While many people may be unaware, those whose homes are sold in a foreclosure sale, for more than is owed on their home loan, may be entitled to the surplus funds of the foreclosure auction. Our firm has helped clients recover hundreds of thousands in surplus funds*.
Our firm can handle all aspects of your foreclosure surplus case, from filing the paperwork correctly and promptly, to representing you in court against government and/or bank liens, including code enforcement, IRS, and second mortgages.
The process itself can be confusing, which means you should consider hiring legal counsel from an Orlando foreclosure surplus lawyer to guide you through the process. If one misses a deadline or files paperwork with mistakes, they may be legally blocked from receiving the funds!
Florida Statute 45.032 (c) states that “Surplus funds are the funds remaining after payment of all disbursements required by the final judgment of foreclosure and shown on the certificate of disbursements.” Florida Statute 45.032 (2) further states that “There is established a rebuttable legal presumption that the owner of record on the date of the filing of a lis pendens is the person entitled to surplus funds after payment of subordinate lienholders who have timely filed a claim.
In order for a homeowner to collect these funds, one must properly notice the court within a specific time frame in order to be eligible to win the money. Many times, the second or third lien holders, albeit a bank or government entity, will try and collect these funds that should belong to the homeowner. This is where having a lawyer that has handled Florida foreclosure surplus cases can come into play.
If you believe you are due surplus money from a foreclosure sale or you want help fighting other lien holders, call Haynes & de Paz, P.A. right away. Don’t miss out on the money you deserve from your home equity that you had been funding for years!
Remember, our attorneys don’t get paid, unless you do!
Call today and set up your no-cost consultation to discuss your case—(888) 252-8754
*Prospective clients may or may not receive similar results