OVERVIEW
Our law firm represents individual and businesses in their claims for excess proceeds caused by property tax foreclosure sales in all State of Texas counties. The law provides that a petition must be filed within two years of the sale to recover the excess proceeds. There is a process to petition the court to claim the excess funds. If a petition is not filed within two years of the sale, then by default the taxing entities get to keep what is left as a windfall. We work with the previous property owners to recover the funds rightfully owed them.
EXCESS PROCEEDS RULES
The Texas Tax Code Section 34 allows for the collection of local taxes for counties, cities, schools and other local taxing entities on the value of property held in the county by property owners. Tax delinquent properties are sold in a Tax Foreclosure sale each month in each Texas county. If the property is sold for more than the amount of taxes owed the various taxing agency, the excess amount remains in the county unless the previous owner petitions for their money. Many times the previous homeowner, business, estate or financial institution is not found or is not properly notified by the county that excess proceeds remain. Other times the previous owner (or their heirs) did not receive notice of excess proceeds or could not be found. The county only has to send out one notice letter which is typically sent to the address of the property foreclosed on. Consequently, the previous owners (or their heirs) remain uninformed and the county keeps the excess proceeds permanently.
BENEFITS OF WORKING WITH OUR FIRM
- Our law firm works aggressively to locate the previous homeowner, heirs, business or financial institution, properly file all legal documents with the county the property was sold in as soon as possible to recover the most funds our clients are entitled to.
- We also assist our clients in drafting all estate and probate documents, if necessary, to prove your claims in court that you are entitled to all proceeds being held. This may be very important if the previous owner is deceased.
- Your do not have to appear in court to recovery your money. We do all the work for you, including locating all payment eligible owners, filing all court documents and appearing in court on your behalf.
- There is no upfront fee to hire our attorneys to represent you, file your claims and recover your funds as soon as possible. We pay all court costs, filing fees, research and administrative fees from start to finish. Our firm works on a contingency basis and there is no attorney’s fee unless we recover funds on your behalf. Because of our successful experience helping clients around Texas we are highly confident that we can recover your money.
OUR OFFICE WILL PROVIDE A FREE EVALUATION OF YOUR CLAIM AND ANY DEADLINES.
CONTACT ONE OF OUR EXPERIENCED LAWYERS FOR MORE INFORMATION AT 713-724-5300.