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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.

    “Thank you for helping us through a very tough time!”
    My wife and I sought counsel after Bank of America ran us around until they finally were able to get around to foreclosing on us. Mr. Haynes asked what it is we wanted out of this, and he actually listened. He found what we wanted and then he made it happen, in the timeline he said he would. Thank you for helping us through a very tough time.
    S.K.
    “Mr Haynes is courteous, informative, professional, and really knows his area of law.”
    Mr Haynes is courteous, informative, professional, and really knows his area of law. He answered all of our questions, and was willing to meet with us whenever needed. He focused his knowledge to help my father obtain a short sale on his property, in a very short period of time. I believe that Mr. Haynes is honest and trustworthy, and that he will accomplish what he says he will do for you.
    R.Q.
    “Call Mr. Haynes if you want someone who will fight for you!”
    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.
    “We would like to thank Attorney Haynes and his staff for their flexibility, patience and professionalism throughout the entire process!”
    We would like to thank Attorney Haynes and his staff for their flexibility, patience and professionalism throughout the entire process of reconciling our home back to good standing. Since the recession started in 2008 we were having difficulty staying afloat and had to make some hard decisions, of which, had some unexpected consequences. Nevertheless, after a 7 year battle with the legal system this was brought to closure. We will be forever grateful for their services and will look to them in the future for other legal matters dealing with properties and future businesses. Many Blessings!
    A.M. and Family
    “Thank you for always keeping communication with me, for your professionalism and accuracy.”
    Dear Mr Benjamin Haynes, I want to thank you for helping me stay in my home. After 7 years of living a nightmare of fraud and schemes I finally found a firm that in just a matter of a couple of months delivered exactly what I had hoped! Thank you for always keeping communication with me, for your professionalism and accuracy.
    M.E.

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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