Excess Sale Proceeds (after a trustee’s sale of Arizona property)

Review from one of our clients who needed help with collecting their excess sale proceeds.

We were very impressed with what you did and the knowledge you had in getting the job done.”

“It didn’t take me long to realize there are a lot of swindlers out there offering to do the same thing,”

Bully tactics used to scare or coerce buyers.

Over the last several years our office has delivered almost $800,000 to our clients in the form of excess sale proceeds. These are proceeds left over after a lender foreclosed on Arizona property.  There are rules who can apply for the funds so it is important to talk to someone experienced in that area of law.

During this time I have found hundreds of scams from folks offering to “help” people obtain those proceeds. Some of these folks were attorneys, such as Ingrid Joy Warrick (3 year suspension for money laundering, in addition to prior suspension).

The following is a “thank you” we received from a client who received almost $40,000 in the excess sale proceeds.

Think about the information you are giving this stranger: all your financial information, your children’s names, bank accounts and your social security number. You do this without the slightest guarantee that the information will be kept safe.

We are very blessed to have clients take the time so say “thank you”.  This means everything to Jay and me because it solidifies why we take additional time to help.  In this situation Jay took his own time to drive from Phoenix to Mesa (twice) in order to obtain signatures from a client in a nursing home.

“Pat and I would like to thank you both, especially you Jay, for all the work you did in obtaining our Excess Funds cheque today. You somehow managed to get this done between January and June and I know how persistent you were. Pat and I would like you to know that you can use us a a referral for Excess Funds clients anytime you need to. We were very impressed with what you did and the knowledge you had in getting the job done. It didn’t take me long to realize there are a lot of swindlers out there offering to do the same thing, but when I talked to you back in December,2013 Diane, and had read your many articles on Excess Funds, I really felt I could trust you. That was one of the best decisions I’ve ever made and we will always be grateful for how you’ve helped us. When you’ve had to walk away from the home you love, being able to secure the Excess Funds through a firm you can trust makes all the difference in the world. Great job!“

Please be careful about hiring anyone to help you without first checking our their reputation and credentials.

Certainly, I would not hire anyone who contacts me because they are looking to sell me something.  Instead, I would do as my clients did – do your own research and find someone your are comfortable with.  Last note – never sign a contract with anyone who contacts you directly without first talking to one or two others about the situation.  Just because they say they are a lawyer, don’t assume they are telling the truth.  Always check them out with the state bar where they say they are licensed.  Here is the link to the State Bar of Arizona.

Please feel free to call if you have any questions.

We have several videos on this site.  Here are two that might be of interest:

• “Meet Diane Drain. Some Suggestions on How to Hire an Attorney.”
• “What are the Lender’s Foreclosure Rights Dealing with Arizona Property?”

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