Arizona Revised Statutes
Arizona Revised Statutes (A.R.S. 33-812) are statutory laws regarding the collections of Excess Proceeds. A.R.S. 33-812(P) specifically states that "A claimant may enter into an agreement with a third party to pay for the recovery of or for assistance in the recovery of excess proceeds on deposit with the county treasurer. Any fee or payment provided for in an agreement shall be reasonable. The fee or payment shall be presumed to be unreasonable and the obligation to pay the fee or payment is unenforceable if the fee or payment agreed on exceeds two thousand five hundred dollars excluding attorney fees and the costs of filing the claim and providing the statutorily required notices".
For your protection and ours, we prefer to have our attorney Marc Windtberg file our excess proceed cases. Marc has filed and collected on over 500 cases and is extremely knowledgeable. He is always quick to answer any questions our clients may have.
Marc's fee is $1,000.00 for non-contested cases plus "cost". Cost typically runs $300.00 to $500.00.
* fee to file the Application
*cost of mandatory certified mailings
* fee to file the Affidavit of Mailing
*fee for certified copy of the Release of Excess Proceeds
*fee to County Treasurer's Office to release the funds
*Paralegal's time involved for drafting court documents
U.S. Excess Proceeds, LLC
U.S. Excess Proceeds became a limited liability company with the Arizona Corporation Commission on 04/02/2018 and are in good standings (Entity ID (L22748035). Although we have only been incorporated since 2018, Mike and Valerie have a combined eight years of experience in collecting excess proceeds.
At U.S. Excess Proceeds we work aggressively to locate the previous homeowners or heirs of the foreclosure to inform them about the excess proceeds that rightfully belong to them. After we have our clients under an agreement, we are quick to mail out court documents for notarized signatures, gather all supporting documents and forward your case to Marc. Marc reviews your case and then files an application with the superior court in the county where the foreclosure took place. We will inform you when your application has been filed and keep you updated throughout the process.
We are here for you. If you have questions, we have answers!
