Toberoff Holdings LLC
Excess proceeds recovery
When a property is sold at a county tax auction for more than the taxes owed, the county holds the difference on deposit. Anyone who recorded a lien against the property before the tax deed may be paid first. In California and Nevada they are paid in the order they recorded. Maryland’s statute says only that the balance goes to the person entitled to it. What is left goes to the former owner. Often that is the whole amount, but the county’s records control and it can be less.
In California and Nevada the claim has to be filed within one year of the date the county recorded the tax deed to the buyer, not within one year of the auction. Those are different dates, often weeks apart, and the county is the only place to get the right one. After that the county may move the money into its general fund. Maryland is different, and is dealt with below. The county is also required by law to notify you about this. If no notice reached you, the tax collector can still confirm over the phone whether the money is there.
We find out who the money belongs to and write to them. If you would rather not do that yourself, we prepare and file the claim.
You can file a claim yourself, directly with the county, and pay us nothing. California law requires us to say so; it is true in all three states. You would pay for the notary and the certified copies; we cover those if we file for you. If you have had a letter from us, confirm the money and the deadline with the county named in it before you call us.
In California we charge 25% of the first $25,000 recovered and 15% of anything above that. In Nevada we charge 10%. We charge only on money actually recovered. If nothing is recovered there is no fee and no bill.
In Maryland we charge 25% of the first $25,000 recovered and 15% of anything above that, the same as California. There is no deadline. Tax-Property § 14-818 sets no time limit for claiming the balance and contains no provision sending it back to the county. The same section says the county’s claim process may not require a court order unless there is a dispute about who should be paid, so in the ordinary case there is no lawsuit, no court filing and no filing fee. It also requires the collector to notify the former owner within 90 days of delivering the deed.
Montgomery County’s Division of Treasury confirmed to us in writing on 18 September 2026 that the funds on its published surplus list are still available. That list, dated 10 August 2026, still carries sales from June 2000. For a claim it asks for the recorded deed and identification, and where the owner has died, a death certificate and letters of administration. Other Maryland counties run their own process and may ask for more, so confirm with the county named in your letter. Money held unclaimed by a public body in Maryland can in principle be turned over to the State Comptroller as unclaimed property; that would change where you file, not whether you can claim it, and the Comptroller sets no deadline either.
The county pays you. We do not take custody of your money and we do not buy or take an assignment of your claim. Our fee is due after you have been paid. We never ask you to pay anything up front, and we never ask for your bank details. If someone claiming to be from this company asks you for money, it is not us.