Putnam County Florida Foreclosure Surplus Funds – Official Homeowner Guide
Foreclosure Surplus Funds Recovery for Former Homeowners, Heirs, and Estates in Putnam County, Florida
When a property is sold at a judicial foreclosure sale in Putnam County for more than the total amount owed on the mortgage judgment, court costs, and recorded liens, the remaining balance is known as foreclosure surplus funds, also referred to as excess proceeds.
Under Florida Statute §45.032, foreclosure surplus funds belong to the former homeowner or other legally eligible claimants — not the bank, lender, or foreclosing party.
In Putnam County, these funds are typically held in the court registry by the Putnam County Clerk of Court & Comptroller. Any release or disbursement is subject to court order following the filing and approval of a verified surplus funds claim.
Important distinction
This guide applies only to foreclosure surplus funds arising from mortgage, HOA, or lien foreclosures.
If you are searching for Putnam County tax deed surplus funds, you may click here for the county tax deed surplus guide.
If your property was sold at a foreclosure auction, continue reading below.
Visionary Surplus Recovery serves as the Equity Surplus Claims Department, assisting former homeowners, heirs, and estates with attorney-managed, clerk-compliant filings, probate coordination, and no upfront fees.
How Surplus Funds Are Created in Putnam County
Surplus funds are created when a foreclosure auction results in a final bid that exceeds:
The final foreclosure judgment
Court costs and fees
Subordinate lien amounts adjudicated in the case
The remaining balance becomes judicial foreclosure sale proceeds and is deposited as funds held in the court registry.
Common Foreclosure Types Producing Surplus Funds
Residential mortgage foreclosures
HOA and condominium association foreclosures
Junior lien foreclosures
Step-by-Step: How to File a Surplus Funds Claim in Putnam County
The Putnam County Clerk of Court & Comptroller, through its Civil Court Services Division and Foreclosure Department, follows formal statutory procedures when processing foreclosure surplus funds claims.
1. Where Are Surplus Funds Held?
Surplus funds are maintained by the Putnam County Clerk of Court & Comptroller until a court-authorized disbursement is approved.
2. Required Claim Documentation
Most foreclosure surplus claims require:
A verified surplus funds claim form
Government-issued photo identification
Proof of former ownership interest
Assignments of interest (if applicable)
Probate documents if the former owner is deceased
All documentation must meet verified claim documentation standards.
3. Filing Deadlines
Claims must be filed within the statutory timeframes established under Florida Statute §45.032. Late or incomplete claims are subject to denial.
4. Clerk Review & Court Approval
The Clerk evaluates:
Claim completeness
Competing claims or liens
Probate authority
Statutory compliance
All disbursements remain subject to court order.
5. How Funds Are Issued
Once approved, surplus funds may be distributed by:
Court-issued check
Wire transfer
Zelle (when permitted by the court)
Why Surplus Funds Claims Get Denied in Putnam County
Many surplus funds claims are delayed or denied due to avoidable errors, including:
Incorrect or missing documentation
Probate not completed or improperly filed
Improper or non-compliant assignment agreements
Competing lienholder or creditor claims
Filing after statutory deadlines
⚠️ Important Filing Warning
Claims initially filed without professional representation that later require correction, amendment, or litigation may be subject to modified recovery terms, including a higher recovery fee, due to the additional work required.
Probate & Heirs: What Happens If the Owner Is Deceased
If the former homeowner is deceased, probate is typically required before foreclosure surplus funds can be released.
Key Probate Considerations
Summary vs. formal administration
Appointment of a personal representative
Letters of Administration
Counties will not release surplus funds without proper probate authority.
For additional guidance, review our Florida probate surplus funds process guide.
Major Cities, Urban Areas & Neighborhoods in Putnam County
Cities & Municipalities
Palatka (county seat)
Interlachen
Crescent City
Pomona Park
High-Foreclosure Zip Codes
32177
32148
32112
Well-Known Neighborhoods & Communities
West Palatka
East Palatka
Silver Lake
Grandin
Common Foreclosure Street Names
Reid Street
Moseley Avenue
St. Johns Avenue
Crill Avenue
Palm Avenue
Schools, Colleges & Medical Facilities
Palatka High School
Crescent City Junior-Senior High School
St. Johns River State College
Putnam Community Medical Center
Regional VA medical facilities serving Putnam County residents
What Happens If You Do Nothing
If foreclosure surplus funds are not claimed:
Funds may eventually escheat
Lienholders may intervene
Probate requirements increase over time
Claims become legally and procedurally complex
Surplus funds are not automatically released.
Filing a Claim Yourself vs Using a Professional Firm
Why Homeowners Choose Visionary Surplus Recovery
Former homeowners and heirs choose Visionary Surplus Recovery as their Equity Surplus Claims Department because we provide:
Attorney-managed foreclosure surplus claims
Clerk-compliant filings
Probate coordination included
No upfront fees
Faster processing with fewer denials
Pre-Foreclosure Help in Putnam County (Equity Protection)
If your property has not yet gone to foreclosure auction, you may still have options to:
Stop foreclosure in Putnam County
Sell your house fast in Putnam County
Receive a cash offer before foreclosure
Sell as-is and close in as little as 7 days
Through Visionary Estates UPP LLC, distressed homeowners can preserve equity before auction.
📞 Call David – Cash Acquisitions Manager
813-335-8082
What Happens After You File a Claim
Clerk review timelines vary
Court approval may be required
Funds are released only after final authorization
Frequently Asked Questions About Surplus Funds in Putnam County
How long does it take to receive foreclosure surplus funds?
Timelines vary but often range from several weeks to a few months.
Does the bank receive the surplus funds?
No. Excess proceeds belong to the former homeowner or eligible claimant.
Can I file the surplus claim myself?
Yes, but errors frequently lead to delays or denials.
What if multiple heirs exist?
Probate and court authorization are required.
Are foreclosure surplus funds taxable?
Consult a licensed tax professional.
Putnam County Homeowner Resources
Homeowners may also benefit from reviewing the Florida foreclosure surplus funds guide, as well as neighboring county procedures such as foreclosure surplus funds in Flagler County, Volusia County Clerk of Court surplus funds, or Clay County foreclosure surplus funds.
If your property has not yet gone to auction, explore options to stop foreclosure in Putnam County, sell your home fast before foreclosure, or check surplus funds eligibility to determine whether funds are currently held in the court registry.
Ready to Recover Your Putnam County Foreclosure Surplus Funds?
Use our Free Surplus Eligibility Tool to receive a county-specific evaluation and determine whether foreclosure surplus funds are being held on your behalf in Putnam County, Florida.
