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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.

    “Haynes Law Group are great, I highly recommend them!”
    Haynes Law Group are great, I highly recommend them! Mr. Haynes personally walked myself and my siblings through our case every step of the way. His staff are also amazing, they answered any questions or concerns promptly and accurately. Excellent practice from top to bottom, thanks again!
    E.I.
    “I can't say enough about this firm.”
    I can't say enough about this firm. I literally had 24 hours to file with circuit court or lose surplus funds from my father's Florida property. I goggled how to file myself and Haynes & De Paz popped up. I contacted them and they went to work immediately. Did every thing they said they would and collected the funds. Thank you!
    K.S.
    “I would highly recommend Attorney Haynes if the need arises!”
    I wanted to take this opportunity to thank Attorney Benjamin Haynes of Haynes and de Paz, P.A. for the counsel and guidance provided by him and his firm during my recent real estate foreclosure activity. His recommended approaches provided me the time necessary to list and complete a “short sale” of my property. Real Estate Foreclosure activities are often convoluted and intimidating and engaging Attorney Haynes was an excellent decision on my part. His representation enabled me to concentrate on moving forward while he dealt with the intricacies’ of the myriad Foreclosure statutes. With his assistance I was able obtain much needed relief from the pending Foreclosure action. I would highly recommend Attorney Haynes if the need arises.
    W.B.
    “The law firm of Haynes and De Paz provided me with the best possible outcome in my case.”
    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.
    “Your firm is by far the BEST!”
    Mr. Benjamin Haynes I can not express how extremely satisfied and happy that we chose you to handle our foreclosure surplus case. Not only did you do an AMAZING job you did it in less time than I ever expected. Your firm is by far the BEST! Thank you!
    E.C.

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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