when the states wouldn't tell anyone about this & they would let the clock run out on the funds & then just keep it themselves. There have been court cases in the last 5 years at the state level. Most of the states ruled that the government has to tell the homeowners that they have money owed to them from auction proceeds. For the most part, they will send a letter to the "last known address." and that is all they are required to do.

Our Services

Tax Sale Surplus Fund Recovery

Free Consultation

Contact Us

Reach out to us for assistance with surplus fund recovery.

info@RapidCapitalRecovery.com