Frequently Asked Questions

 A surplus occurs during a property foreclosure when the property's sale price exceeds the total amount owed, including the loan, delinquent taxes, and HOA fees. The excess funds—surplus funds—are due to the property owner. If the property's sale price is higher than the debt, the owner is entitled to receive the additional money. 

While it is theoretically possible to recover surplus funds independently, the process can be challenging due to inflated judgments and complex accounting in foreclosure cases. Banks' attorneys often work aggressively, potentially overstating amounts owed and including questionable liens, which complicates the process.

By hiring our firm, you ensure that you maximize your return. With over 25 years of combined real estate experience, our attorneys handle all filings electronically for faster court processing. We represent you in court, saving you time and minimizing disruptions to your work. Our advanced automation allows us to process and deliver your funds more quickly than other firms.

Once banks and lien-holders have collected their share from the sale, they typically have no interest in the remaining surplus. This money stays in the county treasury until it is claimed. The county may send a single notice about the surplus to the property’s foreclosed address, often unseen if the homeowner has moved. If there's no response, the funds remain unclaimed for one year before being forfeited. The notice may look similar to a foreclosure notice, leading homeowners to overlook its positive intent. 

In surplus fund recovery, an Assignment of Interest lets you transfer the right to claim any extra money from a property sale to a reputable company like Equity Advantage Solutions, LLC. This enables you to take advantage of our expertise to maximize your recovery and streamline the process—without any upfront costs 

Our office collaborates closely with county courts in Florida and Georgia to manage foreclosed properties. We utilize advanced skip-tracing tools to accurately identify valid phone numbers, addresses, and other contact information. This data is sourced from historical and current credit reports and other demographic records. These methods are legal and comparable to those employed by collection agencies. In some cases, we may also contact family members or close associates with information on how to contact the individual. 

Our firm charges a modest service fee, which is only payable once the funds are released to you by the judge. We cover all legal costs, court filing fees, and registration fees, so you incur no upfront expenses. Additionally, our fees are significantly lower than those of other firms in the industry. 

Our process is transparent and efficient. Typically, cases are resolved within 60 to 90 days in Florida. You can always contact a partner at our firm for updates via phone or text. 

Our business is in good standing with the Secretary of State, and our attorney is licensed in the state of Florida. We understand that our clients may be facing stressful situations, and we are dedicated to providing honest and reliable support. Attorney details are available upon request and are listed in our service agreements. 

We understand that navigating your situation can be challenging, and we're here to help. We offer personalized insights and access to various options and resources designed with your needs in mind. Through our trusted partnerships with experienced real estate professionals and private investors, we can connect you with the right support and opportunities to make a meaningful difference. 

Heirs or Beneficiaries: Those named in the deceased owner's will or designated as beneficiaries in a trust may be eligible.

Executor or Administrator: The executor named in the will or an administrator appointed by the court can claim the funds on behalf of the estate.

Surviving Spouse: Depending on state laws and the ownership structure, a surviving spouse may have rights to the surplus funds.

Legal Heirs: If there is no will, the state's intestacy laws will determine the legal heirs who may claim the funds.