Collecting Overages From Real Estate Auctions - A Home-based Business You Can Work Worldwide

If you're looking into collecting overages from real estate auctions

, excellent choice. You're getting in on the business in its infancy, and at an amazing time economy-wise, with the number of foreclosures happening. So few people even know what collecting overages from real estate auctions is, and it's not likely too many people will catch on before you've made a million or two in finder's fees.

If you're not in the know, collecting overages from real estate auctions basically means finding records of unclaimed real estate funds, finding who they belong to, and collecting the two for a finder's fee. It sounds almost too simple to believe, but very few people work this angle of real estate. This is likely because most savvy people are aware of finder's fee limits imposed by state law, and assume they also apply to the oftentimes huge sums of money created at these auctions.

They don't.

Due to a little-know legal loophole, these funds aren't subject to finder's fee limits. That means that you can charge whatever you want - court cases have found in favor of those charging 30-50%, or more, depending on the case - and that collecting overages from these auctions can make you five figures on one transaction alone.

Imagine the possibilities out there right now. There are literally billions of dollars sitting in government agencies that are eligible to be collected by their rightful owners - if only they knew about them.

If you can find the records of these funds, do the legwork to find their missing owners (who almost never have a clue about the money, for a variety of reasons), and keep your mouth shut about where the money is from until you've gotten them to agree to your percentage, you can easily have a five-figure per month source of income, that believe it or not, takes about as much time as a part-time job. As if that weren't enough, next to nothing needs to be done in person, meaning you can work this job from your home office, whether you're American, Australian, Russian or anywhere in between.

by: Maggie Dawson

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