understanding foreclosures
What do people typically know about foreclosures?
In the event of either a tax deed or mortgage foreclosure, the county will hold an auction on the foreclosed property, to collect the unpaid taxes and/or mortgage value owed to them. Most people at this point attempt to sever all connection to the foreclosed property, in an attempt to escape from debt collectors. Although this common response may save you from a headache, our attentive asset recovery agents will justify the value we provide by taking just a few minutes of your time.
What is an example scenario?
If a property worth $100,000 is foreclosed and the amount owed to either the county, or the lender, in taxes was $30,000, then the auction house will open the bidding at $30,000. On average, during these auctions, foreclosed properties usually sell at about 70% of their current market value. So, in this example, this property would be sold at approximately $70,000.
But hold on! Now that the county, or the lender, is only legally entitled to collect the $30,000 owed to them, i.e., the auction’s opening bid. So now, the real question is: what happens to the additional $40,000 remaining from the sale, after the debt has been settled? This is where our experts at EAS step in to recover your cash!
What are the advantages of working with the EAS family?
Here at EAS, your asset recovery consultants, we will fully represent you in the complex claiming process. The real charm of working with us is that we charge NO upfront fees! We have knowledgeable attorneys in all 50 states, and they all understand that money is an issue in these cases. Simply put, the EAS Family is paid through our processing fee, which is contingent upon a successful claim.
By working with us our underwriting team will verify your eligibility, perform deep research to collect all necessary data the county needs to approve the claim. If any funds exceeding the original debt(s) owed are legally entitled to you, the previous owner, our underwriters consider any 2nd mortgages, liens, or judgments. During our in-depth analysis, our atypical technology can examine both your personal and business credit without affecting either score.
Our platform boosts efficiency, accuracy, and effectiveness via our experienced team and powerful technologies integrated in our toolbox. This ensures that the claim will be approved. Our simple platform focuses on removing the burden on your precious time, attempting to navigate through the intricate complexities of submitting a successful claim, allowing you to focus on what matters most: your work and family.
How can we put your mind at ease amidst stressful times?
We know this may sound strange but think about it. When a foreclosure happens, folks are dealing with relocation, severing ties to their former property (due to pestering debt collectors), and hunting for better employment to find stability in their lives. Folks, including family, may need time to process emotional and spiritual adversities connected to financial hardships.
Those going through financial hardships typically do not have time to deal with counties, banks, debt collectors, etc., as the procedures are long and tedious. There are usually more pertinent tasks to handle. To better serve you, we handle everything from start to finish, so you can tend to your priorities, and we will not ask for more than a few minutes of your time.
Additionally, in some counties across the U.S., if surplus funds continue to go unclaimed, they may eventually legally be collected by the state’s treasury; this depends on each individual state’s laws.
Our EAS Asset Recovery Specialists are here to step in for you, saving the day by recovering your rightful cash when you need it most. Feel free to contact us now.