As soon as your foreclosure sale goes through, you will start receiving calls, text messages and even people showing up at your door. These people are associated with surplus recovery companies, asset recovery companies, or other third party companies. Their goal is to have you assign away your rights to your surplus funds. Below are a few reasons why this is a very bad idea for you:
These companies are not lawyers. They often tell former homeowners that they have “in-house” lawyers. They don’t. They outsource and refer the case to a lawyer that they choose, not you. The BIGGEST issue with them being non-lawyers is this, what happens if they take all the money and dissolve their business? Good luck finding them. Good luck getting your money back. And, oh yes, I have seen this happen a few times in Florida. If you hire a surplus recovery lawyer, they are governed by the rules of ethics under the Florida Bar. A lawyer can’t run away with your money.
- 12% sounds good
12% is the most a foreclosure surplus recovery company is allowed to collect. That sounds like a good deal to most! Yet, a former homeowner doesn’t understand that most of the time, these companies fail in collecting surplus funds. I have seen a homeowner assign away their rights to these companies, only to hire me a year later to come in and collect the funds. It’s frustrating to me as an experienced Florida surplus funds lawyer because collecting surplus funds is generally not straight forward. Yet, surplus funds collection being easy is a common misconception which these companies try to push on homeowners.
- Timing and Volume
It is ALL about volume for these surplus recovery companies. Once they have you signed up, they often will sit on your case for months and months. This is because they are only allowed to collect 12% per Florida Statute 45.033(3)(e). Therefore, they want to sign up as many cases as possible. Don’t be another casualty of a surplus recovery company.
I suggest your hire your OWN lawyer. Don’t assign away your rights and let the surplus recovery company hire a lawyer to represent them, and not you. Because I can assure you of this, their lawyer is NOT looking out for your best interest. I have many cases to prove that statement.
Call a top Florida foreclosure surplus lawyer today. I have handled hundreds of surplus cases all over the State. I will give you a free consultation and if you hire me I represent YOU. I also will take your case on a contingency. This means I only get paid if I win AND collect for you.
Call 1-888-252-8754 now, or visit www.surpluslawyers.com
If you need a Top Ranked North Miami Foreclosure Surplus Lawyer, Top Ranked Ft. Lauderdale Foreclosure Surplus Lawyer, Top Ranked West Palm Beach Foreclosure Surplus Lawyer, Top Ranked Orlando Foreclosure Surplus Law Firm; Top Ranked Tampa Foreclosure Surplus Lawyer, Top Ranked Ft. Myers Foreclosure Surplus Lawyer, Top Ranked Sarasota Foreclosure Surplus Lawyer, Top Ranked Pasco County Foreclosure Surplus Lawyer, Top Ranked Lake County Foreclosure Surplus Lawyer, Top Ranked Lakeland Foreclosure Surplus Lawyer, Top Ranked Lee County Foreclosure Surplus Lawyer, Top Ranked Broward Foreclosure Surplus Lawyer, Top Ranked Palm Beach Foreclosure Surplus Attorney, Top Ranked Miami-Dade Foreclosure Surplus Attorney, or a Top Ranked Jacksonville Foreclosure Surplus Lawyer, Haynes Law Group will represent a homeowner in any county in Florida!