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.

The government agencies that are holding the funds don’t post these online and will not show up in an internet search. There are state websites that list unclaimed funds but these are not the funds that we have discovered. If you don’t use a professional service like ours and try to find it yourself, there is a slim chance you will find it on your own. You could always file a law suit in court against someone as well on your own, however your’e more likely to get  a good result using an Attorney. Same principles apply when trying to claim these funds.

We never charge any upfront fees. We absorb all the costs associated with filing the claim and recovering the funds. We only get paid when we successfully recover the money. If we cannot recover the funds, which is uncommon, then it costs you nothing. We get paid from a portion of the funds recovered with the client getting the majority share.

Each government agency has different procedures and timelines. Depending on the agency and the type of claim, it can take as little as 90 – 120 days from the filing date to receive the funds . At the moment we are seeing the process is taking a little longer than normal due to Covid 19.

Contact FM Asset Recovery by phone or email and a representative will discuss your claim in more detail and send the paperwork out to you to be signed. Once we receive all the paperwork back, then we will put your claim package together and file it with the proper agency within 48 hours. We will keep you informed throughout the entire process until the money is in your hands.

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