What Are Surplus Funds After a Foreclosure in Florida?
When a home goes through foreclosure in Florida, the property is typically auctioned off to the highest bidder. But what many homeowners don’t realize is that they might be entitled to money even after losing their home. This leftover money is known as surplus funds.
What Are Surplus Funds?
Surplus funds are the remaining proceeds from a foreclosure sale after all debts tied to the property have been paid. This includes the mortgage balance, court fees, attorney fees, and any other liens.
For example:
Mortgage owed: $120,000
Foreclosure sale price: $160,000
Surplus Funds: $40,000 (minus fees)
These funds legally belong to the former homeowner or their heirs — not the lender, county, or state.
Who Can Claim Surplus Funds?
The original homeowner
Heirs or beneficiaries (in case of death)
Any party listed as having a right to the funds in the foreclosure order
How Can You Claim Them?
You must file a claim with the court that handled the foreclosure. This process often involves legal paperwork, verifying your identity, and responding to any disputes.
At Visionary Surplus Recovery, we specialize in helping former homeowners recover the money that’s rightfully theirs — even if they’ve already moved on or are unsure how to start.
Don’t Leave Money on the Table
If your home was foreclosed on, you could be owed thousands. Let us help you check.
Contact us today for a free review of your case. Contact Us
