Surplus Foreclosure Funds Lawyers in DeLand, FL
Imagine you own a home in DeLand, FL, but due to financial difficulties, it goes into foreclosure. The property is then sold at a foreclosure auction, and to your surprise, it sells for more than the amount you owed on the mortgage, plus court fees and other liens. For instance, this might happen in neighborhoods like Glenwood, Victoria Hills, or Trails West, where competitive bidding often pushes sale prices higher. That extra money, known as surplus foreclosure funds, doesn’t just disappear. If this happens, you might be eligible to claim those surplus funds, ensuring any leftover money is rightfully returned to you after all debts tied to the property are settled.
Navigating the process of claiming surplus funds can be challenging, but that’s where Haynes Law Group can step in. With founding attorney Benjamin C. Haynes, Esq.—named a Super Lawyers® “Rising Star”—leading the charge, our team is dedicated to providing skilled legal support to help you pursue the funds you may be owed.
Contact us to schedule your consultation today.
Are You Eligible to Claim Surplus Foreclosure Funds?
Eligibility for these funds primarily depends on your legal interest in the property before the foreclosure sale. Typically, the original property owner or homeowners on record are the first in line to claim these funds. However, secondary parties, such as lienholders, may also have a legal right to claim the surplus in some instances.
If you’re unsure of your eligibility, consulting with our experienced DeLand surplus funds lawyers can help clarify your rights and guide you through the next best steps.
The Process for Recovering Surplus Foreclosure Funds
Claiming surplus funds involves a multi-step legal process, and understanding how it works is key:
- File a Claim – The initial step involves filing a legal motion with the Florida court managing the foreclosure sale. This notifies the court of your intent to claim the surplus funds.
- Present Evidence – Homeowners must submit proof of their eligibility, such as documentation confirming ownership or lien status on the foreclosed property.
- Await Court Review – The court assesses the claim to verify eligibility and ensure all legal protocols are followed. Once approved, the surplus funds can be dispersed.
While this process may seem straightforward, it can be time-sensitive and include legal complexities best handled by surplus foreclosure funds attorneys in DeLand.
Why Work with Haynes Law Group to File a Surplus Funds Claim?
Attempting to recover surplus foreclosure funds independently can be overwhelming, especially when dealing with legal filings, deadlines, and possible disputes. An experienced surplus foreclosure funds attorney can advocate for you, ensuring critical paperwork is accurate and submitted on time, minimizing the risk of potential errors that might delay or jeopardize your claim.
With a deep understanding of Florida foreclosure laws and specific experience in DeLand neighborhoods, Haynes Law Group brings peace of mind to an otherwise complex situation. Our legal team’s insight and commitment to detail can make all the difference in successfully recovering funds.
Our Clients Share Their Stories
At Haynes Law Group, your satisfaction is our priority! See for yourself what our clients have to say about working with us.
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I would like to thank you for handling my home foreclosure lawsuit. I found your firm pleasant, professional and consistently available through the process of my case. Your good work resulted in very satisfactory results. I will highly recommend your firm when someone has the need in the future. Thank you again!Marilyn
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Mr. Haynes helped me recover over $100,000.00 in foreclosure surplus funds in Florida. He took care of everything from start to finish and won my case! If you have any surplus funds from a foreclosure in Florida, call Mr. Haynes if you want someone who will fight for you!T.S.
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Ben, I want to thank you and your law firm for ease and comfort that I felt throughout my entire case. I felt at ease when I sat down with you. Everything was made simple for me to understand; I felt relief at last. The best part was that when I left your office I was no longer worried. So I could say more but the best thing I can say is thank you for the truth. You are what you say you are and that's hard to find nowadays. Everything has been taken care of, no question. So thank you so much. I will be using your firm when and if I need you.F.B.
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The law firm of Haynes and De Paz provided me with the best possible outcome in my case. It is without hesitation that I would retain them going forward if I needed great legal representation. Bravo. Well done.D.M.
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I would like to thank Haynes and De Paz for assisting me with a foreclosure. This was a long and arduous process for me, but they stuck with it and were able to secure a successful settlement. I appreciate all their hard work and would recommend them if you find yourself in the same situation.S.P.
Tax Implications to Consider
Surplus funds may have tax implications depending on the specifics of your case. Since the IRS or state tax authorities might consider these funds taxable income, consulting with a tax professional is helpful. Our team can guide you through these implications and ensure you’re connected with the right resources to comply with tax laws.
How Long Does the Process Take?
The timeline for receiving surplus funds can vary significantly. Cases may take several weeks to months to resolve, depending largely on the complexity of your claim and the speed of court approval. It’s also worth noting that there are strict deadlines for filing a claim, so acting promptly after the foreclosure auction is vital to preserving your rights.
At Haynes Law Group, we’re ready to help you move quickly to ensure every requirement is met on time, giving you the best chance to pursue the funds successfully.
Contact Our Skilled Surplus Foreclosure Funds Lawyers in DeLand
If you or someone you know has experienced foreclosure in DeLand neighborhoods like Glenwood, Victoria Hills, or Trails West, don’t hesitate to seek help from the dedicated legal team at Haynes Law Group. Our firm has extensive experience handling surplus foreclosure funds claims and will work diligently to guide you through this complex process.
Call (888) 252-8754 today to schedule a consultation and take the first step toward resolving your surplus foreclosure funds claim.
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