Your Trusted Asset Recovery Partner

Helping You Get What's Rightfully Yours

Are You In Foreclosure?

Marvis Asset Recovery specializes in helping people who are in foreclosure and those who are recovering from their loss due to foreclosure. We help recover surplus funds and unclaimed funds from foreclosure tax deed sale. We also ensure that homeowners who have gone through foreclosure or their heirs receive the unclaimed funds they are rightfully owed from the sale.

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About Our Expertise

Marvis Asset Recovery is a leading expert in locating and helping individuals claim surplus funds from foreclosure tax deed sales. Our dedicated team specializes in navigating the complexities of fund recovery to ensure homeowners or their heirs receive the funds they are rightfully owed. We provide detailed information on surplus funds, claiming processes, and offer valuable insights to assist families in accessing their entitled funds.

Why Use Our Service?

Expertise and Efficiency: We navigate the complex legal landscape of our clients, ensuring all necessary paperwork is correctly filed and claims are processed efficiently.

Maximizing Recovery: Our knowledge and experience enable us to recover the maximum amount possible, benefiting our clients more than if they attempted the process alone.

Compassionate Assistance: We understand the emotional and financial strain foreclosure can cause. Our goal is to provide support and relief to those affected.

Providing Services To Those In Foreclosure

When you lose your home to foreclosure, the house is sold at a public auction conducted by the sheriff or court. Often, the house will sell for more money than you owed on it! This additional money is known as “Surplus Funds, also known as excess proceeds, mortgage surplus or tax overbids” and you (or your heirs) are entitled to this money! We at Marvis Asset Recovery, fight to get you back that money. Even if you have other debts, or declared bankruptcy, this money is still yours and we will fight for you. We represent your best interests, working on a contingency-only basis; if we are not able to get you back any money then you will not pay us anything at all.

Why Marvis Asset Recovery?

At Marvis Asset Recovery, we specialize in locating and helping families recover surplus funds from tax deed sale. The beauty of working with our firm is that we charge no upfront fees and take care of all filling cost for each claim. We will Audit and gather the property document to file a successful claim ensuring you receive what is rightfully owed to you.

Our Mission

Marvis Asset Recovery, LLC was founded by Marvis James a seasoned realtors, real estate investors and entrepreneurs who is knowledgeable and compassionate in helping people who are going through the hardship of loosing their home due to foreclosure. We learn when properties went into foreclosure, the courts have no obligation to alert the homeowners to the possibility of surplus funds being available. The information the courts provide is often mailed to the wrong place, it is too unwieldy, or it contains too much legal terminology to understand, and it is often discarded. Marvis Asset Recovery locate these funds and simplifies the process for homeowners, and at the end of the process, the homeowners or the heirs are sent the funds they are rightfully owed.

That’s the reason we started Marvis Asset Recovery, LLC to do two things: the first is to help people get back on their feet from foreclosure, and the second is to ensure that those who have gone through foreclosure or their heirs receive the surplus funds they are rightfully owed.

How It Works

If you or someone you love has been in foreclosure, you may be entitled to additional funds upon the sale of the property. Marvis Asset Recovery will locate and recover those funds for you. Marvis Asset Recovery is here to help you through the entire surplus claiming process, we also can provide you with cash up-front to help you get back up on your feet. Ultimately, we will recover for you the funds that you are entitled to because of the foreclosure sale.

We provide you with these services at no up-front cost to you; we work strictly on a contingency basis. In other words, it is only once we have won back money for you because of the foreclosure auction that we charge a small fee. And if we are not able to recover any funds to you, then you will pay us absolutely nothing at all!

Foreclosure and Surplus Recovery Experts

Marvis Asset Recovery, LLC is a company of committed, trustworthy and qualified personnel located in Sarasota County, Florida. Our foreclosure experts are here to guide you through the surplus recovery process.

If you’ve received communication from us, it’s because we’ve likely have found money that belongs to you but is being held by the county clerk or Florida Department of Treasury. We will recover those funds that are owed to you, at no out-of-pocket expense to you.

Our team of foreclosure experts are dedicated and have identified that you have rights to claim funds as a result of a foreclosure sale. Our experts have performed public record searches, skip traces, and court docket reviews to determine this information. This may be a property that you owned, or one that you are an heir to, whether it was your parents, siblings or even distant relatives. We are experts in proving your rights to claim these funds and getting the courts to disburse them to you as soon as possible.

Marvis Asset Recovery works with the county and has in-house legal counsel that reviews each case prior to filing and follows the case through to completion. This ensures your case is handled carefully and yields the best possible outcome.

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Discover Your Unclaimed Wealth Today!

Whoever owned the property on the date the lawsuit was filed is the party who can claim surplus funds. They can make that claim after any lienholders are paid what they are owed on the property. Other lienholders might be: second or third mortgages, city liens (unpaid water, electricity, trash, etc.), code enforcement violations (didn’t fix something the city asked you to), UCCs (people who have a secured asset they have loaned to you like solar power on the roof, or hot water heaters, etc.) During our case review, our expert specialist will walk you through all the details of your case and who may or may not claim surplus.

A lot of times, we see the investor or purchaser at auction try and make a claim for surplus funds. This happens a lot when the homeowner isn’t represented by us. If nobody files an objection to this claim, a lot of judges will grant it. As a result, money that actually belongs to you (the prior homeowner) instead gets wrongfully disbursed to the new buyer of the home at auction. We can and will fight this on your behalf!

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Our Process

Step 1

After your house or the house of your late relative has gone through the foreclosure sale, Marvis Asset Recovery have identified that the house sold for more money than was owed on it. This extra money is yours!

Step 2

Marvis Asset Recovery identified the funds that are currently being held in the county court registry because of the property going through the foreclosure sale.

Step 3

We use public records, land records, government databases, and skip trace tools and have identified you as the rightful claimant for surplus funds.

Step 4

After a free consultation, you sign an agreement which allows us to process the claim at no upfront or out-of-pocket cost to you.

Step 5

Once you’ve signed, we will do all the work. Our attorneys draft and file all the appropriate notices and motions. We coordinate with the attorneys from the other parties involved and set a hearing in front of the judge.

Step 6

Once the judge grants the order and disburses us the funds, we can send you an ACH Wire transfer or overnight you a check.

You could have these funds in your pocket in as little as 60 to 90 days after the auction!

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Frequently Asked Questions

What are surplus funds?

Surplus funds can also be referred to as an “overage”, or “excess funds”. When a property goes into foreclosure, it sells at auction. The foreclosure may be an association foreclosure, a mortgage foreclosure, or a tax-deed foreclosure for example. In any case, when the property sells, it often times will sell for more than the amount for which it was being foreclosed on. These excess funds are called a “surplus”, and these excess funds belong to the original home-owner, or heirs to the original home-owner!

Why would there be funds owed to me?

You have been identified as the appropriate party to claim these funds because property you owned has gone through a foreclosure or tax sale, or because you are an heir to property that has gone through sale.

Where are the funds from?

The funds we are calling you about are held in the county court registry. They are the result of an association foreclosure, a mortgage foreclosure, or a tax-deed foreclosure sale, where the amount the property sold for at auction is more than the amount it was being foreclosed on for. These are called “surplus funds”.

Who can claim surplus funds?

The Legislature in the State of Florida has been very specific in how they worded the law on who is entitled to surplus. Here is the “legalese” version our attorney uses, and below it, our version that’s easier to interpret;

2021 Florida Statutes
Title VI – Civil Practice and Procedure
Chapter 45 – Civil Procedure: General Provisions
45.032 – Disbursement of Surplus Funds After Judicial Sale.

There is established a rebuttable legal presumption that the owner of record on the date of the filing of a lis pendens is the person entitled to surplus funds after payment of subordinate lienholders who have timely filed a claim.

It is the intent of the Legislature to abrogate the common law rule that surplus proceeds in a foreclosure case are the property of the owner of the property on the date of the foreclosure sale.

“Owner of record” means the person or persons who appear to be owners of the property that is the subject of the foreclosure proceeding on the date of the filing of the lis pendens. In determining an owner of record, a person need not perform a title search and examination but may rely on the plaintiff’s allegation of ownership in the complaint when determining the owner of record.

Subordinate lienholder” means the holder of a subordinate lien shown on the face of the pleadings as an encumbrance on the property. The lien held by the party filing the foreclosure lawsuit is not a subordinate lien. A subordinate lienholder includes, but is not limited to, a subordinate mortgage, judgment, tax warrant, assessment lien, or construction lien. However, the holder of a subordinate lien shall not be deemed a subordinate lienholder if the holder was paid in full from the proceeds of the sale.

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