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St. Cloud

Surplus Foreclosure Funds Attorneys in St. Cloud, FL

Could your property in St. Cloud sell for more than expected at a foreclosure auction? When the sale price exceeds the outstanding mortgage, court fees, and liens, the additional money is known as surplus foreclosure funds. You might have the right to claim these funds as the original homeowner. Competitive bidding during foreclosure auctions in St. Cloud communities like Anthem Park, Stevens Plantation, and Canoe Creek may sometimes lead to surplus funds.

Surplus foreclosure funds can feel like a lifeline during a difficult time, but the process to claim them can be complex. That’s where Haynes Law Group can help. Our team and founding attorney Benjamin C. Haynes, Esq., recognized as a Super Lawyers® "Rising Star," bring extensive knowledge to help clients through the legal steps required to recover their surplus funds.

Call (888) 252-8754 today. We’re here to guide you every step of the way, ensuring your rights are protected and your claim is handled seamlessly.

Who Is Eligible to Claim Surplus Funds?

Generally, the homeowner listed on the deed before foreclosure has the first right to claim surplus foreclosure funds. However, other parties with a financial interest, such as lienholders, may also have the right to pursue these funds if they can prove their claims. If you’re unsure whether you qualify, connecting with surplus foreclosure funds attorneys in St. Cloud can provide the guidance you need to understand your eligibility.

How to Claim Surplus Foreclosure Funds

Securing surplus funds involves multiple legal steps. 

Here’s an overview of the process:

  • Filing a Motion – The first step is notifying the court that you intend to claim the funds by filing a formal motion.
  • Providing Proof of Claim – You must submit evidence of your right to claim the surplus, such as proof of property ownership or lien documentation.
  • Awaiting the Court’s Decision – The court will review the evidence and decide whether or not to release the funds to you.

Although this may seem straightforward, the actual process is often filled with legal nuances, making it highly beneficial to work with knowledgeable legal professionals. Haynes Law Group has the experience to handle these complexities, ensuring every step of your claim is executed properly.

Why Work with a Skilled Surplus Funds Lawyer?

You’re not required to have an attorney to file for surplus foreclosure funds, but working with a legal professional can significantly increase your chances of a favorable outcome. 

The experienced St. Cloud surplus funds lawyers at Haynes Law Group can:

  • Ensure all documents are completed and submitted accurately.
  • Handle any objections or disputes that may arise from other parties.
  • Keep track of critical deadlines, so you don’t lose your opportunity to claim funds.

With our experienced team leading your case, you can feel confident knowing you have skilled attorneys in your corner who genuinely care and understand Florida foreclosure laws.

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.

    “When I left your office, I was no longer worried.”
    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.
    “I would highly recommend your legal assistance to anyone in need of a expert to get the job done!!”
    Thank you for your professional and very personal expertise during my recent Short Sale transaction! Your immediate response and attention to detail created a very prompt and effective outcome! I would highly recommend your legal assistance to anyone in need of a expert to get the job done!!
    Pam
    “I want to say thanks for the great professional service provided by you and your staff!”
    Ben, I want to say thanks for the great professional service provided by you and your staff from the first call and consultation to winning my foreclosure surplus funds! You gave me great confidence that you understood the laws very well and would give me the best representation for handling my foreclosure surplus case.
    B.H.
    “The most important word we can share regarding our experience with Mr. Haynes and Mr. DePaz is......compassion.”
    The most important word we can share regarding our experience with Mr. Haynes compassion. This is so rare today and yet this firm cares and operates with understanding and exceptional professional standards without compromise.
    R.S.
    “I will highly recommend your firm when someone has the need in the future.”
    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

Are There Tax Implications for Claiming Surplus Foreclosure Funds?

It’s important to understand that the IRS or state authorities may consider surplus foreclosure funds taxable income. Tax obligations will depend on your unique circumstances, and failing to account for them could lead to problems. Your attorney can help you understand these potential tax consequences and connect you with financial professionals to ensure compliance.

How Long Does It Take to Receive Surplus Funds?

Once your motion is filed, the court typically takes several weeks to months to process and approve the release of surplus funds. However, Florida law imposes strict deadlines for filing a claim, so starting the process as soon as possible is imperative. Acting quickly with the help of surplus foreclosure funds attorneys in St. Cloud can prevent missed opportunities and unnecessary delays.

Start Your Claim with Haynes Law Group Today

If you believe you might be entitled to surplus foreclosure funds from a property auction in neighborhoods like Esprit, Keystone Pointe, Turtle Creek, or the surrounding areas, don’t leave your legal rights to chance. Haynes Law Group provides the experience and personalized assistance needed to help you successfully claim surplus funds.

Contact us today to schedule a consultation with our skilled St. Cloud surplus funds lawyers.

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