Have you heard of tax lien certificate overages? If you haven’t then check out the article below. You may want to start looking into them for profits.
Real estate investors (or wanna-bes!), if you haven’t heard of tax lien certificate overages, you’re in for a green, papery treat. Tax lien certificate overages, and overages created by tax deed sale and sheriff’s sale, are running rampant with the current foreclosure rates – and you, or anyone in the know, can make a six-figure income off these overages alone. And you probably won’t have to invest more than 10-20 hours a week in it, from your home office.
When more is bid for property at tax sale than is owed in taxes, overages – also called “tax lien certificate overages”, “surplus funds”, “excess proceeds”, “tax sale overages”, or something similar – are created and held by the government, owed back to the former owner of the property and available for him to collect, simply by writing a letter of request or filling out a claim form in most cases.
The shocking thing? Most owners move on without realizing they are owed anything. The money sits until it escheats to the government, never to be available to the owner again. Most of the time, he never even knows what happened. It’s sad, and wrong that the government keeps this money.
What this means to you if that if you can find records of overages, and figure out who they belong to, do the legwork to find the rightful claimants and then keep your information secret until the owners agree to pay you a percentage for the information, then you’re looking at an easy way to make an extra $ 10,000 a month.
Sound too good to be true? It’s not. Because these overages aren’t held by a state agency, they are generally not subject to any state laws. This means you can charge 30-50% per transaction, and these overages, as you probably know, are often for huge amounts. This is no joke; court cases have upheld money finders’ right to collect whatever percentage they want on these funds.
Find funds, find owners, sign some papers, send in the claim, and collect five-figure finder’s fees. It’s as simple as that.
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