LIVE COURT & ESCROW TELEMETRY
[KINGS SUPREME, NY] INDEX #504921/2025 • SURPLUS: $148,920.00 • RULE 1361 MOTION CONFIRMED [FULTON COUNTY, GA] DEED #26-0884 • SURPLUS: $67,410.50 • IOLTA WIRE DISBURSED [MIAMI-DADE, FL] FOLIO #30-4019 • SURPLUS: $92,185.00 • LIEN SCRUB CLEARED [HARRIS DIST, TX] CAUSE #2025-8812 • SURPLUS: $114,300.00 • WARRANT ISSUED [KINGS SUPREME, NY] INDEX #504921/2025 • SURPLUS: $148,920.00 • RULE 1361 MOTION CONFIRMED [FULTON COUNTY, GA] DEED #26-0884 • SURPLUS: $67,410.50 • IOLTA WIRE DISBURSED
VANGUARD OVERAGE GROUP
Constitutional Equity Mandate • Tyler v. Hennepin Compliant

Unclaimed Post-Sale Equity, Restored With Fiduciary Precision.

When real property is sold at a tax-deed auction or foreclosure for more than the balance owed, the excess proceeds legally belong to the former owner of record. Vanguard Overage Group audits municipal ledgers, clears subordinate liens, and recovers your funds through regulated Attorney IOLTA Trust accounts—with zero out-of-pocket cost.

PILLAR I $0 UPFRONT
100% Contingency

We advance all legal, probate, title abstracting, and court filing expenses at our own risk.

PILLAR II IOLTA TRUST
Escrow Protected

Funds disburse strictly through insured Attorney Trust or Judicial Escrow accounts.

PILLAR III 1099-S SHIELD
Tax Basis Ledger

Includes a certified closing schedule to establish your adjusted property tax basis.

$42.8M+
Audited Judicial Ledgers
99.4%
Title Clearance Rate
3,140+
County Dockets Indexed
OFFICIAL CLAIM VERIFICATION PORTAL
VERIFIED RECORD
Holding Jurisdiction

Kings County Supreme Court, NY

Escrow Verified
PARCEL / COURT INDEX: BLK-04921-LOT-0038
CUSTODIAL DEPOSITORY: NYC Dept. of Finance / Referee
AUCTION SETTLEMENT BID: $615,000.00
SENIOR JUDGMENT SATISFIED: ($466,080.00)
TITLE ENCUMBRANCE SCRUB: CLEARED (0 LIENS)
VERIFIED ESCROW SURPLUS: Held for Former Owner of Record
$148,920.00
STATUTORY FORFEITURE WINDOW: 114 Days Remaining
02 // FORENSIC TITLE ABSTRACTING & LIEN SCRUBBING

Chain-of-Title & Priority Lien Simulator

Inexperienced "surplus finders" file claims without auditing the property's chain of title—inadvertently alerting junior creditors. Click each priority tier below to inspect how Vanguard protects your equity.

INSTRUMENT AUDIT // TIER 01

Senior Foreclosing Judgment / Municipal Tax Lien

TITLE VERIFIED

When the referee or county officer conducts the auction, the winning third-party bid is applied first to satisfy the foreclosing plaintiff's judgment or delinquent municipal tax certificate in full. Once satisfied on the record, this tier has zero legal claim to the remaining surplus overage.

Statutory Citation RPAPL § 1354 / F.S. § 197.582
Impact On Surplus 0.0% (Extinguished at Sale)
Vanguard Legal Action Referee Payoff Audit
Fiduciary Protection: Vanguard audits the Referee's Report of Sale line-by-line to disallow inflated plaintiff attorney fees or unauthorized interest charges.
03 & 04 // ACTUARIAL WATERFALL & IRS FORM 1099-S BASIS SHIELD

Model Your Net Payout & Capital Gains Shield

Most recovery agents hand you a check and leave you exposed to IRS Form 1099-S tax reporting on the gross auction price. Vanguard reconstructs your property's adjusted cost basis so you don't overpay taxes on your own recovered equity.

Load Real Case Scenario:
Auction & Cost Basis Variables ● Live Actuarial Sync
$525,000
$50,000 Gross Amount Paid by Winning Bidder $2,000,000
$340,000
$5,000 Paid First to Foreclosing Lender or County $1,800,000
$10,000
$0 (Unencumbered) Remaining After Vanguard Title Scrub $400,000
$490,000

Used to calculate your IRS Form 1099-S Adjusted Cost Basis Shield.

UPFRONT LEGAL, PROBATE & NOTARY COSTS 100% Advanced by Vanguard Overage Group
$5,400 Covered
Certified Waterfall & Tax Basis Statement IOLTA ESCROW
Auction Proceeds Allocation Waterfall 100% Accounted
Debt: 65%
Liens: 2%
Fee: 10%
Your Net: 23%
WINNING AUCTION SETTLEMENT BID: $525,000.00
LESS SENIOR DEBT & SUBORDINATE LIENS: ($350,000.00)
GROSS SURPLUS HELD BY COUNTY / COURT: $175,000.00
CLIENT OUT-OF-POCKET LEGAL RETAINER: $0.00 (100% WAIVED)
CONTINGENCY FEE (EARNED ONLY IF RECOVERED): ($52,500.00)
NET WIRE / IOLTA CHECK TO YOU: Disbursed via Regulated Attorney Trust Account
$122,500.00
✓ IRS FORM 1099-S ADJUSTED COST BASIS SHIELD $0.00 TAXABLE GAIN

Because your adjusted cost basis + deductible recovery fees ($542,500) exceed the auction settlement price ($525,000), your $122,500.00 net payout represents a non-taxable return of principal home equity rather than a capital gain.

05 // 50-STATE REGULATORY & STATUTORY MATRIX

State Statutory & Escheatment Rules

STATUTE: NY RPAPL § 1361 & § 1354

New York Supreme Court & Municipal Surplus Protocol

Following landmark constitutional rulings protecting home equity, New York foreclosures and municipal tax actions require formal referee accounting, notice of claim filing, and judicial motion practice to release funds from the County Commissioner of Finance or State Comptroller.

✓ BAR COUNSEL MOTION ✓ REFEREE OATH AUDIT
Custodial Depository
NYC Dept. of Finance / County Treasurer

Requires certified Supreme Court Order Confirming Referee Report of Sale.

Escheatment Window
2 to 5 Years Post-Sale

Unclaimed county balances transfer to the State Comptroller OUF.

Execution Protocol
Judicial Motion & LPOA

Filed via Vanguard retained foreclosure counsel & mobile notary.