F.A.Q
Common Frequently Asked Questions
FM Asset Recovery specializes in locating and recovering overages or surplus funds that result from a foreclosure sale. We then contact the rightful owner to help them recover those funds and get it back into their pocket.
When a property is sold at auction, sometimes it sells for more than what is owed to creditors and lien holders. We believe the difference should go back to the homeowner or their heirs. If this money is not claimed within the strict deadlines set by each state, then the money is forfeited to the government and cannot be recovered.
We regularly audit government agencies throughout the entire country for overage funds belonging to private citizens. Some States have more restrictions than others
Since we don’t charge an upfront fee, it is our policy to not disclose the location of the funds until an agreement is signed. Once our contingency fee agreement is signed, we will gladly disclose the location of the funds, file the claim, and keep you notified throughout the whole process.
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