subject: Considering Real Estate Careers? Become A Tax Sale Overage Specialist And Work From Home [print this page] When most look into real estate careers, they initially pursue a license to become an selling agent. The commissions seem great, but it takes a lot of leg work to close a single property, and in reality most don't make much money. All of the sudden, the cons start to outweigh the pros, and being an agent isn't as appealing.
There's another option if you're interested in real estate careers. Tax sale overages offer many opportunities that being an agent could never compete with. The primary advantage of working the tax sale overage angle is that the earning potential skyrockets, while the frustrations of being an agent disappears.
Almost all tax sale auctions produce "bidding overages". In other words, bidders end up paying more than what is actually owed on the tax note. This overage is kept by the state after they satisfy the property tax bill on file. The money, as written in state law, is rightfully owed to the original owner of the property.
However, in almost all cases the homeowner never returns for these unclaimed funds. The primary reason is that most do not realize that it is there to begin with. The state is not under obligation to seek out these individuals beyond sending a notice to the address of the property they lost. If the rightful owner doesn't claim the money, the state will eventually gets to keep it.
As an Overage Recovery Professional, you simply help the owners claim their money. In doing so, you would be compensated with an average of 30% to 50% of the overall claim. These commission rates are industry standards, and the claims commonly run in the five to six figure ranges. The job it self requires nothing more than an internet connection, and a phone. No need to drive or deal with unrealistic client expectations. Find, connect, and get paid.
