Turnkey Foreclosure Overages Blueprint Bob Diamond Tax Sale Overages

If the property owner does not pay their real estate tax, there can be a Tax Repossession by the neighborhood county and if that residential or commercial property goes to Tax Repossession public auction, there is often a prospective buyer who purchases the residential or commercial property for even more than what was owed in real estate tax. Allow me clarify # 2 for you a little deeper claim you owe $15,000 in real estate tax on your home and your building enters into Tax obligation Foreclosure.

State the residential or commercial property markets for $100,000 and from that, the county takes their $15,000 they were owed for real estate tax. Mortgage Foreclosure Overages. What takes place to the remaining $85,000 that the staff of court has in their financial institution account? The homeowner has to make a claim to the county clerk and the court generally assesses these claims and honors the property owner his money

The area government HAS NO OBLIGATION to notify or tell the previous home owner. J.P. Morgan states these Tax Foreclosure sales create nearly 13.6 million bucks in overages, or equity, every single day. It boggles the mind! They do NOT tell the former proprietor this equity results from them since if it's not collected, the government reaches maintain that money after a repaired quantity of time.

Exclusive Tax And Mortgage Overages Program Bob Diamond Overages

My great friend, Bob Diamond, is an expert in this specific niche of excess and assists property owners get the money that's due to them. He just recently informed me that they presently have 2.2 million bucks in excess under agreement in his workplace and they will receive costs of about 30% of that 2.2 million.

Tax Deed Overages Tax Sale Overage Recovery

There are a couple of points you will require to be successful in the excess company. Below are the 4 simple actions you will certainly need to follow: Discover that is owed the cash and that to obtain a targeted listing. County Tax Sale Overage List. Since Bob is an attorney, he understands exactly just how to acquire the list required to locate these former homeowners

The overages market is a fantastic location for a genuine estate novice to begin their occupation. Begin with tax sale excess, and after that work your method up to more complicated funds like mortgage repossession overages and unclaimed estates.

Award-Winning Mortgage Foreclosure Overages Guide Tax Foreclosure Overages

This is likewise a wonderful way for somebody who doesn't want to deal houses anymore to remain in the realty market without obtaining their hands also dirty. Bob refers to this as the "Robin Hood System" and if you think of, this name totally makes good sense. There is a substantial amount of cash in it for YOU as an insider that would certainly be finding this money for individuals from the federal government.