Forged Documents and Fraud Target Foreclosure Surplus Funds

As the foreclosure surplus recovery industry grows, so does fraud. In recent months, courts have seen a surge in fake surplus fund assignments, forged POAs, and unauthorized third-party filings. The Foreclosure Focus warns homeowners and heirs to verify credentials and check court dockets before signing anything.

This release outlines red flags, suggests best practices for verifying fund recovery agents, and calls on state bars and legal oversight boards to issue formal guidelines protecting the public from exploitation.

💻 When and Where Are Tax Deed Sales Held?

Tax deed sales in Palm Beach County are conducted online, typically on designated Wednesdays at 9:30 a.m., with proxy bidding available as soon as the tax certificate is published to the auction calendar.

📅 View Palm Beach’s tax deed auction schedule

Sales are not held on holidays, and the Clerk’s office does not provide legal advice or guarantee a clear title. All research, including liens and encumbrances, is the buyer’s responsibility.

🛠️ DIY Tools: Tax Deeds Toolbox

📝 How to Register, Bid, and Pay

To bid in a Palm Beach County tax deed sale:

• Register online prior to the auction (no fee to view).
• Deposit the greater of 5% of your maximum intended bid or $200.
• Bidding increases in increments of $100.
• Final payment must be received by 2 p.m. the next business day after the sale.

💳 Accepted:

• ACH (for deposits)
• Cash
• Official bank or cashier’s check
• Wire transfer (final payment only)

🚫 Not accepted:

• Personal checks
• Credit cards
• ACH for final payment

📑 Step-by-step: How to bid on tax deed properties

📜 Claiming Surplus Funds After a Tax Deed Sale

If a property sells for more than the outstanding taxes and costs, the remaining funds—called surplus or excess proceeds—may be claimed by:

• The prior owner
• Heirs (with proper legal documentation)
• Lienholders (if valid and timely)

Surplus claims must be filed within 120 days of the Notice of Sale or according to the statute. If unclaimed, funds may be forfeited.

📂 Claim tax deed surplus funds
📋 Palm Beach Tax Deed Surplus List – Purchase Reports