Foreclosure Secrets
Does Every New Sale Require Another Freedom of Information Act (FOIA) Request
No. Simply resubmit the same request when the list is updated or a new sale occurs.
Does One Pay The County To Get A List
Each state and county is different. Some will charge for the list and some of won’t. The lists cost anywhere from $2 to $50 (usually ~$30). It is actually a good thing to pay for the list, as it puts one ahead of all the others who lists that are ...
Is The County Obligated To Maintain Lists Of Prior Tax Sales
Yes, they are obligated to maintain these lists.
What Is The Minimum Overage Amount To Go After
The minimum overage amount to go after depends on the market. If it is a new market, $10,000 is the minimum. But there are a lot of good leads that many skip ranging from $7,000 to $9,000. One can go lower ($5,000 to $7,000) if working on a volume ...
The County Recorder’s Office Asked For A Reason For Requesting The Excess Funds List
Ok. Just say it’s for research purposes.
Is The Period For Claiming Funds Limited
The time period (time limit) depends on the state. There are some states that allow up to a decade for the funds to be claimed. Most often, these excess funds are with the trustee or court for 12 months and then they go to the state. Check the ...
Must One Do Business In The Same State The Company Is Registered
No, but do hire an attorney from the state where one is doing business.
XYZ State Doesn't Allow Assignment Fee - What To Do Next
Sign the Attorney Retainer Agreement and Fee Agreement.
Can Anyone Work This Business Remotely
Yes. The only thing needed is the internet, a phone and determination to succeed. Pick any market, it doesn’t have to be the state/county one resides in.
Are There Escape Clauses or Loopholes For California
In California it’s important to know that one will not be signing agreements with homeowners. Instead, there will be an agreement between one's self and the attorney. Then the attorney will submit claims on behalf of the owner. Of course, first ...
Can't Find Parcel Numbers In The County - What Is A Civil Action Number
First, a Civil Action Number (CAN) is a number assigned to a court case. To pull up all documents associated with the case, one will use the Civil Action Number.
Couldn't Access Data on Stox or Quickbase - Other Ways To Find Mortgage Overages?
Yes, by tracking the sales online or visiting the trustee's websites to find the mortgage overages. Alternatively, by attending the auctions in person (or hire someone on Craigslist to attend on one's behalf).
TruePeopleSeacrh.om Has Outdated Info for Lead - Any Other Recommendations
Yes, there are a lot of skip-tracing sites: Skip Genie, TLO, Locate Plus, Experian, idiCore, Skipease. But they are not all free, requiring payments monthly/weekly/yearly.
Should We Compare House Prices In Area To Know Property Value
No, one doesn't need to know the value at all. Just check whether there is an overage created after the sale.
How To Know If A State Is Judicial or Non-Judicial
Check the "50 States Guide" to have the most updated answer on each state.
Couldn't Find Any “Big Deals” In The Chosen County - What To Do Next
Find a different county OR just agree on a higher percentage (40%-50%) with the claimant.
What Are The Requirements To Attend An Auction
None if one is just attending to observe.
Can One Search For Claims List for Entire State At Once
The Recorder’s Offices (where the overage list is most often received from) are usually county specific. However there are a few states (like Georgia) that do have databases for the entire state!
How To Find Tax Sale Overage Lists Online
We have step-by-step video training on this. But to sum it up, search for a list online "excess proceeds lists" / "tax sale overage list" / "surplus funds list" in Google OR request a list from the county treasurer (tax collector) OR file a FOIA ...
What About Virtual Assistants
There training is included in the course on VAs: how to find them, hire them, train them, etc.
What Does Assessee & PC Commissioner Stand For
An assessee is anyone who has been assessed for their income (or income of another person for which they are assessable) or the profit and loss they have sustained. Basically any person who pays tax or any sum of money under the provisions of the ...
Auction.com Didn't Show Opening And Closing Bid
With auction.com, one must create a list before the auction happens, and there it will show the opening bid. After the auction is complete, pull a list to crosscheck what was sold to any third-parties and reach out to trustees (there's usually only ...
The List Doesn't Have "Previous Home Owner Name" - Parcel Number Search Doesn't Help - Advice?
Search for previous homeowners on the county recorder’s website and make sure to look up civil case numbers.
It Is Hard To Find People And Contact Them Regarding Surplus Funds - I Am Not A Private Investigator
A way to get around this issue is to submit everything through an attorney.
What About Unclaimed Funds On The State Level
Avoid these! It is a tedious business.
Are Tax Sale Overages In New York Good
New York is better for mortgage overages.
How Does One Find A Lawyer In Another State
One of our modules discusses how to find an attorney (with instructions) in detail.
Any Way Around Fee Limitations (Like Arizona That Limits It To $2500)
There are ways to go around this; just consult an attorney and check what’s possible in which state. Submit everything through an attorney when working in states where it’s either hard to contact people regarding surplus funds OR where there are fee ...
How To Prove A Legitimate Heir To The Court
Use the document called Affidavit of Heirship (which must be signed and notarized) where an heir is testifying he/she is the actual heir entitled to receive the overage funds,
Florida Says To Only Charge 12% - Is That For Tax Sale Overages or Mortgage Overages
This is related to mortgage overages only.
What Is The Max Fee One Can Legally Charge (I Can’t Find Anything In The State Statute)
If one cannot find anything in the statute(s), it is because there is no fee limit. But as always, consult an attorney on this.
Is It Easier To Deal With Law Offices (Non-judiciary) or The Court System (Judiciary) with Mortgage Overages
The court system is easier with mortgage overages.
After A Mortgage Foreclosure - How Long Are The Excess Funds Available
This depends on the state (see 50 States Guide in Member's Area). Usually excess funds are held with the trustee or court for 12 months and then they go to the state.
Are There More Legal Encumbrances In Mortgage or Tax Sale Overages
An encumbrance can apply to any real estate transaction, these include both mortgages and property tax liens.
If Homeowners In "XYZ State" Have 12 Months To Redeem - Does The Same Apply For "ZYX State"
It varies based on the state, which is why everyone needs to review the "50 States Guide" included in the Membership Area. They can vary, for example, Texas has two different grace periods. If the property is a primary residence (homestead) then the ...
A House Went Into Foreclosure In 20XX - Can The Funds Be Recovered
Have an attorney check the case to see where the money is at for this point in time. It depends on the state the property is in, but if money is still sitting on a certain level (county, assessor, trustee, etc.) it should be claimable.
Is It Possible For The Previous Property Owner To Waive Their Right Of Redemption
Double-check the state's statutes to see if an owner can waive or assign their redemption rights.
When Is The Overage Created For Tax Lien And Tax Deed States
In tax lien and tax deed states which have a redemption period, the overage is created only after the redemption period expires.
Is California a Tax Lien or Tax Deed State
California is a tax deed state. One can do both tax sale overages and mortgage overages in California.
How Old Should The Tax Sales or Mortgage Sales Be
Age doesn’t matter. What matters is whether the property was redeemed or not. If it has not been redeemed, it may have an overage (and that is a potential client).
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