Foreclosures
Recovering Excess Proceeds from Foreclosures
When a property is sold, the lender can only recover the amount still owed from the mortgage. If a property sells for more than what was owed, then "excess proceeds" belongs to the owner(s) of the property at the time of sale. Most people are unaware that there may be funds to claim after their property sales.
Our job consist of researching and providing all related information associated with the property sale as well as your rights as an entitled party. Additionally, we provide resources so you do not have to spend your time or money looking for the best legal representation with the best rates. The other benefit of working with firms in our network is that we add another layer of support, service, and advocacy as you go through this process.
We provide a no-pressure, no-obligation consultation and help determine your best course of action based on the property auction information, underlying circumstances, and any other information you provide. We have heard countless stories from homeowners about companies or law firms calling incessantly, being dishonest or rude, or promising to save their home (rescind the sale) after it has been auctioned. According to many of these homeowners, once they signed an agreement to retain other legal services, they received little to no communication, calls were never returned, and they still lost their home along with a large amount of their excess proceeds. In some cases, they lost as much as 35% - 60%. We have helped facilitate the cancellation of many bad contracts with high excessive rates for the recovery of surplus funds. We are working diligently to combat the growing number of scams and predatory agencies seeking to profit from others' unfortunate and vulnerable circumstances.
We work on a contingency bases meaning we will not collect our fee until the job is done successfully. This also means will never ask you for your credit card or bank information as we do not need that information to pay you.
Unclaimed Property - California
Recovering Unclaimed Property for Individuals and Heirs
Taylor’s Living Benefits, PLLC is a registered Investigator with the state of California and we are committed to offering our proven expertise in the administrative and judicial proceedings necessary to prove entitlement and secure the release of unclaimed property and other assets. We possess the depth of resources necessary for the expedient recovery of what rightfully belongs to you and/or your family.
Unclaimed property is generally defined as any financial asset left inactive by its owner for a period of time, typically three years. California unclaimed property law does not include real estate. The most common types of unclaimed property are:
- Bank accounts and safe deposit box contents
- Stocks, mutual funds, bonds, and dividends
- Life insurance proceeds
- Certificates of deposit
- Matured or terminated insurance policies
- Estates
- Mineral interests and royalty payments
- Trust funds and escrow accounts
- Utility account deposits
We work on contingency; therefore, we can only earn our fee once we have successfully recovered the funds. We will never ask for your credit card information.
Bankruptcy
Recovering Excess Proceeds from Bankruptcies
The most common two bankruptcies are Chapter 7 & 13. In general terms, Chapter 7 involves a liquidation of assets to pay off debt, and chapter 13 involves a payment plan that can last for a number of years. In the case of excess proceeds, it is more common to come across excess funds from chapter 7 bankruptcies.
Excess proceeds from chapter 7 bankruptcies are produced when the assets sold are worth more than the debt(s) itself. Our experienced recovery specialists uses a vast amount of data and resources to identify unclaimed property and reach out to their respective entitled parties. We handle all the paperwork and filings so you don't have to, and collect a small fee for our services on contingency.
We handle cases that range from new to 50 years old while staying compliant with state and federal laws. Filing bankruptcies is a tough situation no one wants to go through. The last thing people want to do after going through a bankruptcy is go back to the case after the case is closed and deal with the same judge. We take that pressure off our clients and handle the legal work while keeping them well informed.