How It Works
Just found out you could be entitled to a refund from a property’s foreclosure? Check out the information below for how it works.
Where Is the Overage From?
Who Is Entitled to These Funds?
Why Choose PEAK Overage?
How Do I Know This Is Safe?
Contact Us
Get the Paperwork Completed and Returned
Let Us Do What We Do. Sit Back and Relax
Collect Your Check
Recouping your overage individually can be a challenging, expensive, and lengthy experience. PEAK is here to take that stress away from you and use our expertise to get your funds back in your hands hassle free.
Where Is the Overage From?
When a property is foreclosed on for an unpaid mortgage loan, the property is returned to the Lender. They will then auction off the property and sell it to the highest bidder. However, the lender doesn’t just get to keep all of the sale money. In fact, when a property is sold for an amount GREATER than the amount owed, that is called a Foreclosure Overage. The lender can only take the amount they were owed, and the government will temporarily hold on to the excess funds.
Who Is Entitled To These Funds?
By law, the most recent owner of the property (or their heirs if applicable) is entitled to the overage created from the foreclosure auction. Unfortunately, most people are not even aware of these overages, let alone know that the money belongs to them! If these funds remain unclaimed past the state’s time allowance for redemption, the money goes straight to the government for them to spend how they choose. PEAK performs consistent audits on government sites to get the people their money back as often as possible.
Why Choose PEAK Overage Solutions LLC?
Honestly, you do not have to. PEAK is only here to make the process of getting your overage funds back easier for you! As the process of foreclosure is a legal process, the claimant would be fully responsible for all upfront costs like initiating the claim, hiring a lawyer, locating all necessary government documentation relevant to their claim, etc. PEAK will cover ALL upfront costs, and we only get paid on the contingency that you get your money as well. Just to be clear, we do all the work; there is NO UPFRONT COST; and we only get paid if YOU get paid. If we start this process together and for any reason the funds cannot be claimed, you will not owe ANYTHING.
How Do I Know This is Safe?
We are aware that the idea of getting money back from an unfavorable past experience like having your property foreclosed on can sound a little “too good to be true”. We want to ensure to all our clients that working with PEAK is 100% safe because we will never ask you for any financial information upfront, and we won’t ask you for any payment if we can’t uphold our end of the bargain. This means that choosing to work with PEAK Overage is COMPLETELY RISK FREE.