FAQ
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National Equity Agency is a professional surplus recovery company that specializes in helping individuals and organizations recover surplus funds from property sales, particularly after a foreclosure or tax sale.
Yes, we are a licensed surplus recovery company, and we carry insurance to protect both our clients and our operations.
Currently, our primary focus is on surplus recovery within the United States. We may not be able to assist with international cases.
Our fees are typically a percentage of the recovered surplus funds. The specific percentage may vary depending on the complexity of the case and the state’s regulations.
Yes, you can attempt to recover surplus funds independently. However, working with National Equity Agency can be advantageous because we have the expertise and experience to navigate the legal processes efficiently.
The duration of the surplus recovery process varies depending on the circumstances and local regulations. It can take several weeks to several months to complete.
To get started, you can contact us through our website or call our toll-free number. We will guide you through the initial steps and evaluate your eligibility for surplus fund recovery.
Generally, your mortgage lender cannot claim your surplus funds, and they cannot pursue you for the
funds if you rightfully claim them.
Surplus funds are the remaining proceeds from a property sale after all debts, including the mortgage
and foreclosure expenses, have been paid off.
You may be entitled to surplus funds if the sale of your property fetched more money than needed to
satisfy the outstanding debts.
The surplus funds come from the sale of your property, typically through a foreclosure or tax sale
Usually, the property owner or anyone with a valid legal interest in the property can claim surplus funds.
You may have a legitimate claim to the surplus funds if you have a legal interest in the property, such as a lienholder or heir.
Yes, you can attempt to collect surplus funds on your own, but it’s often beneficial to work with a
professional service like National Equity Agency for guidance and expertise.
The timeframe to claim surplus funds varies by jurisdiction, but it’s essential to act promptly to ensure you don’t miss out.
Typically, surplus recovery services like National Equity Agency work on a contingency basis, meaning you only pay a fee if they successfully recover funds for you.
If you choose not to collect the surplus funds, they may be turned over to the state or another entity, depending on local laws.
You may have a legitimate claim to the surplus funds if you have a legal interest in the property, such as a lienholder or heir.
Generally, your mortgage lender cannot claim your surplus funds, and they cannot pursue you for the funds if you rightfully claim them.
Yes, you can attempt to collect surplus funds on your own, but it’s often beneficial to work with a professional service like National Equity Agency for guidance and expertise.
The timeframe to claim surplus funds varies by jurisdiction, but it’s essential to act promptly to ensure you don’t miss out.
Typically, surplus recovery services like National Equity Agency work on a contingency basis, meaning you only pay a fee if they successfully recover funds for you.
Typically, surplus recovery services like National Equity Agency work on a contingency basis, meaning you only pay a fee if they successfully recover funds for you.
Yes, you may still be entitled to surplus funds even if your property is sold in an HOA foreclosure, but it depends on the specific circumstances.
The answer is “maybe”! Each case is different based on many factors, including which parties are named in the foreclosure suit. National Equity Agency’s legal team can provide you with a detailed overview of your specific case at no cost to you. In many cases, other liens and mortgages not named in the foreclosure suit may not be entitled to the surplus funds.