Recovering Your Unclaimed Money
Texas Law for Excess Proceeds
The Texas Tax Code Section 34 allows for the collection of local taxes for counties, cities, schools and other local taxing entities on the value of property held in the county by property owners, including unpaid mortgage by the borrower. Tax or mortgage delinquent properties are sold in a Tax Foreclosure sale ever month in each Texas county. If the property is sold for more than the amount of taxes owed the various taxing agency, the excess amount remains in the county unless the previous owner petitions for their money. Unfortunately, quite often, the previous homeowner, business, estate or financial institution is not found or is not properly notified by the county that excess proceeds remain. Other times the previous owner (or their heirs) did not receive notice of excess proceeds or could not be found. The county only has to send out one notice letter which is typically sent to the address of the property foreclosed on. Consequently, the previous owners (or their heirs) are not aware remaining uninformed, and the county keeps the excess proceeds permanently.
1. Call/email JB's Property Bargains LLC. if you would like to recover these funds.
2. Agreement Sent: Our legal agreement will be emailed through DocuSign or mailed through regular postal service. DocuSign is safe, legal, and the best way to expedite the process and receive your funds faster.
3. Attorney Contact: You agree for our attorney to work on your behalf and accept a quick call to verify personal information/heirship to begin the legal process.
4. Waiting Period: Attorney will work to file motion and recover funds from the courts. This process can take anywhere from 3-6 months or more.
5. Judgment and Release of Funds: When the judge determines the funds are being released to the rightful owner(s)/heir(s), the attorney will mail a check to your home address with the portion owed to you.
Not to mention
Our Process
And let's not forget
Why Choose Us
Proposed Solution:
Partner with the Experts: JB's Property Bargains LLC. partners with top-notch attorneys who specialize in real estate/tax law and excess proceeds recovery. These experts work on your behalf, and we help oversee the process.
• No Upfront Fee / Out-of-Pocket Costs: With us and our recommended attorneys, there is no upfront fee to our clients and no out-of-pocket expense at any time. All the work is completed on a contingency basis, with a minority percentage given to JB's Property Bargains LLC. only if funds are recovered for you.
• Security: You can rest knowing that the work is being done for you by professionals. This eliminates potential paperwork filing errors or other complications, which can cause process delays or a negative judge ruling (meaning a decline in refunding your money)
Our Agreement Details
Surplus Recovered Percentage to HPR
$25,000 or Less 10%
$25,001 to $50,000 15%
$50,001 to $75,000 20%
$75,001 to $150,000 25%
$150,001 to $250,000 30%
$250,001 to $500,000 35%
$500,001 or More 40%