A. There are three ways that the funds can be distributed to the owner from the government holder:
1.Payment made payable to the owner and mailed to the owner’s address. They inform us/our affiliated company when proceeds have been received or we follow up directly with the government holder.
2.Payment made payable to the owner and mailed to us, then the check is exchanged at the time of payment of the fees.
3.Payment made payable to and mailed to us and held in trust, then the residual funds after deducting our fees are paid to the owner (requires a limited Power of Attorney and is used if we do not have a relationship with the owner or if they are in a different jurisdiction.) Therefore the owner has no real risk in options #1 and #2.
Please contact us with any further questions:
GLOBALAW, Inc.
880 Third Avenue
New York, NY 10022
Tel: (212) 751 0406
Fax: (212) 751 0409