High-Impact Bob Diamond Overages Curriculum Unclaimed Tax Sale Overages

If the house owner does not pay their building taxes, there can be a Tax obligation Foreclosure by the regional county and if that property mosts likely to Tax Repossession auction, there is commonly a bidder that purchases the home for even more than what was owed in real estate tax. Let me describe # 2 for you a little deeper state you owe $15,000 in property taxes on your residence and your property goes into Tax Repossession.

State the property offers for $100,000 and from that, the county takes their $15,000 they were owed for real estate tax. Overages List by County. What happens to the remaining $85,000 that the clerk of court has in their bank account? The home owner has to make an insurance claim to the area clerk and the court typically reviews these insurance claims and honors the homeowner his money

The area government HAS NO responsibility to notify or tell the former property owner. J.P. Morgan claims these Tax Foreclosure sales create nearly 13.6 million dollars in overages, or equity, every day. It boggles the mind! They do NOT inform the previous owner this equity results from them since if it's not accumulated, the government gets to keep that cash after a dealt with quantity of time.

Unmatched Real Estate Overage Recovery Strategy Best States For Tax Overages

My great close friend, Bob Diamond, is an expert in this specific niche of excess and aids property owners obtain the cash that's due to them. He simply lately told me that they presently have 2.2 million bucks in excess under agreement in his office and they will certainly obtain fees of about 30% of that 2.2 million.

Bob Diamond Tax Sale Overages Best States For Tax Overages

There are a few things you will certainly need to be successful in the excess business. Below are the four basic steps you will certainly require to follow: Figure out who is owed the cash and that to get a targeted list. Tax Auction Overages. Since Bob is an attorney, he understands exactly how to obtain the checklist required to locate these former property owners

The excess market is a terrific location for a genuine estate novice to start their job. Begin with tax sale excess, and after that function your method up to a lot more difficult funds like mortgage foreclosure overages and unclaimed estates.

Cost-Effective Tax Overages List Course Best States For Tax Overages

This is likewise an excellent method for someone that does not intend to deal houses anymore to remain in the realty market without getting their hands too dirty. Bob refers to this as the "Robin Hood System" and if you believe around, this name totally makes good sense. There is a significant quantity of money in it for YOU as an insider that would certainly be finding this money for people from the federal government.