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There are several factors that influence how long a surplus funds claim may take to file. On average, our claims usually take between 3-6 months to complete.

Some of the factors that can impact how long your claim may take to payout are 

• The County.
  • Each county has it’s own claims process so they will all have different turn around times.

     

• The age of the claim.
  • If the funds have been “escheated” (that is, transferred) to the State Treasury, you can add another 2-3 months to the typical claim resolution time.

     

• How straightforward & responsive the claimant is.
  • Being forthcoming with all the necessary case information is important so that we aren’t hindered by extra legal research to flesh out conflicting information.  There is no need to hide anything from us. It will do nothing but delay your claim and make us sad. Don’t forget, as your attorney, everything we know about you is considered & treated completely confidential!

     

• How easy it is to contact and collect information from other potential claimants.

   

• How responsive all involved parties are.

   

• Outstanding Debt.
  • Having a large number of outstanding liens on the property, or if there is a lot of outstanding debt still owed. These factors not only add to the time it takes to file the claim (you must contact each potential claimant to inform them of your claim to the funds) – but if the debt is legitimate, it reduces your overall payout by being paid by the surplus to make the lender whole again.