Foreclosures in high-value Florida neighborhoods are generating large amounts of surplus equity, as properties sell far above the judgment balance at auction. These cases present unique refund opportunities for former owners.
“A million-dollar home with a $400K debt can generate hundreds of thousands in refunds — if the owner knows to claim it,” said a surplus fund strategist.
Affluent areas in Collier, Sarasota, and Palm Beach counties are leading in surplus fund potential.
