"Tax-sale overages" + Agreement to share
2 Replies
Frederick Brown
posted about 2 months ago
what is a good agreement to share in the overages
Ned Carey
(Moderator) -
Investor from Baltimore, MD
replied about 2 months ago
@Frederick Brown We have an area called the Fileplace. There may be a sample document there.
Tax sale overages is a strategy that many look at as a predatory practice. I recommend you consult with an attorney to do this in your area. I deal with tax sale and write my own contracts all the time. I would not create a form like this myself. I would go to an attorney.
Don Konipol
Lender from The Woodlands, TX
replied about 1 month ago
Many states have limits on the amount you can charge for providing an “overage” service. Most common max is 10-15%