Notes and tax sale overages

[Chris Seveney]

Good evening all, here is a question I wanted to throw out there. I was reviewing a tape (I am a note investor) which had a lot of properties which were sold at tax sale on them (I.e. Worthless) - but I noticed on one property there appeared to be a tax sale overage (which would go to the bank). I called the county and they confirmed there was an overage. My question is, can an investor buy the note - get it assigned and claim the overage? My gut tells me no as the overage is due to the entity who held the note at time of foreclosure but I can also see an entity being able to sell their rights.