How Do I Know If I’m Owed Surplus Funds After a Foreclosure?

Foreclosure is already a difficult experience, but what many homeowners don’t realize is that they may be entitled to money even after the foreclosure sale — this is called surplus funds.

🏠 What Are Surplus Funds?

Surplus funds are the extra money left over when a foreclosed home is sold at auction for more than what is owed on the mortgage and any liens. For example, if your home is sold for $250,000 and you owed $180,000, there is a $70,000 surplus that may legally belong to you.

✅ Step-by-Step: How to Know If You’re Owed Surplus Funds

1. Check the Foreclosure Sale Results
   Visit the county clerk’s website and look up the property by address or case number to see the final auction price.

2. Compare to Your Loan Balance
   Review your last mortgage statement or contact your lender to confirm how much was owed at the time of foreclosure.

3. Look for Other Liens
   Any junior liens (like second mortgages, HOA fees, or IRS tax liens) may get paid out of the surplus first. The remaining balance after all liens is what you may be entitled to.

4. Check With the Court or Clerk of Court
   Most Florida counties hold the surplus funds in a court registry. You can call or visit the clerk’s office to confirm if funds are being held under your foreclosure case number.

5. File a Claim or Hire a Professional
   You must submit a formal claim to access the funds. A mistake can delay or forfeit your claim — that’s where we can help.

💡 Bonus Tip: Time Matters

You only have a limited time to claim surplus funds before the state may take them. Don’t wait.

📞 Need Help Claiming Your Funds?

At Visionary Surplus Recovery, we help Florida homeowners reclaim the money they’re legally owed — fast and hassle-free.

Contact us today or call us at (813)934-4146 for a free consultation.