Award-Winning Bob Diamond Tax Sale Overages Guide Unclaimed Tax Overages
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Award-Winning Bob Diamond Tax Sale Overages Guide Unclaimed Tax Overages

Published Oct 13, 24
3 min read

If the house owner does not pay their property tax obligations, there can be a Tax obligation Foreclosure by the neighborhood area and if that residential or commercial property goes to Tax Foreclosure public auction, there is frequently a prospective buyer who acquires the residential or commercial property for more than what was owed in residential or commercial property taxes. Let me describe # 2 for you a little deeper state you owe $15,000 in residential property tax obligations on your house and your residential property goes right into Tax Repossession.

State the residential property costs $100,000 and from that, the county takes their $15,000 they were owed for real estate tax. County Tax Sale Overage List. So what happens to the staying $85,000 that the clerk of court has in their savings account? The homeowner needs to make a claim to the county staff and the court generally evaluates these insurance claims and awards the house owner his cash



The county federal government HAS NO commitment to alert or tell the former homeowner. J.P. Morgan claims these Tax obligation Repossession sales generate almost 13.6 million dollars in overages, or equity, each and every single day. It's astounding! They do NOT inform the former owner this equity is because of them due to the fact that if it's not gathered, the federal government obtains to keep that money after a repaired amount of time.

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My buddy, Bob Diamond, is a specialist in this particular niche of excess and helps homeowners obtain the cash that's due to them. He just lately told me that they presently have 2.2 million dollars in overages under contract in his workplace and they will certainly get charges of approximately 30% of that 2.2 million.

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There are a couple of points you will require to be effective in the excess company. Below are the four simple steps you will need to follow: Figure out who is owed the cash and who to obtain a targeted list. Bob Diamond Overages. Since Bob is a lawyer, he knows precisely how to get the listing needed to locate these former home owners

That's extraordinary? The overages market is a fantastic location for a property beginner to begin their job. These finder's fees add up to a very great revenue for any person placing a full time initiative. Tax and Mortgage Overages. Beginning with tax obligation sale excess, and after that work your means as much as extra difficult funds like home mortgage repossession overages and unclaimed estates.

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This is likewise a wonderful means for a person that does not want to purchase and sell residences any longer to stay in the realty market without obtaining their hands too filthy. Bob describes this as the "Robin Hood System" and if you think around, this name absolutely makes feeling. There is a significant quantity of cash in it for YOU as an insider who would be discovering this money for people from the federal government.

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