Proven Unclaimed Tax Sale Overages System Real Estate Overage Recovery

If the home owner does not pay their residential property taxes, there can be a Tax Foreclosure by the neighborhood county and if that residential property goes to Tax Foreclosure auction, there is usually a bidder that gets the residential or commercial property for more than what was owed in real estate tax. Let me discuss # 2 for you a little deeper say you owe $15,000 in real estate tax on your house and your home goes right into Tax Foreclosure.

Claim the residential property costs $100,000 and from that, the county takes their $15,000 they were owed for real estate tax. Overages List by County. So what occurs to the remaining $85,000 that the clerk of court has in their savings account? The property owner has to make a claim to the county clerk and the court usually examines these cases and awards the home owner his money

The county government HAS NO OBLIGATION to alert or inform the previous property owner. J.P. Morgan claims these Tax obligation Foreclosure sales create virtually 13.6 million bucks in excess, or equity, every solitary day.

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My friend, Bob Diamond, is a professional in this particular niche of excess and assists house owners get the money that results from them. He just lately told me that they presently have 2.2 million bucks in excess under contract in his office and they will certainly get charges of about 30% of that 2.2 million.

Advanced Bob Diamond Tax Sale Overages Strategy Tax Sale Overage Recovery

There are a few points you will certainly require to be effective in the excess service. Below are the four simple steps you will require to adhere to: Find out that is owed the cash and who to obtain a targeted list. Unclaimed Tax Overages. Since Bob is an attorney, he knows precisely just how to obtain the listing needed to discover these previous home owners

The excess market is a fantastic place for a real estate newbie to begin their job. Beginning with tax obligation sale overages, and then function your method up to more complicated funds like home loan foreclosure overages and unclaimed estates.

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This is additionally a fantastic means for somebody that doesn't intend to deal residences anymore to remain in the property market without obtaining their hands too unclean. Bob refers to this as the "Altruistic System" and if you consider, this name totally makes good sense. There is a substantial quantity of cash in it for YOU as an expert who would be finding this money for people from the federal government.