On a quiet evening in Jacksonville, Florida, Maria Alvarez sifted through a pile of unopened mail, still adjusting to life after losing her family home in a foreclosure. It had been months since the sale, and though she was trying to move forward, the lingering sense of loss was inescapable. Then, a single envelope caught her eye. The return address was the county clerk’s office, a place she’d long associated with legal proceedings and mounting debt. With hesitation, she opened it.
Inside was a notice: her foreclosure sale had generated surplus funds — a term she’d never heard before. The letter explained that her home had sold at auction for more than the amount owed, leaving thousands of dollars unclaimed. Maria was stunned. Could it really be true?
Discovering the Truth About Surplus Funds
Maria learned that surplus funds are governed by Florida Statute § 45.031, which outlines how excess proceeds from foreclosure sales are handled. According to the law, these funds belong to the former property owner unless other parties, like lienholders, file valid claims. In her case, no such claims had been made yet.
Unsure of where to turn next, Maria remembered a flyer she’d received about a company called Nexus Recovery Solutions, which specializes in helping people recover surplus funds. Their tagline, “Your Path to Reclaiming What’s Rightfully Yours,” had stuck with her. Maria decided to give them a call.
The Role of Nexus Recovery Solutions
Within hours of reaching out, Maria was speaking with a representative from Nexus Recovery Solutions who explained how their services worked. The company offered to handle the entire claims process on her behalf, from filing paperwork to navigating potential disputes, in exchange for a modest fee only if they successfully recovered the funds.
“We know how overwhelming this process can feel,” the representative said. “Our goal is to make it as smooth and stress-free as possible for you.”
Maria felt an immediate sense of relief. She provided the documents Nexus requested, including her foreclosure notice and proof of identity, and left the rest in their hands.
Challenges Along the Way
Even with Nexus Recovery Solutions managing her claim, the process wasn’t without complications. Two weeks after filing, the team informed Maria that a credit card company had submitted a competing claim based on a lien. Nexus quickly stepped in, leveraging their expertise in surplus fund recovery to address the issue.
“We’ve dealt with similar cases before,” they assured Maria. “We have lawyers to fight for your claim as the former homeowner. They are already dealing with the courts on this matter.”
Thanks to their thorough preparation and understanding of Florida’s statutes, Nexus successfully resolved the dispute without requiring Maria to attend a court hearing.
A New Beginning
After months of diligent work by Nexus Recovery Solutions, Maria’s claim was approved. The surplus funds, minus a small deduction for administrative fees and the lien, were deposited directly into her account. With the money, Maria was able to pay off lingering debts and even put a deposit on a new apartment.
“I never imagined I’d get anything back after losing my home,” Maria said. “Nexus Recovery Solutions made the impossible possible. This money has given me a fresh start.”
The Hidden Opportunity in Surplus Funds
Maria’s story is far from unique. Across Florida, thousands of former homeowners are entitled to surplus funds but remain unaware of their rights. According to Florida Statute § 197.582, even tax deed sales can generate surplus funds, which the county clerk’s office holds until they are claimed.
However, unclaimed funds don’t remain available forever. Deadlines range from 60 to 120 days after the sale, depending on the circumstances. Once the deadline passes, the money is transferred to the state as unclaimed property, where it can still be recovered — but only with additional effort.
Spreading Awareness
Maria now advocates for others to check if they are eligible for surplus funds and recommends Nexus Recovery Solutions to anyone feeling overwhelmed by the process. “Don’t ignore those notices,” she advises. “Even if it seems like a long shot, it’s worth looking into. And if you need help, there are professionals who can guide you every step of the way.”
Her journey highlights the importance of understanding Florida’s surplus funds laws and acting promptly. For those facing similar situations, partnering with experts like Nexus Recovery Solutions can make all the difference in reclaiming what is rightfully theirs.