Lots of investors trouble and toil over buying property or liens at tax sale. It’s getting harder and harder to buy property this way, as visibility grows and more people get into the game. A little niche that is still largely unexploited, however, is collecting overages from real estate auctions – overages resulting from the bidding at those tax and lien sales.
Basically, when more is bid for a property than is owed at tax or sheriff’s sale, that overage is frequently left due and owing to the original delinquent owner. Unfortunately for them, often there is inadequate notice given that the funds exist, and the owner goes on his or her way leaving all that money behind to escheat to the government. This is where money finders come in. For a finder’s fee, they are willing to locate these owners and assist them in collecting their funds.
What makes collecting overages from real estate auctions different from, say, finding the owner of a sum of money from a lost bank account, is the finder’s fee limits. On things like stock dividends, utility deposits, and savings accounts, a money finder can generally only charge 10%. Not only that, but those types of lost money are often advertised on the state’s website for free, and anyone who is the least bit familiar with the internet can find them.
When collecting overages from real estate auctions, on the other hand, there are almost never limits to what a finder can charge, due to a little-known loophole. And no one except hardcore real estate investors generally discover these funds. Since real estate created overages are routinely in the tens of thousands of dollars, the profit potential is sky-high.
Find the records, find the owners, and get them under contract for 30-50% for your information and assistance, and you’ll enjoy some nice real estate profits – without ever having to touch a deed.
So where to find records of these funds, and how to find their owners? Read the *free* Hooked On Overages “Insider’s Guide.” Visit http://Tax-Sale-Overages.com now. Or, take the *free* 5-day Video Training! Visit http://Overages-Training.com now.
Distributed by http://www.ContentCrooner.com
|
|