- Antoine Dumas, Esq.
Understanding Your Rights and Options in a Florida Tax Deed Surplus Action
In Florida, a tax deed surplus action is a legal process that allows an owner of property or a lienholder to reclaim surplus funds that were generated from the sale of property at a tax deed sale. This process is governed by Florida Statutes Chapter 197.
When property is sold at a tax deed sale, the proceeds from the sale are used to pay off any outstanding tax liens on the property. If there are any funds left over after the liens are paid, they are known as surplus funds. These surplus funds are often held by the county tax collector's office until a tax deed surplus action is filed to determine the rightful owner of the funds. In Broward County, the Instructions and Information to Claim Surplus Funds for
Tax Deed Applications Filed After 9/30/18 can be found here.
There are several parties who may be entitled to claim the surplus funds, including the former owner of the property, any lienholders, or any parties with an interest in the property. In order to file a tax deed surplus action, a person must submit a written request to the county tax collector's office and provide evidence of their ownership or interest in the property.
The tax collector's office will then review the request and determine whether the person is entitled to the surplus funds. If the request is approved, the surplus funds will be released to the rightful owner. If the request is denied, the person may appeal the decision in court.
It is important to note that the process for reclaiming surplus funds from a tax deed sale in Florida can be complex and time-consuming. Therefore, it is advisable for anyone considering filing a tax deed surplus action to seek the guidance of an experienced attorney. An attorney can help navigate the legal process and ensure that all necessary steps are taken to secure the surplus funds.
In summary, a tax deed surplus action is a legal process in Florida that allows property owners or lienholders to reclaim surplus funds generated from the sale of property at a tax deed sale. While the process can be complex, seeking the assistance of an experienced attorney can help ensure that the surplus funds are reclaimed successfully.
If you are an owner of a property in Florida that was sold at a tax deed sale and would like to reclaim the surplus funds you are entitled to, it is advisable to speak with an experienced attorney who has experience in these matters. A seasoned tax deed surplus attorney can help you understand your legal options and represent you in court if necessary.
If you are in need of legal representation or guidance, don't hesitate to reach out to our experienced team at Talented Tenth Law. Our attorneys have a wealth of knowledge in Tax Deed Surplus Actions and are here to help you navigate your legal situation. Give us a call today at (754) 800-5291 or click here to schedule a consultation and discuss your options. Don't let your legal issue become a bigger problem – take control and call us now.