What Happens to Overages at Tax Deed Sale?

By dhinternational  /  July 22, 2015 / Comments Off on What Happens to Overages at Tax Deed Sale?

What Happens to Overages at Tax Deed Sale?During the tax deed sale period, properties would be sold by the county for prices well above their tax default amounts.  The excess amount or commonly called overages, often run into tens of thousands of dollars.  Overages are legally due back to the homeowners who have lost their property to back taxes.  Unfortunately, many times the homeowners have already moved out and not aware of the overages owed to them.  This becomes a great opportunity for you to make some serious money by contacting the homeowners, and helping them for a fee of course.

If you are able to find the homeowners and assist them in collecting their overages, you can charge up to 50% in finder’s fee.  This method is not well-known but is legal.  Make the first move as soon as possible because if you do not, the government gets to keep the money, if it is left unclaimed after an extended period of time.

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