FAQ

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U.S. SUPREME COURT REINFORCES PROPERTY OWNERS RIGHTS TO EXCESS SALES PROCEEDS AFTER THE SALE OF SEIZED LAND.

On May 25th 2024 the Untied States Supreme Court reaffirmed the general principle that a creditors that has seized property to satisfy a debt is not entitled to the remaining unclaimed sale proceeds once the debt has been paid. In summary, the key take always form this case are; 1). The government may not retain any surplus from the proceeds of seized or sold properties above what is necessary to satisfy the debt; and  2).A scheme that permits the government to retain surplus proceeds may amount to unconstitutional  excessive fines.

 

Frequently Asked Questions

What are excess proceeds?
Excess proceeds are funds that result from the sale of a property in a foreclosure or tax lien sale that exceed the amount owed to the lender or government. They belong to the former property owner or lienholder.

How are excess proceeds created?
Excess proceeds are created when a property is sold in a foreclosure or tax lien sale for more than what is owed. This can happen due to various factors such as market conditions, property value, and bidding competition.

What are my rights to claiming excess proceeds with Proceeds Recovery Group LLC?
When you work with Proceeds Recovery Group LLC, you have the right to claim the excess proceeds from foreclosure and tax lien sales. Our team will guide you through the process, ensuring you receive the funds you are entitled to without any upfront fees.

Ready to claim your excess proceeds?

Don't miss out on what is rightfully yours. Contact Proceeds Recovery Group LLC today to start the recovery process.