How to Collect Unclaimed Tax Sale Overage Funds – A $100,000 Home Business
Looking for a business you can work from home that’ll make you $100,000/year or more? Learning to collect unclaimed tax sale overage funds may be for you. You’ve probably never heard of tax sale overage – and that’s why there is so much of it sitting around unclaimed by its rightful owners.
Tax sale overage funds are created when a property is foreclosed on by the government for unpaid property taxes. The property is sold at auction to the highest bidder, and often the bidder pays more for the property than what was owed in taxes. The result? Tax sale overage funds.
Usually, these funds are owed back to the tax delinquent owner, but frequently the owners don’t know this – they just assume they lost the property and that’s that. They never come in to get the funds, and after a while the government seizes them with no recourse for the owner – he just loses the funds forever.
This is why if you can learn to collect tax sale overage funds on behalf of their owners, you’re looking at creating a $100,000 business, which can be worked entirely from home. And it’s a feel-good job to boot.
Unlike people working for finder’s fees on state funds, almost no one knows about these real estate funds. Those that do, don’t realize that it’s legal to collect up to 50% of the funds as a contingency fee (“we get paid only if you get paid”, like lawyers), unlike state funds which are capped out at 5-10%.
And as you can imagine, in a recession there are just tons and tons of unclaimed tax sale overage funds – and more being created at every foreclosure sale. These are huge amounts of money. In fact, it’s not uncommon to find overage funds exceeded $100,000. Do the math on that- 50% times $100,000 equals a contingency fee of $50,000.
The process is simple: get records of overages from the tax sale (you can get these by email, making it possible to work in any state you choose), research the contact information of the owners, call and get them to agree to your terms (while keeping the source of the money secret), and collect the funds. Close a few claims a month, and you’ll be on your way to running a successful, lucrative home business that actually helps people in the process.