Miami's Community Newspapers: Insights on Excess Funds in Miami-Dade County - Business

understanding excess funds in Miami-Dade County

acquiring your Trinity Audio player ready... You may not recognize it, but you could rich_person unclaimed funds from a foreclosure, tax deed sale, or other legal proceeding keep in Miami-Dade County. These excess funds are often left over after the resolution of a case and can be claim by the rightful owner or other interest parties.

 With Holocene change in statewide policy see the remittance of unclaimed funds to the Florida Department of Financial Services, my office has take a proactive approach. We have spearhead an enterprise aim at identify and return excess funds to their rightful owner or interest party. This guarantee that money owe to person is properly return, rather than being left unclaimed.

The importance of identify and return excess Funds

But what exactly are excess funds ? These funds are typically the supernumerary money that remains after certain legal proceeding are settle. For case, in the case of a foreclosure sale, the return from the sale are use to wage off the mortgage and any associate fee. If there be money left over after these duty are satisfy, it is see excess funds. Similarly, funds from tax deed gross_sales and other legal minutes are lodge into the Court Registry, and any stay sum after debt are settle may be claimed.

 As part of our enterprise, my office has file or will be filing action with the court to determine who is entitle to these excess funds. We believe it is important to return an active_agent function in guarantee these funds are return to their rightful owner. To date, we have originate action in four-hundred thirty-nine ( 439 ) foreclosure case amount to, 008,069.16 in excess funds.

aid in claim excess Funds

In case where the rightful owner can not be locate, these funds are transfer to the Florida Department of Financial Services Unclaimed Property Division in the name of the owner or interest party. This guarantee that even if the person can not be found immediately, the funds are still available for claim.

If you believe you are owe excess funds, my office is here to aid. You can visit our web_site for More information and resource under homeowner Rights to excess foreclosure sale return at mortgage foreclosure. Additionally, you can check with the Florida Department of Financial Services to see if any unclaimed funds from my office are being keep in your name or business by visiting Floridas Unclaimed Property.

Miami Community Newspapers : Your beginning for local News

For More Miami community news, expression no further than Miami Community Newspapers. This Miami on-line group of newspaper screen a assortment of subject about the local community and beyond. Miamis Community Newspapers offer daily news, on-line resource, podcast, and other multimedia content to support reader inform. With subject range from local news to community event, Miamis Community Newspapers is the ideal beginning for stay up to date with the latest news and happening in the area.