Tax Sale Overbids - procure Them, and Earn a Six-Figure earnings From Your Home Office

Law Offices - Tax Sale Overbids - procure Them, and Earn a Six-Figure earnings From Your Home Office

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Tax sale overbids - in general, people don't know what they are. In general, people haven't even heard of them! Even ask a seasoned tax sale investor what he thinks happens when you lose properties because you couldn't pay the asset taxes. Just about every time he'll say that the tax sale office takes all the money bid at auction.

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Well, too bad for the owner. In about half of the tax assembler offices in the U.S., that's exactly right. If you lose your property, you lose any equity you had right along with it. The government takes the tax sale overbids - every last dime of it. It's morally despicable, but government isn't kindly to the small guy. Anything who's ever paid taxes knows that the government will take Anything money it can get regardless of either it's fair or not.

In the other half of U.S. Counties, however, the government keeps the tax sale overbids - that is, Anything number was bid at tax sale over the number owed in taxes - for the owner. Seems a minute bit better, right? Well, hold your horses - it's not as great as it seems. The government still takes the money if the owner doesn't come to get it within tight window of time - commonly a year.

Here's why this doesn't make it any better: how do you think the government notifies the rightful owner? They've lost their asset - the one with the address on file with the county! The government sends a notification, to consideration the owner of their tax sale overbids - to the house they vacated long ago. This makes no sense.

How often do you think owners perceive the money is there? How hard do you think the governmental department is going to look for the owner, when the effect is that they get to keep all the tax sale overbids that never get paid out?

Are you beginning to see a huge occasion here?

These overbids are created at local government agencies, not at the state level, so they're not governed by state unclaimed funds finder fee law. The owners are missing. You put together the owner with his funds, that he has no clue exists, and payment a 40-50% finder's fee to get it for him. He feels like he hit a jackpot, and your bank account is fattened to the tune of ,000 or more a month. That's if you're working, let's say, 30 hours a week on it.

It's totally legal - for now. If you want to make finder fees, get in right away before the government changes the laws.

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