Jacksonville, FL – April 2025
If a family member’s home was foreclosed and sold at auction, you may be entitled to the leftover equity. These surplus funds can be claimed by heirs through an affidavit process, even without a formal will.
“Heirs often qualify for refunds they never knew existed — it’s their right,” said a probate specialist.
Many recovery groups now offer simplified services for heirs across Florida.
What Are Surplus Funds and How Do They Work in Florida Foreclosure Cases?
Miami, FL – April 2025
When a Florida property is foreclosed and auctioned, the sale proceeds first go to cover the outstanding debt. Any leftover balance is called surplus funds — and they belong to the original homeowner or their heirs.
“It’s essentially a foreclosure refund — but most people don’t even know it exists,” said a surplus fund educator.
Understanding surplus fund rules is the first step in claiming what you’re owed.
Florida Surplus Funds May Be the Key to Restarting After Foreclosure
Sarasota, FL – April 2025
For many former homeowners, surplus funds provide a fresh financial start. Reclaimed funds can be used for moving expenses, new housing, debt relief, or saving — but only if the claim is filed on time.
“This is about more than money — it’s about recovery, dignity, and a second chance,” said a housing advocate.
Support is now available at community centers and housing assistance programs statewide.
Surplus Funds: What Happens If You Don’t Claim Them in Florida?
Deltona, FL – April 2025
Unclaimed surplus funds don’t sit in court forever. If no rightful party files a claim, the funds may be distributed to subordinate lienholders or turned over to the state’s unclaimed property division.
“Once they’re escheated to the state, it becomes much harder — and sometimes impossible — to get them back,” said a foreclosure researcher.
It’s crucial to check on surplus availability within the first year after sale.
Florida Counties Launch Digital Tools to Help Homeowners Find Surplus Funds Online
West Palm Beach, FL – April 2025
Several Florida counties have rolled out online systems that allow residents to check for surplus funds linked to their foreclosure case. These portals simplify the search process and often include filing instructions.
“You no longer need to call or visit the courthouse — just search your name online,” said a county clerk.
Online filing tools are now live in Orange, Broward, and Miami-Dade counties.
Surplus Fund Claims Increasing in 2025 as More Florida Homeowners Learn the Truth About Equity
Naples, FL – April 2025
More Florida residents are learning they may still be owed equity after foreclosure — and surplus fund claims are on the rise. As home sale prices remain strong, auctions continue to generate refunds for past owners.
“We’re seeing claims every day from people who assumed they had nothing left,” said a recovery team lead.
Groups are actively canvassing Florida neighborhoods to help homeowners and heirs file their claims.
