subject: Cashing In On Tax Deeds - A Method You Probably Haven't Heard Of [print this page] Everyone and his brother has now heard about the great deals you can get from buying tax delinquent property. Unfortunately, that means the industry has become overcrowded, and now it is next to impossible to get a great bargain on a property from tax sale. If cashing in on tax deeds is what you're looking for, you may have to do it another way - without owning tax deed property at all.
There's another, almost secret, way to make money from the sale of tax deeds. Secret, because so few people have caught on at this point that it's wide open. This method of creating a huge amount of income is simple to do, can be done remotely from anywhere in the world, costs next to nothing to run, and is truly the best way of cashing in on tax deeds: tax sale overages.
Tax sale overages are created when more is bid on a tax deed than is owed in back taxes. The overage is held for the owner to come in and collect for a specified period of time before being lost permanently to the government. Owners often assume they've lost everything and move on, not realizing they have a large sum of money owed to them. Sadly, most don't figure it out before it's too late.
Because these funds aren't held by a state agency, they aren't subject to state finder's fee limits. So it's legal to charge 30-50% per transaction as a money finder for these real estate created funds. Owners almost never have any idea where the money is coming from, and are more than happy to pay 30-50% for money they would certainly have lost otherwise.
With these funds amounting to $10,000-$100,000 apiece, making five figures on each claim is routine. And with the skyrocketing number of foreclosures - by the way, mortgage foreclosures have overages, too - money finders are needed now, more than ever.
