As they say, ‘When a foreclosure occurs in Florida, everything seems to be lost.’ However, few people know there may be money for you after the foreclosure sale—money that is rightfully yours!
If you or a friend recently experienced foreclosure, this article will explain how to check to see if you are owed money and how we can help you claim it.
What Are Florida Foreclosure Surplus Funds?
In layman’s terms, the foreclosure surplus funds refer to the cash balance attracted after a foreclosed property has been auctioned. Here’s how it works:
1. Your property is sold at a foreclosure auction.
2. The sale price is higher than the amount of the loan borrowed by the borrower.
3. These funds are due to you, the former owner, as the excess of the sale price over the amount of the mortgage debt.
For instance, if your home was sold for $250,000 while your balance was $200,000, then a $50,000 excess is legally yours.
Who Can Be Entitled to These Surplus Funds?
Under the law, the homeowner (or mortgage holder) receives the remaining balance after the auction sale of the affected property. However, you must act quickly—Florida has specific deadlines and procedures for obtaining these dollars. Moreover, creditors or lienholders may try to participate in the above-stated surplus.
How to Check If You’re Owed Money
Step 1: Check the Foreclosure Sale Information
Begin by getting some information about your foreclosure sale. This entails the price at which you sell your property and any outstanding balance owed on the asset. This information can be obtained at the county clerk’s office or by logging into a foreclosure auction site.
Step 2: Contact the Clerk of Court
The remaining balance from a foreclosure sale is usually held at the Clerk of Court in the county where the property was sold. You can also request information on whether your property has surplus funds.
Step 3: Verify Your Claim
To receive the money, you must provide evidence of property ownership before the foreclosure and proof that you are legally entitled to it.
Why You Need the Help of a Professional
It is not always easy to claim that there is surplus cash. The legal process can be overwhelming, with potential challenges such as:
- Complicated documentation and lawsuits
- Threats: Creditors or lienholders threaten any business because they may compete with the business in various activities.
- Tight timelines have to be met to claim the money.
This is where Bellator Consulting LLC, a pioneer in surplus funds recovery, comes in. We don’t just show you the way; we take charge and ensure a smooth run through the most efficient process.
How We Assist You to Get Back Your Surplus Money
At Bellator Consulting, we deal with the recovery of surplus funds and have experience doing this. Here’s what we do for you:
1. Comprehensive Case Review
- We will first study your case to calculate the amount of excess funds and your right to receive them.
2. Full Cycle Legal Services
- We do everything, from preparing all the required documents to filing the claim on your behalf.
3. Dedicated Support Team
- Our team is always ready to explain, listen, and help you with your concerns so that you feel comfortable during the process.
4. Quick and Prompt Delivery
- We appreciate that time is valuable and strive to transfer your money quickly.
Frequently Asked Questions
1. How can I know of extra funds for my foreclosure matter?
You can get in touch with the Clerk of Court in the county you are in, or we can do it for you. We will scan all the data and verify whether you expect money.
2. When can surplus funds be claimed after so many years?
Florida has specific timeframes for filing for surplus money. Failure to meet these deadlines could mean losing the money, so do not delay to act!
3. Is it necessary for me to deposit to be able to get your services?
No! At Bellator Consulting LLC, we work on a contingency basis. This means you only have to pay us if we have been able to help you retrieve your surplus funds.
Bellator Consulting LLC Friendly Reminder
We understand that foreclosure can be a challenging experience, and dealing with legal claims might feel overwhelming. But guess what? You’re not alone in this journey. Here at Bellator Consulting LLC, we’re not just about surplus recovery; we genuinely care about what we do and are here to support you every step of the way!
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