subject: How To Profit From Tax Foreclosure Sales Anywhere In The World - No Property Ownership Necessar [print this page] If you're living outside of the U.S., you can still profit from tax foreclosure auctions. It's a bit of a challenge to attend foreclosure auctions, or make bids over the telephone for property you've never seen (even though, no one can inspect these foreclosure properties no matter where they're from prior to wining a bid on it at tax sale). No problem. As the saying goes, America is the land of plenty, and even if you reside in England, Ireland, Australia or Japan, it really makes very little difference - there are a number of methods for potential investors to generate sufficient profits from the tax foreclosure sales happening in the U.S.
When tax foreclosure auctions occur, almost every single property generates an overage - that is, the property bidder bids higher than the taxes owed on that property. Most state laws require the return of the extra money back to the original owner of the foreclosed property (this holds true in mortgage foreclosure situations, also). However, in most cases foreclosed home owners never realize that the auction overage is rightfully theirs. Obviously, no one is in a rush to tell them about it, either.
This is an excellent money-making opportunity for any U.S. based, as well as international real estate investors. By providing the service of locating these "excess funds" (which are open for public record viewing) and helping to return them to their rightful owners, you may charge a service fee anywhere from 30% to 50%. Tax foreclosure sale overages have no limit in terms of dollar amounts, and can become quite sizable. The owner receives money he never realized he had, and the money-finder (you) receives a healthy compensation in return. It's really a win/win situation.
An international investor could easily gain access to these public records (as they are not exclusive to U.S. citizens), and get right down to business. Coupled with the currently oversold market conditions (and with tax foreclosure on the rise), now is the ideal time for an investor outside of the U.S. to make their move. Taking advantage of this little known loophole is a perfect place to start.
