In many foreclosure or auction scenarios, the sale price of the property exceeds the mortgage balance, and the excess funds are due to the homeowner or other entitled parties. Unfortunately, these funds are not automatically returned and require a formal claims process to be recovered.
Without proper representation and expertise, many property owners fail to recover their overages, leaving significant amounts of money unclaimed.
From securing judgments to recovering debts and repossessing assets, FranMop’s high court enforcement services ensure your legal rights are upheld efficiently and professionally. Our comprehensive services provide the solutions you need to recover outstanding debts with confidence and compliance.
If overages remain unclaimed, they are often transferred to the state as escheated funds and may be permanently forfeited if not claimed within the statutory time frame. This is why it’s essential to act quickly with a trusted partner like Franmop.
Take control of your financial recovery today with FranMop’s efficient, ethical enforcement services.
At FranMop, we believe in debt recovery done the right way. Our team combines ethical practices with cutting-edge enforcement methods to ensure fast, effective debt recovery without compromising your business’s reputation. Every step we take follows strict legal guidelines, ensuring compliance with court regulations while recovering what’s owed to you. We prioritize transparency, respect for the debtor, and efficiency, so your recovery process remains smooth and successful.
We begin by reviewing your case to determine if you’re eligible for mortgage overage recovery. If overage funds are available, we proceed with the next steps.
Document Review and Filing
Our experts thoroughly review all documentation related to the property’s sale. We ensure that everything is filed correctly to secure the release of the overage funds.
We handle the negotiation process with the relevant authorities, such as the county or city government. Our team ensures that your claim is prioritized and that the overage funds are released to you.
Once your claim is successful, we ensure the timely disbursement of funds. Franmop is here to support you even after the recovery to answer any questions or address concerns.
At FranMop, we are committed to maintaining the highest standards of professionalism, ethics, and legal compliance. Our industry-recognized certifications and accreditations ensure that we operate within the law, provide reliable service, and uphold the trust of our clients.
At FranMop, we believe that debt recovery doesn’t have to be complicated. Our 6-step approach ensures that we act quickly, efficiently, and in full compliance with legal requirements to get your debts recovered with minimal hassle. Here’s how it works:
Free Consultation to Understand Your Needs
Every case starts with a free consultation where we listen to your situation and assess your needs. We’ll recommend the most effective strategy based on the unique details of your case, ensuring a tailored approach that works for you.
We Create a Custom Debt Recovery Strategy
Once we understand your case, FranMop develops a personalized strategy to recover the debt. We consider all aspects—whether it’s asset recovery, wage garnishment, or legal actions—and choose the most effective path to recovery.
Initiate Legal Action to Secure Your Debt
FranMop takes immediate action, whether by securing writs of execution, bank freezes, or initiating legal proceedings. Our team ensures that all actions are compliant with court orders, protecting your interests while pursuing the debt.
Recovery of Debts Using Proven Methods
With legal action underway, FranMop uses proven debt recovery methods to secure what’s owed. From asset seizure to direct collection, we act swiftly to recover the debt in full compliance with the law.
We Keep You Informed Every Step of the Way
You’ll receive real-time updates and clear communication about the status of your case. Our goal is to ensure you’re always informed and confident in the progress of your debt recovery process.
Debt Recovered and Resolved
Once the debt is recovered, FranMop ensures that final payments are made and the case is fully resolved. We’ve worked quickly and efficiently to get you the best possible outcome, all while keeping your business reputation intact.
FranMop is proud to work with a diverse range of clients, providing reliable and efficient debt recovery and high court enforcement services. From small businesses to large corporations, we have built a reputation for delivering results that our clients trust. Here’s a glimpse of the industries and businesses that rely on FranMop:
Mortgage overages occur when a property is sold at foreclosure or auction for more than the remaining mortgage balance. For example, if your property sells for $300,000 but your outstanding mortgage debt is $250,000, the $50,000 surplus is the overage, and you are entitled to claim it.
Overages are held by the trustee or the entity managing the sale (often a county government or auction house) and are not automatically disbursed. Claiming these funds requires specific documentation, meeting deadlines, and following legal procedures.
Typically, the former property owner is entitled to claim the overage. However, in cases of joint ownership, bankruptcy, or other legal complexities, eligibility may extend to co-owners or other parties as determined by law. Franmop can help assess your eligibility.
