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What To Do If You Are Contacted By A Third-Party Surplus Funds Recovery Company

Recently, I’ve been getting several calls from prospective Clients seeking assistance in filing a claim for their tax deed foreclosure and/or mortgage foreclosure surplus funds. During my calls, it is often mentioned by the prospective Clients that they were initially contacted by a by a Third-Party Surplus Funds Recovery Company, who advised them of the surplus funds that were available after the recent foreclosure sale of their Florida property. My response to prospective Clients when this is mentioned is always the same and it is that they made a great decision by contacting a Florida Surplus Funds Recovery Attorney immediately.

Most of the time, Third-Party Surplus Funds Recovery Companies often mislead former Homeowners’ when it comes to the recovery of their surplus funds after the recent foreclosure sale of their Florida property. These companies do this by guaranteeing that they will recover 100% of the surplus funds that are available to the former Florida Homeowner. However, this is oftentimes not the case as there are several other factors that can lead to the former Homeowner not receiving the entirety of the Florida foreclosure surplus funds that are available to them. An example of one of these factors is if there are Subordinate Lienholders that are eligible to file a claim. These factors are why I always advise that a former Florida Homeowner contact a knowledgeable Florida Surplus Funds Recovery Attorney as they can usually circumvent said factors to ensure that the former Florida Homeowner receives the most amount of money possible from their Florida foreclosure surplus funds claim.

Another way that Third-Party Surplus Funds Recovery Companies can mislead former Homeowners’ when it comes to the recovery of their Florida foreclosure surplus funds is by making them sign an agreement that actually signs away their right to the surplus funds and in turn assigns it to the Third-Party Surplus Funds Recovery Company. Should you find yourself in this scenario it can be tricky for you to regain this right, but it’s not impossible. In fact, I have had Client’s whom I was able to assist in not only regaining their right to THEIR surplus funds but also assist them with the filing of their claim as well. However, allow me to emphasize that if a former Florida Homeowner assign’s away their rights to a Third-Party Surplus Funds Recovery Company and the surplus funds are disbursed to said company, then it will be too late for the former Homeowner to change their mind and the surplus funds will be lost.

As you can see, the first thing you should do if you are contacted by a Third-Party Surplus Funds Recovery Company is to consult with a Florida Surplus Funds Recovery Attorney right away. A Florida Surplus Funds Recovery Attorney can inform you of your rights as well as explain the claim filing process. If you do decide to move forward with the assistance of a Florida Surplus Funds Recovery Attorney, then you can bet that they are representing your best interests, per the Florida Bar’s rules of ethics, and not just their own. According to the Florida Bar, if an Attorney is not representing their Clients’ best interests, then they can face severe punishment whether it be monetary sanctions or potential disbarment (which means the Attorney will no longer be able to practice law in Florida).

If you are a former Florida Homeowner, whose property has been sold at a Florida foreclosure auction, and have been contacted by a Third-Party Surplus Funds Recovery Company, please give me a call and I will personally give you a free consultation! During our consultation, I will confirm whether or not you have surplus funds available to be claimed as well as answer any questions that you may have. If there are surplus funds available to be claimed, then I will also provide you with a personalized strategy as to how we will go about the claim filing process.

At Haynes Law Group, P.A., we have experienced Attorneys who are well versed in the Florida statutes governing former Florida Homeowners claims to foreclosure surplus funds and have helped to claim hundreds of thousands of dollars for former Florida Homeowners. We represent former Homeowners all over the state of Florida no matter which county they are in and will work tirelessly to ensure that you receive the Gold Standard of Legal Service. Best of all, we represent our Clients on contingency which means we don’t get paid unless you do!

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