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How to Collect Excess Proceeds From Tax Sales

This home study course will teach you how to process claims for excess proceeds 

(cash money) that the government owes to people who have lost their homes in a tax sale, for unpaid taxes.


The money left over is just sitting there waiting to be claimed by anyone.


The homeowner does not know this and has a certain amount of time to file a claim for their funds... that could be anywhere from $500-$300,000+


If they fail to claim their funds the government is allowed to keep it.


I've found a 100% legal way to collect.


Inside are step-by-step instructions to process claims & How to collect the checks. Also included, you will get all the documents, letters and important information you'll need to start a lucrative Home Business


What is a Tax Sale?


A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.


The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time.


If the lien is not redeemed, the lienholder may seek legal action which will result in the lienholder either automatically obtaining the property, or forcing a future tax deed sale of the property and possibly obtaining the property as a result.


There are two main methods are used to capture delinquent real property tax: the tax deed sale and the tax lien sale.


Both methods operate using an auction method. Traditionally, the auctions have been live events held at the county courthouse or another designated official location.


Tax Deed Sale


In a tax deed sale, the property itself is sold. 

​ 

At the sale, the minimum bid is generally the amount of back taxes owed plus interest, as well as costs associated with selling the property.


The purchaser making the highestbid for the property takes title. However, the purchaser usually has a very short period (generally 48-72 hours) to pay the entire amount owed, or else the sale is invalidated.


Depending on the jurisdiction, any amount in excess of the minimum bid may or may not be returned to the original property owner, or the owner may forfeit rights to such excess amount if not claimed within a specified period.


Also, anyone having an interest in the property (such as a governmental entity having weed liens on the property) may, in some cases, claim the excess proceeds.


"Discover" How You Can Claim huge Blocks of Money, some $100K+!, with zero Competition. Earn $5,000 to $30,000 through The "Tax Sale Profit System" http://profitwithken.wixsite.com/taxsaleprofitsystem

This article was published on 20.05.2019 by Kenneth Battle
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