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Updated over 5 years ago on . Most recent reply

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142
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Pauline Jones
  • Residential Real Estate Broker
  • New York City, NY
21
Votes |
142
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Overages after a tax sale foreclosure

Pauline Jones
  • Residential Real Estate Broker
  • New York City, NY
Posted

I was listening to a webinar about overages that are

unclaimed in tax sale foreclosures, nearly 95% according to the speaker,

Bob Diamond, there are 3,000 of these done every day, JP Morgan says $13,700,000

worth of unclaimed money.  He is selling this course for $1,495 which I  don't have

at the present, is anyone familiar with this process. (you find the money and

return it to the owners and take 30 or 40% finders fee)

Most Popular Reply

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22
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23
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Toris Diggs
  • Wholesaler
  • Baltimore, MD
23
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22
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Toris Diggs
  • Wholesaler
  • Baltimore, MD
Replied

Oh and the other thing with tax sale overages is that your competing against 2 or 3 other BIG companies.  Your hardly ever gonna be able to contact the owners on the 1st try so they have the money for marketing and the people to keep trying to reach these ppl.  And once they reach a owner they send the lawyers to them holding a check in their hand.  Saying yeah if you sign these papers giving us the right to collect this on your behalf well give you a partial payment for $$$$ RIGHT NOW.  Just sign the papers. 

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