First 30 days after the date of sale, the Trustee works on getting their client (the Bank) paid. Most Trustees don't touch the file for surplus funds purposes until after this period.

No, But you could be scammed by a predatory or inexperienced company. When a property sells at a foreclosure auction for more than is owed to the bank, the owner before the sale is owed the difference (minus any other liens or encumbrances).

They pressure you to sign immediately
Take your time and get educated before you make a rash decision. The dirty little secret is most Trustees will not even touch your file for thirty days. There isn't any reason to rush to sign today. The company you choose will be handling thousands of your dollars. Make sure you choose the right one for you and your situation.

They don’t leave you a copy of the documents you signed

You need to keep any legal documents that you sign. A great company will not only give you a copy of the paperwork, they will insist on reading through each page to be sure you understand what you are signing.

They bought the house

Now they want to get “their” money back by overcharging you. I would work with a third party that wasn’t involved with the sale of your house.

They don’t specify the total amount they charge

Sometimes leaving “legal fees” out of the contract. A great company knows from day one what the cost of the recovery should be. They should be clear about what fees and costs they will be charging you.

They are a “National Company”

Predatory companies try to do a bunch of business everywhere. A great company works only in states where their legal team has a good relationship with the Trustees. That relationship is the most important factor in getting a speedy recovery.

After you sign, they never answer your call

Most predatory companies have awful customer service. Our sales reps, owners and attorney are readily available to receive your calls and answer any questions you may have throughout the entire process. The only time a predatory company will reach out is after they have been canceled.

They trick you into never seeing the actual amount they received from the Trustee on your behalf

Predatory companies will have you sign a Power of Attorney that includes the power for the company to sign the Hold Harmless Agreement sent by the Trustee to you. This document will state the exact amount of money the Trustee is releasing on your behalf. A good company will insist that you personally sign the Hold Harmless Agreement so there is complete transparency.

They will offer you money to sign

Many people accept a few thousand dollars and give up tens of thousands of dollars because they are desperate. Don’t fall for this scam.

They have many traits as predatory companies

There are also lots of incompetent companies. They may have just bought a “get rich” system and think they can make a ton of money helping you with your recovery. Most have failed at other businesses and think they can just copy some docs and get you to sign them. Then the money will magically appear without realizing how the recovery process actually works.

They don’t use an attorney for the recovery

A good company will not only use a local attorney to recover your money from the Trustee, they will be able to get the attorney on the phone to answer any of your questions.Our attorney is the only one who touches your money. If any fraud is committed, you can contact the state bar and file a complaint. You can’t have true security and transparency without an attorney. Someone could start a company today and close it tomorrow after they steal your money.

They can’t fully explain the process

Being able to talk with confidence about the business process comes from experience. If it sounds like they are just making stuff up as they go along, hang up and block their number.

They haven’t done many recoveries

Starting a new business brings lots of challenges and learning experiences. You don’t want someone learning how to do this from your case. You need the most money recovered at the quickest time frame possible.

They can’t tell you anything about the Trustee other than their name

All Trustees are different. A good company/lawyer can tell you how fast or how slow the Trustee may be. The relationship between our attorney and the Trustees is one of our most valuable assets.