Once a house goes into foreclosure it’s sold at auction. The proceeds go to cover the debt owed on the mortgage or unpaid back taxes. Since the closing bid is often higher than the debt it results in a surplus which is deposited into an account. The surplus belongs to the original owner who is often unaware it’s available. If unclaimed for too long, the surplus “escheats” and is confiscated by the government.
White Knight Refunds audits databases full of accounts that contain surplus funds. Once found, we begin locating the owner. The process of recovery often requires attorney fees. These fees are expensive. So we recover the surplus for a small fee, then send you a check with the balance.
Once you agree to let us manage your claim we’ll send you an authorization package. These documents allow us to work on your behalf and again, there are no out-of-pocket expenses to you. We’re paid ONLY upon the successful recovery of your claim. We pay ALL related expenses until the claim is recovered. If the claim is unsuccessful, you owe nothing.
After receiving your documents just get them notarized at your local bank. This service is often free. If you can’t get to a notary, we’ll provide one online or in person. If in person, a mobile notary will walk you through the paperwork and mail it back on your behalf. If you need money now we can buy out your claim, depending on the sum. We’ll cut you a check as soon as we receive your paperwork. Whatever your needs, we’ll do our best to accommodate you.
Once we receive your package we’ll process your paperwork and forward it to one of our attorneys who will file your claim. At that point the process is only as fast as the court allows. (Anyone that says they can do it faster is lying to you and should not be trusted.)
Claims are usually processed within 3 to 5 months depending on the state and the volume of their case load. Typically, 60% to 70% of the funds collected are paid out within 30 days of recovery. So the sooner you contact us, the sooner your check arrives.
