Sam Surplus            Success 

Foreclosure surplus funds are monies that are left over after a home is foreclosed if it is sold for more than what is owed to the bank. When all the disbursements required by the final judgment of a foreclosure sale are made, the homeowner is legally entitled to the remaining funds.
 

Most homeowners are not aware that these funds exist or that they may be able to claim them after the foreclosure is completed. When surplus funds exist after a foreclosure, it means that the lender has made a profit on the sale of your property. This has become very common in today's real estate market where most properties in Florida still have equity even after a foreclosure sale. Often homeowners aren't properly notified about the surplus money they may be entitled to, and if the claim is not made timely, they may lose their rights to the surplus and all the profits could go back to the bank.