FREQUENTLY ASKED QUESTIONS
We're here to help, and we strive to always operate as fully transparent as possible.
So if you're questions aren't answered below, just reach out!
WILL YOU REALLY BUY MY HOUSE AS IS FOR CASH?
The simple answer is YES, we absolutely will! But we need to gather some information first in order to make what we feel is a fair and reasonable offer. Typically, our clients who ask for this servce are those who are facing pre-foreclosure, or maybe have inherited a property that is in distress and need to unload it. While we are in business to make money- just like everyone else- we do try to be as fair and reasonable with our offers and understanding as regards to your situation. Once we make an offer, and we agree to terms, we will need 10-14 days for an "inspection period" (this costs you nothing!). This allows us to make sure that everything you have disclosed regarding the property is true and to get a real "hands on" view. Then we can get to closing and get you paid asap.
WHAT IS A FIX AND FLIP?
Fix and Flip is a term used to refer to taking a home that may be in disrepair or severly outdated and completely renovating it, and then reselling it. We use licensed contractors for all work, have a home inspection and list them with the best agents when complete and resell them at fair market value.
IS THE SURPLUS AND OVERAGES I AM OWED, REAL?
YES! If we have contacted you, that means we have located a list or file that includes your name and previous residence as a qualifying claimant. IT COSTS YOU NOTHING to let us find out and see what you are owed and if we can get it for you.
When your home went into foreclosure or was sold at a tax auction, it was sold for a PROFIT- meaning, over the amount you owed the bank or local government. That profit (aka surplus or overage) is being held in a separate fund that most people are unaware of. Through our research and legal team, we have identified funds taht possibly belong to you, so lets go find out!
WHY DO I NEED YOU? CAN'T I JUST CLAIM THESE FUNDS ON MY OWN?
Sure- you can TRY. But before we contacted you, you most likely didn't even know you were owed those funds. So, what makes you think you can go get them on your own without some help from experts with experience in getting them? You can certainly attempt to do it, but be advised you will incur alot of up front costs and frustrations, and potentially make critical mistakes in filing that could cost you your claim rights. Why risk that? It costs you NOTHING for us to go to work for you, and we only get paid if we are successful in claiming you your money. Let us help you get what you are owed. You sit back and collect while we do all the work.
HOW MUCH DOES IT COST FOR YOU TO GET MY MONEY?
There are no upfront costs for YOU. Once you agree to our terms and give us permission to work on your behalf, we put up all of the upfront money to begin the process. This includes title searches and legal fees among other things. Our fees for finding, filing and collecting on your behalf is typically 40% of the total money collected (meaning YOU KEEP 60%!), plus the recovery of our expenses (in a typical case it could be $2,500-$3,500 depending on the difficulty). Based on our initial conversation with you, we will agree to the finders fee terms in writing before proceeding.
HOW LONG DOES IT TAKE TO GET MY MONEY?
This is the most popular question and for good reason! No two claims are exactly the same, and depending on the state that the residence was in at the time of sale, the level of legal difficulty and the department where the funds exist, it can vary. We try to set realistic expectations and like to say it can be anywhere from 3 to 6 months before you have a check in hand. Again, we keep you posted on the process and every step of the journey, and will communicate clearly how things are progressing and when the money, if we are successful, will be funded and sent. Depending on the size of the claim, either us or our legal team will hold the funds for 30 days to allow for it to clear completely before dispensing to you. We will be sure to communicate this to you if this will be the case.