| If you've been looking into investing in government | | | | As a "found money pro", or someone who researches |
| foreclosures, you're on the right track. As far as | | | | these overages, you can easily make a six-figure |
| investing in property goes, you can't beat the profit | | | | income notifying people of the money they are |
| potential inherent in tax foreclosure properties. If you | | | | unaware of. How? Two simple words: finder's fees. |
| bypass the tax sale auction and purchase directly | | | | Huge insider loophole: while in most states, state |
| from the owners themselves, you stand to find some | | | | unclaimed funds have a cap to the percentage you |
| pretty good deals. However, even if you hate owning | | | | can charge for a finder's fees, most of these real |
| property, you can still get real estate sized paydays | | | | estate created funds do not. This means that you can |
| from government foreclosures a different way. | | | | charge 30-50% (industry standard) for your assistance |
| How? By focusing on the overages created at tax | | | | in recovering these funds. Is this ethical? Yes. Without |
| sale. | | | | you, 99% of the time, these owners will never find out |
| When more is bid for government foreclosures than is | | | | about this money, and will lose it permanently. Most |
| owed in back taxes, the government keeps that | | | | owners are more than happy to pay your fee and |
| excess money for the owner to collect (this is true in | | | | receive 50-70% than to receive 100% of nothing. |
| most cases for both mortgage foreclosure sale, and | | | | Especially in the current economy, more government |
| tax foreclosure sale). If the owner never comes to get | | | | foreclosures are happening than ever before. These |
| the money, after a few years the government gets to | | | | overages regularly run into the tens of thousands of |
| keep it. Unfortunately, since many owners have | | | | dollars. So for example, when you locate a $40,000 |
| moved on from their last known address, they aren't | | | | overage and get the owner under contract to allow |
| notified of the funds, and lose the money - | | | | you to assist for a 40% fee, when all is said and done, |
| permanently, with no recourse. That's where you | | | | you'll walk away with a $16,000 paycheck. Not bad for |
| come in. | | | | a few days' work, is it? |