Coronavirus: How will Covid-19 Impact your Florida Mortgage Payments? Learn More!

How Third-Party Purchasers Can Affect Your Tax Deed Foreclosure Surplus Funds

Today, we will be discussing how Third-Party Purchasers can affect a former Florida Homeowner’s claim for surplus funds after the recent Tax Deed Foreclosure Sale of their Florida property. First, allow me to explain what a Third-Party Purchaser is and their relevancy in regards to a Florida Tax Deed foreclosure sale. In layman’s terms, a Third-Party Purchaser is the party that has purchased the former Homeowner’s property at a Tax Deed Foreclosure Sale.

As the former Homeowner you may now be wondering “How is it that a Third-Party Purchaser can affect my claim to tax deed foreclosure surplus funds?” The answer to this is laid out in Fla. Statute 197.582(8) “The tax deed recipient may directly pay off all liens to governmental units that could otherwise have been requested from surplus funds, and, upon filing a timely claim under subsection (3) with proof of payment, the tax deed recipient may receive the same amount of funds from the surplus funds for all amounts paid to each governmental unit in the same priority as the original lienholder.” Meaning that if the Third-Party Purchaser pays off the entirety of the Governmental Liens, if any, associated with the Florida property, then they are able to file their own claim for a portion of the surplus funds. It is important to note, however, that the Third-Party Purchaser can file a claim for the surplus funds ONLY if they have paid off the Governmental Liens and ONLY for the amount that they paid off and nothing more. ***Please note that in regular Mortgage Foreclosure cases this is not the case and Third-Party Purchasers are not entitled to any portion of the surplus funds. For more information on this please click here.

Moving on, if there are not any governmental liens associated with a Florida property and a Third-Party Purchaser purchases said property at a Florida Tax Deed foreclosure sale, then they will not be eligible, or entitled, to file a claim for any of the surplus funds, if any, as there are no governmental liens needing to be paid off or that have been paid off.

If you are a former Florida Homeowner who has recently had their home sold at a Florida Tax Deed Foreclosure Sale and have recently received a notice from the Clerk stating that there are Tax Deed Foreclosure Surplus Funds available for you to claim, please give me a call and I will personally give you a free consultation! During our consultation, I will answer any questions that you may have. I will also provide you with a personalized strategy as to how we will go about the claim filing process for YOUR Florida Tax Deed Foreclosure Surplus Funds. Moreover, if you are a former Homeowner who has recently had their home sold at a Florida Tax Deed Foreclosure Sale and are unsure as to whether, or not, there are surplus funds available to be claimed, please give me a call and I will personally look into your case to see if there are surplus funds available for you to claim.

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 what 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!

Categories: