Sibley Surplus Recovery, Inc. – Frequently Asked Questions
Q: Why did I receive this packet from you?
A: Our team regularly reviews public court and auction records to identify cases where former property owners or their heirs may be owed surplus funds. Based on those records, your name (or a loved one’s name) appears to be connected to a property that may have generated surplus funds after a foreclosure, tax sale, or similar sale. This packet is to inform you of that potential claim and explain how we can help you recover those funds.
Q: What are surplus funds?
A: Surplus funds are the extra money left over after a property is sold at auction and all debts—such as mortgages, tax liens, or other recorded liens—are paid. When there is money left after those debts are satisfied, that surplus legally belongs to the former property owner or, in some cases, their heirs or estate.
Q: Who is Sibley Surplus Recovery, Inc.?
A: Sibley Surplus Recovery, Inc. is a professional surplus‑fund recovery firm. We help individuals and families claim unclaimed surplus funds that are being held by government agencies or courts after a foreclosure, tax sale, or similar property sale. We manage the entire recovery process for you—from verifying the funds to filing the necessary paperwork—so you don’t have to navigate the legal system alone.
Q: How did you find out I might be owed money?
A: We use public information such as court records, auction results, and county surplus reports to identify cases where surplus funds exist. If you received a letter or call from us, it means our research indicates that you or a loved one may be legally entitled to claim these funds.
Q: Is this a scam?
A: No. Surplus‑fund recovery is a legal process based on public court and county records. The funds we reference are held by government entities or courts—not by Sibley Surplus Recovery, Inc. Our role is to help you confirm that the funds exist, prepare and file the required documents correctly, and follow up with the appropriate agencies until your claim is processed. We are a professional firm, and you always have the option to verify the case details directly with the court or county if you wish.
Q: How much does it cost to work with you?
A: There are no upfront costs to you. We work strictly on a contingency basis, which means our fee is collected only if and when funds are successfully recovered on your behalf. Our fee is a percentage of the amount recovered, and this percentage is clearly stated in our agreement before you sign anything.
Q: What do I need to do next if I want your help?
A: To get started, you simply:
1. Review and sign our contingency agreement.
2. Provide basic identification and any requested documents so we can verify your claim.
From there, we handle the rest of the process for you.
Q: What exactly will you do for me?
A: Once you sign with us, we:
- Confirm the existence and amount of any surplus funds with the court or agency
- Prepare and file all required claim forms and supporting documents
- Communicate directly with the court, county, or other agencies handling the funds
- Track the status of your claim and follow up until a decision is made
- Keep you updated at key points so you know where things stand
Q: How long does the recovery process take?
A: Timeframes vary by county, state, and the complexity of the case. In many situations, recoveries take approximately 30 to 120 days from the time all required documents are submitted. Some cases may resolve faster, while others can take longer if the court or agency has a backlog. We will keep you informed of any major updates or delays.
Q: What happens if I don’t respond or choose not to file a claim?
A: In many jurisdictions, surplus funds are only available for a limited period of time. If no valid claim is filed by the deadline set by law, the funds may be forfeited or transferred to the county, state, or another government entity. While you are not required to work with us, we strongly recommend that you either file a claim on your own or allow a qualified professional to assist you before any deadlines expire.
Q: How do you protect my personal information?
A: We only request information that is necessary to verify your identity and file your claim. Your documents and personal details are used solely for the purpose of recovering your surplus funds and are not sold or shared for marketing purposes. We treat your information with the same care and confidentiality we would want for our own families.
Q: Can I try to recover the funds on my own?
A: Yes. You are always free to pursue a claim without our assistance. Many people, however, find the process confusing or time‑consuming, especially when dealing with legal paperwork, deadlines, and court procedures. Our service is designed to handle the process for you, reduce errors that can delay or deny claims, and keep you informed from start to finish—on a contingency basis with no upfront cost.
