Tax Sale Overages Courses

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Tax Sale Overages Courses

Mark Mayton
Member since 2021 · 5 posts · 0 votes

Hey Everyone!

I'm looking into tax sale overages and found a few courses by Bob Diamond, Nick Fullmer, and Shawn Buige. Does anyone here have any experience with one of these... Any feedback is very much appreciated. 

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
5y
Originally posted by @Arnie Abramson:

Not in Texas.  You must be a lawyer and the most you can charge then is 25%, not to be more than $1,000.

YUP OLD OLD information being regurgitated for the new investor who does not realize that so many counties frown on this while technically possible to do in some areas..  the only ones that make this work are LAWYERS and PRIVATE Detective type companies .. the only ONE"S making money on this are these guys just dusting off OLD material joining the modern SM craze to suck in newbies that think they found some new system  LOL..  you can try it.. But I suspect you will find what most do that its darn tough to next to impossible to pull off.

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  • Arnie Abramson
    Texas Tax Sales Services · Merit, TX · Member since 2014 · 256 posts · 166 votes
    5y

    Not in Texas.  You must be a lawyer and the most you can charge then is 25%, not to be more than $1,000.

    2Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    5y
    Originally posted by @Arnie Abramson:

    Not in Texas.  You must be a lawyer and the most you can charge then is 25%, not to be more than $1,000.

    YUP OLD OLD information being regurgitated for the new investor who does not realize that so many counties frown on this while technically possible to do in some areas..  the only ones that make this work are LAWYERS and PRIVATE Detective type companies .. the only ONE"S making money on this are these guys just dusting off OLD material joining the modern SM craze to suck in newbies that think they found some new system  LOL..  you can try it.. But I suspect you will find what most do that its darn tough to next to impossible to pull off.

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  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    5y

    @Mark Mayton I am not specifically familiar with these courses. I can tell you that this is a very technical area and laws will vary tremendously from area to area. My guess is that none of these courses will give you the specifics you need for your area.

    This is a tough business but if you want to try I recommend either simply contacting the local tax sale office and ask them what the process is. Or talk to an attorney familiar with tax sale in the location you want to do this. This is a very old strategy and can also be done for surpluses on mortgage foreclosures. 

    1Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    5y
    Originally posted by @Ned Carey:

    @Mark Mayton I am not specifically familiar with these courses. I can tell you that this is a very technical area and laws will vary tremendously from area to area. My guess is that none of these courses will give you the specifics you need for your area.

    This is a tough business but if you want to try I recommend either simply contacting the local tax sale office and ask them what the process is. Or talk to an attorney familiar with tax sale in the location you want to do this. This is a very old strategy and can also be done for surpluses on mortgage foreclosures. 

    out here on the left coast mortgage foreclosure/ Trustee sale/ overages are sent to the old owner or next in line .. if they come back undeliverable  ( exceedingly rare in this area) then the funds are interpleaded. And in Oregon they end up escheating to the state as surplus then you have 9 years to claim them..  

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    5y
    Originally posted by @Ned Carey:

    @Mark Mayton I am not specifically familiar with these courses. I can tell you that this is a very technical area and laws will vary tremendously from area to area. My guess is that none of these courses will give you the specifics you need for your area.

    This is a tough business but if you want to try I recommend either simply contacting the local tax sale office and ask them what the process is. Or talk to an attorney familiar with tax sale in the location you want to do this. This is a very old strategy and can also be done for surpluses on mortgage foreclosures. 

    However as a huge coincident I got a text yesterday from one of my Real estate partners of the early 80s who lives in the county my family was very active in . and he said HEY you have overages on one of your moms lots  LOL.. so going to contact the county today and see how this works as she has since passed ..  not sure how much it is but might be up to 10k.  

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  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    5y

    @Jay Hinrichs I have never done mortgage surplus. It is basically illegal in MD. But my understanding is the money doesn't get sent to anyone. Someone has to make a claim on it. 

    1Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    5y
    Originally posted by @Ned Carey:

    @Jay Hinrichs I have never done mortgage surplus. It is basically illegal in MD. But my understanding is the money doesn't get sent to anyone. Someone has to make a claim on it. 

    I think it goes back to your original statement  each state and then each county can have different rules for how they handle these funds.

    I know Oregon likes to gobble them..  take a guess where excess funds go in Oregon. U know like banks that have long lost accounts.. escrow money that is refunded and cant find the borrower ( this happened to me personally LOL)  those funds go to the transportation department at the state.. so who could figure that out with out a little digging.

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  • Mark Mayton
    OP
    Member since 2021 · 5 posts · 0 votes
    5y

    Thank you so much for your responses. 

    I'm on the board in one of the local nonprofits and was looking into different ways how to add some extra funding to our affordable housing fund. I also think charging a 40% founders fee is a bit ridiculus. We have volunteers and pro bono attorneys available so I think it could work. Just brainstorming ideas... 

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    5y
    Originally posted by @Mark Mayton:

    Thank you so much for your responses. 

    I'm on the board in one of the local nonprofits and was looking into different ways how to add some extra funding to our affordable housing fund. I also think charging a 40% founders fee is a bit ridiculus. We have volunteers and pro bono attorneys available so I think it could work. Just brainstorming ideas...

    Non starter for your venture..  In the spirit of non profit you would be helping people collect this overage and NOT charging them.

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  • Mark Mayton
    OP
    Member since 2021 · 5 posts · 0 votes
    5y

    We currently assist homeowners with foreclosures so this would be only something additional. If anyone can refer a person who actually did the course, that would be helpful...

    0Reply
  • Christi S.
    Ooltewah, TN · Member since 2016 · 19 posts · 4 votes
    3y

    I know you wrote this a year ago and I haven't been on here in a long time so just now seeing this.  If your still interested in Bobs course.  I payed the $1,800 for it a few years ago and started it but life got me distracted and I didn't finish trying hard enough.  I was thinking about trying to get back to it on the side of my other job but it would be nice to find a partner to help with it.  If you or anyone here can put close to $500 down and give me a certain percentage on a couple of deals you do I could give you access to the whole program.  Thanks, Christi

    0Reply
    • Cassandra Hammond
      Member since 2026 · 2 posts · 0 votes
      8mo
      Quote from @Christi S.:

      I know you wrote this a year ago and I haven't been on here in a long time so just now seeing this.  If your still interested in Bobs course.  I payed the $1,800 for it a few years ago and started it but life got me distracted and I didn't finish trying hard enough.  I was thinking about trying to get back to it on the side of my other job but it would be nice to find a partner to help with it.  If you or anyone here can put close to $500 down and give me a certain percentage on a couple of deals you do I could give you access to the whole program.  Thanks, Christi


      0Reply
    • Cassandra Hammond
      Member since 2026 · 2 posts · 0 votes
      8mo
      Do you still have this?


      Quote from @Cassandra Hammond:
      Quote from @Christi S.:

      I know you wrote this a year ago and I haven't been on here in a long time so just now seeing this.  If your still interested in Bobs course.  I payed the $1,800 for it a few years ago and started it but life got me distracted and I didn't finish trying hard enough.  I was thinking about trying to get back to it on the side of my other job but it would be nice to find a partner to help with it.  If you or anyone here can put close to $500 down and give me a certain percentage on a couple of deals you do I could give you access to the whole program.  Thanks, Christi



      0Reply
  • Ahmaad Coney
    Investor · Los Angeles, CA · Member since 2015 · 3 posts · 0 votes
    3y

    @Christi S.

    I am interested in speaking with you 

    0Reply
  • Michael Bishay
    Member since 2020 · 41 posts · 13 votes
    3y
    Quote from @Christi S.:

    I know you wrote this a year ago and I haven't been on here in a long time so just now seeing this.  If your still interested in Bobs course.  I payed the $1,800 for it a few years ago and started it but life got me distracted and I didn't finish trying hard enough.  I was thinking about trying to get back to it on the side of my other job but it would be nice to find a partner to help with it.  If you or anyone here can put close to $500 down and give me a certain percentage on a couple of deals you do I could give you access to the whole program.  Thanks, Christi


     Hey .. I would be open to talking about the course and a percentage. 

    0Reply
  • Christi S.
    Ooltewah, TN · Member since 2016 · 19 posts · 4 votes
    3y

    Michael so sorry I missed your message. I haven't been on this site as much lately and in my email I get so much junk mail that sometimes I miss things. Please let me know if you still have a interest in this program.  Thanks, Christi

    0Reply
  • Jerry Shaw
    Member since 2023 · 1 post · 0 votes
    3y

    Hi Christi, I'm interested in this idea if you're still open to it.

    0Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3y

    Just curious

    Has anyone thought that these courses have been around for years and if all these people are taking it and doing the same thing - what is there that’s left for people now taking it?

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  • Victoria Elliott
    Member since 2020 · 2 posts · 0 votes
    3y
    Quote from @Christi S.:

    I know you wrote this a year ago and I haven't been on here in a long time so just now seeing this.  If your still interested in Bobs course.  I payed the $1,800 for it a few years ago and started it but life got me distracted and I didn't finish trying hard enough.  I was thinking about trying to get back to it on the side of my other job but it would be nice to find a partner to help with it.  If you or anyone here can put close to $500 down and give me a certain percentage on a couple of deals you do I could give you access to the whole program.  Thanks, Christi


     I am not sure how to reply but I am interest if you still are! 

    0Reply
  • Victoria Elliott
    Member since 2020 · 2 posts · 0 votes
    3y
    Quote from @Mark Mayton:

    Hey Everyone!

    I'm looking into tax sale overages and found a few courses by Bob Diamond, Nick Fullmer, and Shawn Buige. Does anyone here have any experience with one of these... Any feedback is very much appreciated. 


     Did you ever end up doing one? Which was worth it if so?

    0Reply
  • Christi S.
    Ooltewah, TN · Member since 2016 · 19 posts · 4 votes
    3y
    Quote from @Chris Seveney:

    Just curious

    According to Bob, this is a good time with the world situation and they continue to have plenty of them. Please let me know if your interested and I can send you more details. Thanks, Christi

    Has anyone thought that these courses have been around for years and if all these people are taking it and doing the same thing - what is there that’s left for people now taking it?


    0Reply
  • Sean McDaniel
    Member since 2023 · 1 post · 0 votes
    2y
    Quote from @Christi S.:

    I know you wrote this a year ago and I haven't been on here in a long time so just now seeing this.  If your still interested in Bobs course.  I payed the $1,800 for it a few years ago and started it but life got me distracted and I didn't finish trying hard enough.  I was thinking about trying to get back to it on the side of my other job but it would be nice to find a partner to help with it.  If you or anyone here can put close to $500 down and give me a certain percentage on a couple of deals you do I could give you access to the whole program.  Thanks, Christi


     Hey I know this is an old post of yours but I was wondering if you still have access to Bobs course and if you were still good on your offer? I'm very interested in get started in a Tax Real Estate Overages! I believe I have the time and what it tak s to do this and do it right 👍

    0Reply
  • Christi S.
    Ooltewah, TN · Member since 2016 · 19 posts · 4 votes
    2y

    Hi, sorry just now seeing this,I don't get on here as often as I'd like, I'll send you a note in your box. Thanks, Christi

    0Reply
  • Paul Reif
    Member since 2022 · 2 posts · 0 votes
    2y

    Christi,

    I would be interested in discussing a partnership with you as well as you stated earlier about access to training and a split

    0Reply
  • Paul Reif
    Member since 2022 · 2 posts · 0 votes
    2y
    Quote from @Christi S.:

    Hi, sorry just now seeing this,I don't get on here as often as I'd like, I'll send you a note in your box. Thanks, Christi


    0Reply
  • Christi S.
    Ooltewah, TN · Member since 2016 · 19 posts · 4 votes
    2y
    Quote from @Paul Reif:

    Christi,

    I would be interested in discussing a partnership with you as well as you stated earlier about access to training and a split


    0Reply
  • Skylar Quinn
    Member since 2024 · 1 post · 0 votes
    2y

    All of these have free videos on YouTube!

    0Reply
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