Summary:  Did you know that when a property is sold due to unpaid taxes in Texas, sometimes the sale brings in more money than what’s owed? This extra money, called a tax sale “overage” or “excess proceeds,” could be rightfully yours. But, claiming it involves navigating complex legal procedures. This post will explain the basic idea of property tax foreclosure sale overages, why you may be entitled to them, and how we can help you claim what’s rightfully yours.

Net Claim Works is an agency that helps people like you recover money that’s owed to them after a tax foreclosure sale in the USA. (FYI, We don’t work on Texas claims too often due to the complexity of Texas procedures.). It may sound strange, but it’s true: sometimes, when a property is sold for unpaid taxes, there’s money left over after all the taxes, penalties, and costs are paid. This money doesn’t just vanish; it’s held by the court, waiting for the rightful owner to claim it. That’s where we come in.

What Are Tax Sale Overages?

• When your property is sold at a tax sale, it’s supposed to cover all the unpaid taxes, penalties, interest, and costs associated with the sale.
• However, sometimes the sale brings in more than what is owed. This extra money is referred to as “excess proceeds” or a tax sale overage.
• This money is held by the court clerk, and if you are the former owner of the property, you might be entitled to it.

How Do I Know if I’m Owed an Overage?

• If your property was sold at a tax sale, and you were a defendant in the judgment, there’s a chance you may be entitled to an overage. This is especially true if the property sold for more than the amount of the judgment.
• The clerk of the court is required to send a notice to the former owner of the property, informing them of their rights to claim the overage. However, this notice may not always reach you, especially if you have moved.
• Even if you didn’t receive a notice, you might still be eligible to claim the money.

Why is it Hard to Claim an Overage on Your Own?

• Complex Legal Process: Claiming excess proceeds involves navigating legal procedures, understanding specific deadlines, and filing paperwork with the correct court.
• Specific Filing Requirements: The process includes filing a petition with the court that ordered the sale, serving notice to all parties involved in the original case, and attending a hearing to establish your claim.
• Strict Deadlines: There is a strict deadline, two years from the date of the sale , to make a claim for excess proceeds. If you miss this deadline, you could lose your right to the money.
• Priorities for Payment: The court will distribute the proceeds according to a strict set of priorities. Some other entities may have priority over your claim, and this process can be difficult to understand without legal expertise.
• Restrictions on Transfers: There are specific rules about how you can transfer your claim and how much an assignee can charge you for their services.

How We Can Help

• Expertise: We specialize in navigating the legal complexities of tax sale overages. We understand the laws, deadlines, and procedures.
• We Do the Heavy Lifting: We handle the paperwork, communicate with the courts, and make sure all filings are done correctly and on time.
• Maximizing Your Claim: We’ll work hard to maximize the amount of overage you are entitled to.
• No Upfront Costs: We work on a contingency basis, so you only pay us a portion of the overage we recover for you. This means there’s no risk to you.

What Should You Do Now?

If you think you might be owed money from a tax sale, contact us today. We can assess your situation, determine if you have a claim, and guide you through the process. Don’t let this money go unclaimed. Let our experts handle the complicated legal details, so you can claim what is rightfully yours.

Conclusion

Tax sale overages can be difficult to navigate alone. We understand the frustrations and challenges that former homeowners face, and we are here to be your expert guide in recovering these funds. It can be a complex and challenging process, but we’re here to help you every step of the way.

Keywords: Texas, property tax, tax sale, overage, excess proceeds, unclaimed funds, property rights, claim, redemption