claim@usforeclosurerecovery.com
Any investor who buys foreclosed properties at auction has referral opportunities. Here are the most common partners.
Buy at auction, rehab, and sell. You meet the former owner during the transition period -- a natural time to pass along our info.
Acquiring rental properties at auction. When former owners move out, mention the surplus funds. Builds goodwill for smooth transitions.
Even if you assign the contract, the former owner still has surplus. Pass along our info and earn referral fees on deals you may not even close yourself.
"I buy 4-5 properties a month at auction in the Phoenix area. Started referring former owners to Foreclosure Recovery about six months ago. I have made over $18,000 in referral fees so far and the former homeowners are grateful. It has actually made my business run smoother because people cooperate more when you help them."
"Honestly thought it sounded too good to be true at first. But the math checks out -- 84% of the properties I buy do have surplus. My first referral came back at $5,200 for my fee. Now I mention it every single time. It is the easiest money I have ever made in real estate."
"I manage a portfolio of 30+ rental properties, most acquired at auction. When I started referring former owners, it changed the dynamic completely. People are nicer during the move-out process, my property managers have fewer headaches, and I collect referral checks every couple of months. Win all around."
You earn 8% of the recovered surplus amount. The average surplus we recover is around $52,000, which puts your fee at roughly $4,160 per case. Larger recoveries -- and we see them regularly in the $80,000-$120,000 range -- mean fees of $6,400-$9,600. Your fee is paid once the funds are distributed to the former homeowner.
Give the former homeowner our business card or text them our phone number. Tell them they may have surplus funds from their foreclosure and we can help recover them at no cost. That is it. We handle verification, paperwork, filing, and follow-up. You do not need to explain the legal process or answer any questions about it.
Zero cost and zero risk. You do not pay anything to join the program. You do not sign any long-term commitments. If a referral does not result in a recovery, nothing happens. You only get paid when surplus is successfully recovered and distributed.
You do not need to know. Just refer every former homeowner and we will check. That said, 84% of foreclosure sales produce surplus funds, so the odds are in your favor. If the property sold for more than the total debt owed, there is surplus. We verify the exact amount as part of our process.
Typical timeline from referral to payment is 8 to 12 weeks, depending on the state and the complexity of the case. Some states move faster. We keep you updated on the status of each referral so you always know where things stand.
None. You already own the property -- the transaction is complete. The surplus funds legally belong to the former homeowner and they have every right to recover them. You are simply connecting them with a professional service that helps them collect money they are owed. It is no different from recommending a good contractor or insurance agent.
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