Question 1

What are surplus funds?

Accepted Answer

When a property is sold at a foreclosure or tax-deed auction for more than the debt owed, the remaining balance is called surplus funds (or excess proceeds). These funds belong to the former owner under state law, but counties often do not notify the owner.

Question 2

How much does Liberty Reclaim charge?

Accepted Answer

Our fee is contingent — typically 20% to 35% of the recovered amount depending on claim size. In states with statutory caps, such as Indiana and Illinois (10%), our fee is automatically reduced to the legal maximum. There is never any upfront cost.

Question 3

What was Tyler v. Hennepin County?

Accepted Answer

In May 2023 the U.S. Supreme Court ruled unanimously (9–0) in Tyler v. Hennepin County that government retention of equity in excess of a tax debt violates the Fifth Amendment Takings Clause. The decision specifically addressed tax-sale surplus.

Question 4

How long does recovery take?

Accepted Answer

Recovery timelines vary widely by state, county, and complexity. Many claims take 6 to 18 months. Cases involving probate, competing liens, or contested distributions can take longer.