Petition For Excess Proceeds For Claim

State:
Texas
Control #:
TX-03500BG
Format:
Word; 
Rich Text
Instant download

Description

The Petition for Excess Proceeds for Claim is a legal document used in Texas to request the distribution of excess funds resulting from the tax sale of real property. This petition applies specifically to cases where the court has certified the sale of a property due to tax delinquency, and there are surplus proceeds after all taxes and fees have been satisfied. Key features include the identification of the petitioner, details of the property sold, the amount of excess funds, and a request for the court to direct the clerk to release those funds. The form also includes sections for notifying affected parties and certifying service. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to facilitate the recovery of excess proceeds on behalf of clients, ensuring they comply with Texas property tax laws. It streamlines the process for petitioning excess proceeds and provides a structured format that is easy to complete. Users should carefully follow the instructions provided within the form to ensure compliance with legal requirements.
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FAQ

Section 34.04 - Claims for Excess Proceeds (a) A person, including a taxing unit and the Title IV-D agency, may file a petition in the court that ordered the seizure or sale setting forth a claim to the excess proceeds. The petition must be filed before the second anniversary of the date of the sale of the property.

How to Claim Excess Tax Funds Gather the Required Documents. There are a number of documents that you'll need to gather and submit along with your claim form. ... Complete the Claim Form. Once you have your documents gathered, you can fill out the claim form. ... Submit Your Claim.

EXCESS PROCEEDS RULES Tax delinquent properties are sold in a Tax Foreclosure sale each month in each Texas county. If the property is sold for more than the amount of taxes owed the various taxing agency, the excess amount remains in the county unless the previous owner petitions for their money.

1. Excess Proceeds: If more than $25 is left from the foreclosure sale of your home after the lien and any costs are paid, you are entitled to claim that money. 2. Time Limits: You must file a claim for excess proceeds within two years of the sale of the property.

Excess Proceeds is the amount of funds remaining after the Treasurer and Tax Collector sells a tax-defaulted property and recovers the taxes, penalties and costs.

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Petition For Excess Proceeds For Claim