Frequently Asked Questions

Typically, a motion needs to be filed with the court so that these funds can be collected. In order to do this, you can hire an attorney on your own which is very costly – attorneys typically charge an hourly rate which you will have to pay out-of-pocket, even if they aren’t successful. Alternatively, if you find an attorney that works on contingency, then they will charge a fee as high as 30% or more!

When the claims are more complex in nature, our attorneys need to work diligently to establish you as the rightful recipient of these funds, and to ensure that the court orders a release of these funds by the agency holding them.

By working with LFF Funding Solutions LLC, all of the attorney’s fees and related expenses are completely covered by us. There are zero out-of-pocket expenses that you will incur. And we work strictly on a contingency basis, so we only get paid when/if you get paid! And if we are not able to recover any funds on your behalf, then our services are 100% free of charge!

After one year, the funds from your foreclosure sale are sent to the FL treasury. They can still be claimed from there but that process is much more complex and takes significantly longer, so we really need to collect them before one year.

The biggest problem isn’t the funds being lost to the county or state, but there are people who watch these cases and if someone doesn’t file for the funds within the first few months they will fraudulently try and collect the funds for themselves. They might even try and sign your name on certain papers in an attempt to claim the funds.

We have worked with homeowners in the past who were victims of fraud and we were able to defeat those fraudulent claims and get the funds disbursed to the homeowners correctly.

If you utilize LFF Funding Solutions LLC services, we will never ask you to pay us a dollar out of your pocket. LFF Funding Solutions LLC will advance any and all costs and fees in order to process your claim. We only are paid on the back-end once we have secured the funds on your behalf. This will all be spelled out in your agreement with us.

The funds will eventually be sent to the FL Department of Treasury, but will stay claimable forever, in the state of FL these funds do not “escheat” to the state like other states.If you don’t want the funds, consider using LFF Funding Solutions LLC to partner with one of our charities, many of which go to help homeowners facing foreclosure, or we can partner with a charity of your choosing and direct the funds to them.

Discuss this with your recovery specialist. if needed, we will retain an attorney on your behalf to ensure your income-based support is not disrupted due to claiming your funds.

In most cases, your primary mortgage is a superior lien to that of the HOA, meaning that their lien on the property is not extinguished as a result of the home selling due to the HOA foreclosure. By law, the mortgage company would not be entitled to the surplus funds, and they are yours to claim. There are other pertinent details that need to be discussed in these situations and our legal team here at LFF Funding Solutions LLC is perfectly equipped to help you through them.

The answer is “maybe”! Each case is different based on many factors, including which parties are actually named in the foreclosure suit. LFF Funding Solutions LLC team will provide you with a detailed overview of your specific case at no cost to you. In many cases, these other liens and mortgages are not named in the foreclosure suit and therefore aren’t entitled to receive any of the surplus funds that you may be entitled to.