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Updated over 4 years ago on . Most recent reply

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Marie Broach
1
Votes |
8
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Tax Overage Sales Question

Marie Broach
Posted

Hello does any one know of a Real Estate Attorney in GA that works with tax sales overage businesses. Most folks are depositing claimant checks in their bank accounts using a POA, I spoke to one Assistant Manager here in Cali and she stated that they would not accept a check that was not endorse to me. I called another bank and they spoke to their Legal Department and I got the same response. Apparently, only attorneys are permitted by the banks to open up a Trust account with their clients. What a potential nightmare, had I sent out the forms to my claimant endorse them only to find out the banks refuse to accept. I would have had to tell my claimant and would have looked like a scammer, At this point I would much rather have an Attorney in the event, if issues were to arise.

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16,978
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Ned Carey
  • Investor
  • Baltimore, MD
13,317
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16,978
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

@Marie Broach You are learning why the tax sale overage business is not easy. Gurus imply it is a easy great business. It is really a tough business

  • Ned Carey
  • Loading replies...