A Court Funds Office claim arises when monies are paid into Court. Taylor Emmet can identify who is entitled to the monies and prepare the application to Court to release them.
These claims can often involve payments being due to a deceased person’s estate where the executor and beneficiaries are unaware of the asset. The funds can often be of significant value.
Contact our Inheritance Tracing Team at Taylor Emmet Solicitors
Our trusted team will guide you through the process to ensure an efficient service and get you your desired results.
Reasons for Court Funds Office payments
Payments can be made to the Court Funds Office for a variety of reasons. These include:
- Properties being sold by a mortgage lender where the owner is missing or deceased and has defaulted on payments. The surplus monies can be paid into Court.
- Settlement monies due under a Court claim.
- Legacy payments due to missing beneficiaries.
- Freehold interest in properties being sold or leases extended where the freeholder is missing or deceased.
- Properties being sold under Compulsory Purchase Orders where the property owner is missing or deceased.
Blog: Rising Repossession Claims in 2024: What happens to any surplus funds?
In 2024 the UK experienced a significant surge in repossession claims, marking a concerning trend for homeowners, landlords, and tenants alike.
The increase is likely a consequence of economic pressures, high interest rates, policy changes, and the legacy of the pandemic. It can also occur where the property owner has sadly passed away and the lender ends up taking possession before the property can be sold by the legal personal representative of their estate.
How we can help?
We can identify who is entitled to the monies and apply to court to release the funds.
