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Why the customer pays the lost money tracer?

Why the customer pays the Lost Money Tracer:
If the customer does not pay the lost money tracer as agreed to in the service agreement contract the tracer will take the customer to court. Most service agreement contracts include the standard cost of collection and legal fees to be paid by the customer. That means the tracer's customer will end up paying a great deal more for not paying as agreed. This is another example of it is best to honor the terms of the contract. If you do not honor the contract agreement, expect to end up paying a lot more money for breaking your word by breaking the contract. It is always best to honor the conditions of every contract you sign and always have your lawyer review every contract before signing any document, agreement or contract.
 

The lost money Tracer business is a lot like the real estate business.

The offer.

Real estate business:
Real estate sales person tells a customer they have buyer for their home.

Lost money tracer:
Lost money tracer tells a customer that they may be the owner of lost money.

Customer rights

Real estate business:
The customer has the right to sell their home on their own with out any help and not pay a sales commission to anyone. But only if the home owner can find a buyer with out any help. The home owner does not know who the sales person has in mine to buy their home.

Lost money tracer:
The customer has the right to claim their own lost money and not have to pay a finders fee commission to anyone. But only if the money owner can find out who owes them the money and claim it. The lost money owner does not know who owes them the money. If the lost money owner did know they would of claimed the money years ago.

Service agreement

Real estate business:
In order to receive help from a professional real estate sales person the customer must sign a service agreement contract. Which says that if the home sells the customer pays the sells person a percentage of the selling price to the sales person as a sales commission.

Lost money tracer:
In order to receive help from a professional lost money tracer the customer must sign a service agreement contract. Which says that if the customer receives lost money the customer will pay the tracer a percentage of the lost money amount as a finders fee.

Parties know when service is provide.

Real estate business:
The sells person knows the home has sold and for how much because of the escrow account set up to handle the escrow closing and title transfer involved with the sale.

Lost money tracer:
By following the instructions the refund check (made out in the owners name) will be mailed to the tracer. This gives the lost money tracer a chance to photo copy the check for their records.

Request for payment

Lost money tracer:
Many tracers mail the refund check to the lost money owner with a COD charge for the finders fee. The money owner has received a photo copy of the refund check by regular mail so that they know that the refund check is in the COD delivery letter.

Many tracers mail a bill with the refund check and the lost money owner will pay by return mail.

A few tracers set up a escrow account and lets the pay the customer and pay the tracer the finders fee. But most of the time this may be to costly.

If the customer fails to pay as agreed.

Real estate business:
If the customer does not pay the real estate sales person as agreed to in the service agreement contract the sells person the sells person will take the customer to court. If the service agreement contract includes the standard cost of collection and legal fees to be paid by the customer, the customer will end up paying a great deal more for not paying as agreed. The sells person has customer agreement and the escrow records to prove service was provided and the home did sell and the home owner must pay the sales commission.

Lost money tracer:
If the customer does not pay the lost money tracer as agreed to in the service agreement contract the sells person the sells person will take the customer to court. If the service agreement contract includes the standard cost of collection and legal fees to be paid by the customer, the customer will end up paying a great deal more for not paying as agreed. The refund owner has a copy of the customer agreement and a photo copy of the lost money check to prove the lost money owner did receive payment and must pay the finders fee.