Foreclosure Surplus Recovery in Florida: How to Claim Your Surplus Funds
- jvtaormina
- Mar 27
- 2 min read
If your property was recently sold at a foreclosure auction in Florida, you may be entitled to money left over from the sale—this is known as a foreclosure surplus. Whether you are the former homeowner or an heir to the previous owner, you must act quickly to secure these funds through a foreclosure surplus recovery process. Attorney Joe Taormina can help recover the surplus funds on your behalf if you need assistance.
What Is a Foreclosure Surplus?
When a foreclosed property is sold at auction, the funds first go toward paying off the outstanding mortgage, legal fees, and other liens. If the property sells for more than the amount owed, the remaining balance—called the foreclosure surplus—is deposited with the court. This is basically the equity of the property owner.
The former homeowner or their heirs have the right to claim these surplus funds, but they must follow the correct legal procedures. If a valid claim is not filed, the surplus money could end up being claimed by others, such as lienholders, or even forfeited to the state.
How to File a Foreclosure Surplus Claim in Florida
To begin the foreclosure surplus recovery process, you need to file a foreclosure surplus claim form with the court handling the foreclosure case. This form requires you to provide:
Proof of ownership or heirship (if applicable)
The foreclosure case number
A request to have the surplus funds released to you
While this process might seem straightforward, complications can arise, such as competing claims from lienholders or challenges to your eligibility. In such cases, a foreclosure surplus attorney can help you properly file your claim and represent you in court if necessary. Contact Orlando Real Estate Attorney Joe Taormina for help or to answer any questions.
Why You Should Consider a Foreclosure Surplus Attorney
While it is possible to fill out and submit a foreclosure surplus claim form on your own, many individuals find that working with a foreclosure surplus attorney makes the process easier and more efficient. Here’s why:
Legal Guidance: An attorney ensures that your claim is filed correctly and that you meet all legal requirements.
Court Representation: If a hearing is required, an attorney can represent you in court and argue on your behalf.
Faster Recovery: Mistakes or missing documents can delay the process. An attorney can streamline your claim and help you get your money sooner.
Protection from Scammers: Unfortunately, some companies try to take advantage of homeowners by charging high fees for simple claims. A trusted attorney provides legitimate legal assistance.
How Taormina Law, P.A. Can Help with Your Foreclosure Surplus Recovery
At Taormina Law, P.A., we specialize in helping homeowners and heirs recover their foreclosure surplus funds. We handle the entire process, including:
✅ Filing the foreclosure surplus claim form
✅ Representing you in court hearings if needed
✅ Securing a court order for the release of your surplus funds
If you or a loved one recently lost a property to foreclosure and believe you are entitled to surplus funds, don’t wait. Contact Taormina Law, P.A. today for a consultation and let us help you claim what’s rightfully yours.
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