REAL ESTATE
REDAEST. 2025

Real Estate Development Authority Inc.

A Division of Business Development Authority Inc.

taxsale.realestatedevelopmentauthority.net

Phoenix, Arizona

Document No: REDA-

Surplus Funds Recovery Agreement

Contingency Fee Agreement — No Recovery, No Fee

This Agreement is entered into between:

"Client" (Former Property Owner): To be completed below

"Recovery Agent": Jeffery Long, President
Real Estate Development Authority Inc.
A Division of Business Development Authority Inc.
Phone: (928) 963-2760
Email: recovery@businessdevelopmentauthority.net

1. PURPOSE

Client hereby retains Recovery Agent to pursue the recovery of surplus funds held by the applicable Arizona county treasurer's office resulting from a tax foreclosure sale of property previously owned by Client (the "Surplus Funds").

2. SCOPE OF SERVICES

Recovery Agent agrees to provide the following services on behalf of Client:

(a) Research and verify the existence and amount of Surplus Funds owed to Client;

(b) Prepare, file, and submit all necessary claims, petitions, and documentation to the applicable county treasurer's office;

(c) Communicate and coordinate with county officials regarding the claim;

(d) Take all reasonable steps necessary to secure the release of Surplus Funds to Client.

3. CONTINGENCY FEE

Recovery Agent's fee shall be a flat fee of $2,500 as permitted by A.R.S. § 33-812(P) of the total Surplus Funds recovered. This fee is payable ONLY upon successful recovery of funds. If no funds are recovered, Client owes nothing.

(a) The fee shall be deducted from the recovered Surplus Funds before disbursement to Client.

(b) Client shall receive eighty percent (80%) of all recovered Surplus Funds.

(c) There are no upfront costs, retainer fees, or other charges to Client.

4. CLIENT RESPONSIBILITIES

Client agrees to:

(a) Provide accurate and complete information regarding the foreclosed property and their ownership;

(b) Execute any documents reasonably required to process the surplus funds claim;

(c) Provide valid identification and proof of former ownership as needed;

(d) Respond to communications from Recovery Agent in a timely manner.

5. TERM AND TERMINATION

(a) This Agreement shall remain in effect until the Surplus Funds are recovered or the claim is denied with no further appeal available.

(b) Either party may terminate this Agreement with 30 days written notice.

(c) If Client terminates after Recovery Agent has filed a claim, and funds are subsequently recovered, the $2,500 fee shall still apply.

6. NO GUARANTEE

Recovery Agent makes no guarantee that Surplus Funds will be recovered. Recovery depends on county processes, claim validity, and applicable deadlines. However, Recovery Agent will use commercially reasonable efforts to pursue the claim.

7. GOVERNING LAW

This Agreement shall be governed by the laws of the State of Arizona.

YOUR INFORMATION

Step 2 of 4 — Please provide your details

Full Legal Name *

Date of Birth

Current Mailing Address *

City, State, ZIP *

Phone Number *

Email Address *

Property Information

Former Property Address *

County *

Parcel Number (if known)

Approximate Sale Date

Estimated Surplus Amount (if known)

SIGN AGREEMENT

Step 3 of 4 — Review and sign

Client: —

Address: —

Phone: —

Email: —

Property: —

County: —

Fee: Flat $2,500 per A.R.S. § 33-812(P) (no recovery = no fee)

I have read and agree to the terms of this Surplus Funds Recovery Agreement. I understand that the recovery fee is a flat $2,500 as permitted by Arizona law (A.R.S. § 33-812(P)), plus attorney fees and court costs, payable only upon successful recovery. *

I certify that the information provided above is true and accurate to the best of my knowledge. *

I agree that my electronic signature below has the same legal effect as a handwritten signature. *

Type Your Full Legal Name as Signature *

Date

IP Address (auto-captured)

SIGNED
✓EXECUTED

Agreement Executed Successfully

This document has been electronically signed and is legally binding.

Agreement ID: —

Signed By: —

Date: —

Property County: —

Status: ACTIVE — Pending Review

What Happens Next?

1. Our team will review your signed agreement within 1-2 business days.

2. We will verify the surplus funds with the county treasurer's office.

3. We will contact you with a status update and next steps.

4. Once funds are recovered, The County Treasurer releases funds directly to you. Our flat $2,500 fee is due after you receive your funds..

Questions? Contact us at (928) 963-2760 or recovery@businessdevelopmentauthority.net

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