Free Educational Guide
The 17 Mistakes Families Make When Trying To Recover Funds
Recovering surplus funds after a tax sale or foreclosure is complex — and well-meaning families routinely make preventable errors that delay their claim, reduce their recovery, or forfeit their rights entirely. This guide catalogues every major pitfall so you can navigate around them with confidence.
What's Inside This Guide
- Mistake #1: Missing statutory deadlines — how claim windows work, why they vary by jurisdiction, and the systems to use so you never lose track of a filing date
- Mistake #4: Signing contracts that assign away too much — how to spot predatory fee structures, excessive contingency percentages, and hidden assignment clauses before you sign
- Mistake #7: Filing claims without the right documentation — why incomplete applications get rejected and the specific paperwork every claimant must have ready before submitting
- Mistake #10: Not involving an attorney when the situation demands one — the scenarios where legal counsel is essential and the risks of proceeding alone
- Mistake #13: Failing to coordinate among multiple heirs — how internal family disputes create deadlock, delay claims, and sometimes cause the funds to escheat to the state
- Mistake #16: Assuming the funds have already been claimed — why you should never take someone else's word that there is nothing to recover, and how to independently verify
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This guide is for educational purposes only and does not constitute legal advice. Every excess proceeds situation is unique. Consult a qualified attorney for advice about your specific circumstances. National Excess Proceeds Exchange is not a law firm.