SURPLUS FUNDS FAQ
What are Surplus Funds?
Surplus funds, alternatively termed as 'overages' or 'excess funds,' arise when a property is sold at auction due to foreclosure, whether it be an association, mortgage, or tax-deed foreclosure. Frequently, the property fetches a price exceeding the foreclosure amount. These additional funds constitute a 'surplus,' rightfully belonging to the original homeowner or their heirs!
Can I collect these funds on my own?
Typically, you must file a motion with the court to collect surplus funds. You have two main options:
✅Hire your own attorney – This can be expensive, as most attorneys charge by the hour, regardless of whether your claim is successful.
✅Find an attorney who works on contingency – While this avoids upfront costs, contingency fees can be as high as 30% or more of your recovered funds.
Here’s the better alternative: When you partner with us, we cover all attorney fees and related expenses. You pay nothing out of pocket. We only get paid if you do—so if we’re unable to recover funds on your behalf, our services are 100% free.
Who can claim surplus funds?
The individuals or entities eligible to claim surplus funds from a foreclosure sale typically include: Original Homeowner, Heirs or Assignees, Judgment Creditors, Other Lienholders or Government Entities. It's important to note that the specific rules and procedures regarding surplus fund claims vary by jurisdiction, so individuals seeking to claim surplus funds should consult with a legal professional or the relevant authorities in their area for guidance.
What Areas Does Amazing Life LLC Serve?
Amazing Life LLC offers services nationwide, assisting homeowners in all states where surplus funds are generated from foreclosure or tax sales. We are knowledgeable about the specific laws and requirements in each state to ensure a smooth recovery process.
How Long Does It Take to Recover Surplus Funds?
The time it takes to recover surplus funds can depend on the complexity of the case and the legal processes specific to the state. However, Amazing Life LLC is dedicated to expediting the recovery process and providing clients with clear updates throughout.
Are There Any Upfront Fees with Amazing Life LLC?
No. Amazing Life LLC works on a contingency basis, meaning clients only pay a fee if their surplus funds are successfully recovered. This approach ensures a risk-free experience for homeowners.
Can Amazing Life LLC Assist with Surplus Funds from Tax Sales?
Yes, Amazing Life LLC specializes in recovering surplus funds from both foreclosure and tax sales. We are well-versed in the unique procedures and regulations surrounding tax sale surplus funds and guide clients through the process efficiently.
HOME SALES FAQ
What is a pre-foreclosure property?
A pre-foreclosure property is a home where the owner has missed mortgage payments, and the lender has started the process to repossess the property. Selling before foreclosure can help homeowners avoid losing their home and protect their credit score.
Why should I sell my property before foreclosure?
Selling before foreclosure allows you to:
✅Protect your credit score from severe damage.
✅ Avoid the stress of legal proceedings and public auctions.
✅ Control the outcome by deciding when and how to sell.
✅ Receive a fair cash offer and move forward on your terms.
How do I get started?
It’s simple! Just provide your property address, and our team will quickly assess your property and give you a fair, no-obligation offer.
Will you buy my property as-is?
Yes! We buy properties in any condition—you don’t need to make repairs or worry about cleaning.
Are there any fees or commissions?
No, there are no hidden fees or commissions. The offer we present is the amount you receive at closing.
What if I still owe money on my mortgage?
That’s okay! When we purchase your property, we work with the title company to ensure your outstanding mortgage is paid off at closing.
What happens if I don’t accept your offer?
There’s no obligation to accept our offer. You’re in control—we simply provide you with options to help you make the best decision.
Is my information kept confidential?
Absolutely. Your privacy is our priority. All information you provide is kept secure and confidential.
How do I know I can trust your company?
We have a proven track record of helping homeowners in tough situations. We prioritize transparency, fairness, and providing a hassle-free experience from start to finish.
SOBER LIVING FAQ
What is a sober living home?
A sober living home is a drug- and alcohol-free shared housing environment for individuals recovering from substance use. Residents live together in a supportive community focused on maintaining sobriety and rebuilding their lives.
Who is eligible to stay in a sober living home?
Our homes are open to individuals in recovery, recently released individuals from incarceration or rehab, and those in need of stable, supportive housing while transitioning to independent living.
How long can someone stay in a sober living home ?
There is no strict time limit, but residents typically stay for a few months up to a year or more—depending on their individual recovery and housing goals.
What is the difference between a sober living home and a rehab ?
Rehab facilities provide clinical treatment and therapy for substance abuse, while sober living homes are transitional residences that offer a structured, substance-free environment without formal clinical services. Residents often come from treatment centers or the justice system and need a stable place to rebuild.
Is treatment provided at a sober living home?
No, sober living homes are not treatment centers. However, residents are often encouraged to attend outpatient treatment, therapy, or support groups. The home provides structure, peer support, and accountability.
What is the cost to residents, and do you accept vouchers or funding support?
There is a weekly or monthly program fee, which covers all living essentials. We work with agencies to accept housing vouchers, and we are open to discussing contracts for funded placements or wraparound services.
What is the process for becoming a partner with your organization?
We’ll schedule a meeting to discuss how we can work together. Once we’ve confirmed the property meets all requirements, we’re going to have a formal agreement. Lastly, we will continue to maintain the property and make sure everything runs smoothly.
How long is the partnership?
We're aiming for lasting partnerships, as sober living and Section 8 often lead to stable, long-term residents. That said, we're also happy to explore shorter-term options if that better suits your situation.
What happens if there is a problem with a tenant?
When it comes to managing tenants, we take care of everything, from sorting out disagreements to making sure issues are handled quickly and professionally. If someone isn't following the sober living guidelines or Section 8 rules, we step in to find a solution. This might involve offering extra support or, if needed, helping them find a more suitable living situation.
How can I get started with partnering with your company?
Ready to explore how we can work together? Reach out to us directly so we can chat about your property. We'll walk you through everything and give you all the details you need to feel confident in your decision.
PROPERTY OWNERS FAQ
What kind of properties do you accept?
We lease or purchase single-family homes and multi-unit properties in safe, residential neighborhoods that work well for shared living. Ideal properties have three or more bedrooms, multiple bathrooms, parking, and easy access to public transit or community resources.
What condition does my property need to be in?
Your home should be in good, move-in-ready condition or require only minor updates. We prioritize properties that provide a safe, comfortable environment for residents in recovery.
Will a sober living home affect my neighborhood?
Not at all. Our homes are quiet, well-maintained, and strictly drug- and alcohol-free. Residents follow structured rules and are committed to their recovery. We ensure the home blends seamlessly into the community with no disruptions. Each house has its own house manager to maintain proper order and address any concerns promptly. We take pride in creating supportive and stable environments that benefit both our residents and the neighborhood. You'll find our properties are simply well-kept homes where people are focused on positive change.
Who covers damages and insurance?
We carry full liability insurance and take responsibility for all property upkeep, repairs, and maintenance. You won’t be on the hook for damages—we treat your home with care.
Do I need to make any changes to my property?
To be eligible for Section 8, your place will need to meet some standard health and safety guidelines, such as having functioning plumbing, good locks, and proper electrical systems.
