Expert Foreclosure Help

Tax Foreclosure Properties – A Hidden Opportunity to Profit

Tax foreclosure properties are an awesome investment. If you haven’t already learned how to buy them without attending the tax sale, you should definitely look into it since there are so few deals available directly from the auction with competition being so fierce these days. But this article is not about the money you can make from owning these tax foreclosure properties – it’s about the huge amount of money you can make from the overages they create at the tax sale.

This hidden opportunity to profit is from the massive finder’s fees people are making connecting former owners of tax foreclosure properties with the extra money that was bid for their properties at the tax sale, over what they owed in taxes. This is called the overage, or surplus funds, or excess proceeds, overbids, overplus – it differs state by state but they all boil down to the same thing.

The government holds these funds for the owner in most cases, but as you can imagine, owners are rarely able to be reached once their house has been lost to tax sale. They’ve often moved on long before the property ever reached tax sale. They can be hard to find, and thus, they frequently have no idea they’re owed money, often in the tens of thousands of dollars. After a while, it escheats to the state.

That’s why money finders are so important to have, and why they are paid so well. If you can find these funds and then track down their owners, you are entitled to a 30-50% finder’s fee, because these funds are not governed by state law. You can charge whatever you like within reason. This means that you can easily create a six-figure per year income just pursuing these lost funds on behalf of their (overjoyed and grateful) owners.

Very few people are aware of this finder’s fee loophole. Thus, competition is still next to nonexistent. If you’re looking to start a home-based business you can run entirely in your pajamas that still has a nice profit potential, this is definitely one to consider. With the rising rate of foreclosure, these funds are being created every day, and without more money finders a lot of owners will lose their money permanently to the agency holding it.

When collecting overages, it’s key to understand how to approach the owners so they don’t try to avoid your fee. Read the *free* overages “Insider’s Guide”: Click Here Now.

Interested in buying property direct from owners? Learn the insider strategies from this *free* report: Click Here Now.

M. Dawson is a real estate and found money expert.