Sunday, April 17, 2011

Homeowners are owed Money in foreclosure "Excess funds"


this has been a finding on my part that the state has money for homeowners who have been foreclosed on an your wandering how is that well real simple once your no longer able to make payments becuz of death or injury or you have been laid off the banks take back the property you so got attach with an to make it much

more devasting the sheriffs come to your home an put a sign on your property advise you that you need to leave an you move on well a few months pass an your property has been bought by an Investor who paid handsomly for it at the auction an now the bank has there money an the investor has a home as well

to break it down for you if you owed $50k to the bank an the investor paid $100k then that is called an overbid or overage an that created a surplus fund of $50k in which the state creates an acct with the homeowner name on it an put it in a interest bearing acct if the homeowner does not claim it in 3 years sometime even longer the state

keeps it an here is the kicker they sent the homeowner a letter saying they have funds but they sent the letter to the address they use to live in so he or she never receives it an thats where i come in an help property owners get there money back an at the same time make a few dollars as well for more info.or if you lost a home here in Indianapolis shoot me an email an lets see if i can help you.

Elia Santiago
317-855-8366
esantiago340@yahoo.com

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