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Overbid Tax Deed Proceeds

Published Jan 19, 25
3 min read

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It's generally a lawyer or a legal assistant that you'll finish up speaking to (unpaid taxes on houses). Each county of course wants different details, yet in basic, if it's a deed, they desire the job chain that you have. The most current one, we really foreclosed so they had entitled the act over to us, in that case we sent the action over to the legal assistant.

The one that we're having to wait 90 days on, they're making sure that no one else comes in and declares on it. They would do more study, however they simply have that 90-day period to ensure that there are no insurance claims once it's liquidated. They refine all the records and guarantee whatever's correct, after that they'll send out in the checks to us

Back Taxes Owed On Homes

Free Tax Sale Properties ListOtc Tax Liens


Another just thought that came to my head and it's taken place when, every now and then there's a duration prior to it goes from the tax division to the basic treasury of unclaimed funds (surplus funds). If it's outside a year or two years and it hasn't been claimed, maybe in the General Treasury Department

If you have an act and it takes a look at, it still would certainly coincide procedure. Tax obligation Excess: If you require to retrieve the taxes, take the building back. If it does not market, you can pay redeemer tax obligations back in and get the residential or commercial property back in a tidy title. Regarding a month after they accept it.

Once it's approved, they'll claim it's going to be two weeks because our accountancy department has to refine it. My preferred one was in Duvall County.

Tax Seizures AuctionsGovernment Tax Property Sales


Even the counties will certainly tell you - tax owed property sale. They'll claim, "I'm an attorney. I can load this out." The counties constantly respond with stating, you don't require an attorney to load this out. Any person can fill it out as long as you're an agent of the firm or the proprietor of the property, you can fill up out the documentation out.

Florida seems to be quite contemporary regarding just checking them and sending them in. foreclosure property taxes owed. Some desire faxes which's the worst due to the fact that we need to run over to FedEx just to fax things in. That hasn't held true, that's only happened on 2 areas that I can think of

It most likely offered for like $40,000 in the tax sale, but after they took their tax obligation cash out of it, there's about $32,000 left to declare on it. Tax Overages: A whole lot of counties are not going to offer you any extra information unless you ask for it however once you ask for it, they're definitely useful at that point.

House Tax Liens

They're not going to give you any kind of additional details or assist you. Back to the Duvall area, that's how I got into an actually excellent conversation with the paralegal there.

Other than all the information's online since you can simply Google it and go to the region web site, like we make use of naturally. They have the tax obligation deeds and what they paid for it. If they paid $40,000 in the tax obligation sale, there's possibly excess in it.

They're not going to let it obtain too expensive, they're not mosting likely to allow it obtain $40,000 in back tax obligations. If you see a $40,000 sale, there are possibly surplus insurance claims in there. That would certainly be it. Tax Excess: Every county does tax obligation foreclosures or does foreclosures of some type, specifically when it pertains to residential property tax obligations.

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