The process
Research and Agreement: Once we have identified potential claimants, our dedicated team of researchers and private investigators conducts extensive research to locate the individuals or their heirs. Once located, we reach out and provide them with an agreement form to initiate the process of reclaiming the surplus funds.
Title Search and Liens Check: To ensure a smooth and successful claim, we perform a thorough title search on the property associated with the surplus funds. This search helps us identify any outstanding liens or creditors that need to be addressed during the claim process.
Verification of Available Funds: Before proceeding with the claim, we confirm the availability of the surplus funds. This step ensures that the funds are accessible for the rightful owner or heirs to claim.
Preparation of Legal Documents: Our experienced team takes care of preparing all necessary legal documents required for the claim. We handle the entire documentation process and bear all legal filing fees, relieving our clients of any financial burdens associated with the claim.
Notarization and Claim Submission: Once the legal documents are prepared, we proceed with getting the county documents notarized to validate the claim. We then submit the claim to the appropriate county or state treasury department on behalf of our clients.
Ongoing Follow-Up: After the claim is submitted, we take the responsibility of following up with the county or state treasury department to ensure that the process is progressing smoothly. We keep our clients informed and updated throughout this stage until a successful payout occurs.
Successful Payout: Our dedicated efforts and expertise maximize the chances of a successful payout. Once the surplus funds are disbursed to the rightful owner or heirs, we receive our contingency fee as agreed upon previously.
Common client questions
“Why wasn’t I made aware of my surplus funds?”- The county sends out surplus notifications letters, but most of the time it's to the last address on record (the foreclosed property) so you are never informed.
How much will this cost me? - The beauty of working with us is that we charge NO upfront fees and only get paid a finders fee upon a successful claim, so you bear no risk at all.
How much is the fee upon a successful claim? Robin Hood Asset Recovery will receive a fee between 10-33.3 percent depending on the variables of the case as well as the state regulations.
What about the legal/filing fees?- We understand that legal fees can be a major concern when pursuing funds. To alleviate this worry, we take care of all legal fees associated with the claim. Our team of licensed attorneys possesses the expertise needed to handle the legal aspects of the process. This allows our clients to have peace of mind, knowing that their claim is being handled by professionals who will navigate any legal complexities on their behalf.
How did you get all of my information?- We work directly with county treasury departments to receive all potential client documentation, foreclosure, surplus and property information as well as payment upon a successful claim.
Can I just file the claim myself? - Yes, usually you can file the claim yourself. However, many individuals who attempt filing these claims themselves end up having their claim rejected and therefore working with an asset recovery service anyway. Asset recovery professionals file these claims day in and day out and have close relationships with attorneys with a variety of legal skill sets that may be required on a case by case basis. For example, if a case involves a deceased individual the case would require an estate attorney and cost thousands out of pocket in probate court fees. With Robin Hood Asset Recovery by your side you can sit back and relax with zero upfront fees while our expert attorneys and asset recovery professionals fight for you inside and outside of the courtroom.
How long will it take to get paid?- These are legal claims so it usually will take anywhere from 2 weeks to 3 months for the county/state to disperse funds.