Money left over when a property sells for more than the judgment. It goes to junior lienholders and then the former owner, not the buyer.
Why it matters to a bidder
Paying more than the judgment does not earn the buyer anything back. A surplus does tell you that junior liens were wiped out and are likely to chase the money rather than the property.
Florida Foreclosure Surplus Funds: Who Gets the MoneyOther terms
- Lis pendens
- Final judgment of foreclosure
- Certificate of sale
- Right of redemption
- Objection to foreclosure sale
- Certificate of title
- Surviving lien
- Writ of possession
- Tax deed sale
Next, after surplus funds
- What Plaintiff Max Bid Means at a Florida Foreclosure SaleThe plaintiff max bid is the lender's pre-set credit bid at a Florida foreclosure sale: where it comes from, why it is hidden, and what a third party must beat.
- How to Pay for a Florida Foreclosure Auction PurchaseFlorida clerks want cleared funds within a day, sometimes the same day. Why a bank mortgage cannot work, and how buyers use cash, private money and hard money.
- The Complete SystemEvery step we run before we bid, on real Florida dockets.
- Talk to us firstFifteen minutes, weekdays. Nothing is charged on the call.