Understanding Excess Proceeds Recovery in Texas – GovUnclaimedAssets.com
GovUnclaimedAssets.com specializes in helping Texas property owners recover excess proceeds, surplus funds, and foreclosure overages after a tax or mortgage foreclosure sale. Navigating the Texas excess proceeds recovery process can be complex and time-sensitive, so working with a professional team and experienced attorney is key to maximizing your claim.
What Are Excess Proceeds?
Excess proceeds—also called foreclosure surplus funds, overages, or unclaimed funds—are the leftover money when a property is sold at a tax sale or foreclosure auction for more than the amount owed in delinquent property taxes, penalties, accrued interest, and fees. In Texas, these funds are deposited with the county court registry and are typically available to claim for up to two years after the foreclosure sale before being transferred to the county, city, or local taxing units.
Who Can Claim Excess Proceeds?
Eligible parties include property owners, lienholders, heirs, and sometimes taxing authorities—the court uses strict Texas Tax Code §34.04 rules to determine who can recover excess proceeds. When there are multiple parties, the court will either require an agreement or issue a ruling to distribute the funds. Taxing authorities may also file additional post-judgment claims if more taxes accrue after the original lawsuit.
How to Recover Foreclosure Surplus Funds
To initiate a claim, follow these steps:
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File Your Excess Proceeds Claim: Submit a petition with the county district court where the property was sold. You have only two years (“two-year deadline”) from the date of sale to file your claim.
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Provide Documentation: Prepare documentation proving your ownership interest, lien, or heirship, such as a property deed, lien release, or probate paperwork.
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Pay Required Fees: Court filing and administrative fees may apply to process your claim.
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Attorney Representation: Corporate or business owners must use an attorney licensed in Texas. At GovUnclaimedAssets.com, we are experts in the asset recovery business—helping clients across Texas claim excess proceeds, surplus funds, and foreclosure overages. We work closely with experienced attorneys who guide us through complicated cases and required court procedures, ensuring each client’s claim is handled with precision and compliance.
Our approach is simple: just contact us, and we’ll take care of everything. Whether your situation is straightforward or deeply complex, our team and our legal partners will handle all the paperwork, filings, and interactions with the court on your behalf. You won’t have to worry about missing deadlines or legal technicalities.
Attend a Hearing: When there are competing claims or disputes, the court may hold a hearing to decide how the foreclosure surplus is distributed.
Why Work With GovUnclaimedAssets.com?
We handle every aspect of the excess proceeds recovery process: sourcing your case, preparing paperwork, working with attorneys, and providing updates throughout your claim. Our familiarity with the Texas foreclosure process, two-year statute of limitations, and court procedures helps property owners and lienholders claim the maximum amount of unclaimed funds.
Ready to see if you qualify for a foreclosure surplus refund or need help filing an excess proceeds claim in Texas? Contact GovUnclaimedAssets.com today for a free evaluation and let our team of experts and attorneys maximize your recovery