Excess Proceeds from tax liens

Tax Liens & Mortgage Notes
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Excess Proceeds from tax liens

S. Diane Ridgway
Real Estate Investor · Atlanta & Augusta, GA · Member since 2009 · 17 posts · 0 votes

I am looking for someone to help me get started with tax lien excess proceeds. I need to be able to ask questions and I'm willing to pay a percentage of the commissions for your efforts. I have searched the internet for information but so far have only been able to find tax lien programs for sale, and I'm not sure if they cover excess proceeds. Please contact me as soon as possible, as I am very interested in getting started.
Thanks !!
S. Diane Ridgway :D

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Don KonipolBusiness Member
Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
15y

The amount of money any kind of forced auction, especially a tax sale brings in is very little compared to market value. If you could purchase a property far under market value the worst scenario would be to let it go to tax auction. If the aucton brought in no overage, you would lose your entire investment. A better strategy would be to sell it in a non forced sale situation.

Investing in tax liens in the base case is an exotic type investment. Except for a few large players that scan the arena nationwide, it is a real time consuming experience, as most liens are quite small and due diligence takes alot of time. I can investment my money in private (hard money) loans, get a greater return with much less effort.

Private Mortgage Financing Partners, LLC
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  • Dale Osborn
    Mobile Home Investor · Spanaway, WA · Member since 2008 · 1k+ posts · 578 votes
    15y

    Perhaps you could explain the program you are looking for. Any tax lien excess proceeds should be returned to the individual property owner by the county doing the sale. If this is done - what exactly are you looking at doing??

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  • S. Diane Ridgway
    OP
    Real Estate Investor · Atlanta & Augusta, GA · Member since 2009 · 17 posts · 0 votes
    15y

    There are several tax lien investors on the internet that teach tax lien investing and they have said that the owner of record will get the overage, but I have not been able to find a program that states that this is included in the program. I'm assuming that you would purchase the property before the tax sale, But I don't know how to get the list or what forms or proceedures to do . Can you tell me the proceedures or recommend a book or program ?
    Thanks
    Diane Ridgway

    0Reply
  • Don KonipolBusiness Member
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    15y

    The amount of money any kind of forced auction, especially a tax sale brings in is very little compared to market value. If you could purchase a property far under market value the worst scenario would be to let it go to tax auction. If the aucton brought in no overage, you would lose your entire investment. A better strategy would be to sell it in a non forced sale situation.

    Investing in tax liens in the base case is an exotic type investment. Except for a few large players that scan the arena nationwide, it is a real time consuming experience, as most liens are quite small and due diligence takes alot of time. I can investment my money in private (hard money) loans, get a greater return with much less effort.

    Private Mortgage Financing Partners, LLC
    WebsiteView Page
    2Reply
  • S. Diane Ridgway
    OP
    Real Estate Investor · Atlanta & Augusta, GA · Member since 2009 · 17 posts · 0 votes
    15y

    Thanks for the information
    Diane Ridgway

    0Reply
  • Adrian Williams
    Residential Real Estate Broker · Atlanta, GA · Member since 2010 · 122 posts · 32 votes
    15y

    There are a few conference calls that many investors give on all the information you want to know about tax liens at the end usually you can ask questions. I'm tuning into one tonight best of all its free and at the end you can ask questions !

    Goodluck :)

    0Reply
  • S. Diane Ridgway
    OP
    Real Estate Investor · Atlanta & Augusta, GA · Member since 2009 · 17 posts · 0 votes
    15y

    Thanks Adrian

    Diane Ridgway

    0Reply
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