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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.

    “Outstanding service!”
    Thanks Haynes Law Group, for the outstanding service that was provide during the probate proceedings of the Forbes estate.
    V.F.
    “I would without a doubt, strongly recommend this law office and Attorney Mr. Daniel De Paz to handle your case.”
    Mr. Haynes referred me to talk to Mr. Daniel De Paz who handled my case. During my entire case my attorney was upfront, frank and very professional with all his decisions. He never hesitate to talk to me every time I called him and he always returned all my calls very promptly. He was very easy to talk to and explained my case in a very simple and easy way that I could understand. I was very surprised as to how quickly he solved my case. I hope I never need an attorney again but if someone needs any kind of legal representation, I would without a doubt, strongly recommend this law office and Attorney Mr. Daniel De Paz to handle your case.
    T.B.
    “I personally do not plan on going through this again; however, if I know someone else who is, I would definitely recommend Benjamin Haynes for their case.”
    I came to Benjamin Haynes at a time when I had very little options regarding my foreclosure. He was very confident in what we would be able to do and it was the biggest relief to turn things over to him and let him handle things from that point on. His assistant Ashley was also very helpful in the sense that she would get back to me when she said that she would and I always knew my messages were getting to Mr. Haynes. I personally do not plan on going through this again; however, if I know someone else who is, I would definitely recommend Benjamin Haynes for their case.
    K.D.
    “We would trust Haynes and De Paz to represent us again!”
    Haynes Law Group represented our foreclosure case for over a year. It was really nice to have a lawyer that constantly communicated with us, and made us feel comfortable and informed throughout the entire process. They were able to get us a very favorable decision, and we would trust Haynes to represent us again in any legal situation.
    Paul & Matt
    “I appreciate all their hard work and would recommend them if you find yourself in the same situation.”
    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.

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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