Whether you’ve ever attended a tax sale or not, if you’re looking into buying tax foreclosure properties, you need to learn to do it while avoiding the tax sale. With so many other new investors getting into the field right now, the tax sale is overrun with bidders – making it difficult, if not impossible, to buy properties that way.
Not only that, but you can’t inspect your prospective property beforehand. Are you willing to take the risk that there is major cosmetic or structural damage you can’t see from the outside? Not a good idea, especially when there’s a way you can buy properties, the same properties offered at tax sale, outside of the auction – and also be able to inspect them first.
The way to get these properties is wait until after the tax sale. Then, during the year-long redemption period most states have, that’s when you contact the owners directly. Those who can pay off the taxes have by that point, and those that can’t stand to lose everything if they don’t act and sell now. Looking for motivated sellers? These are the cream of the crop, and there are a variety of great deals you can work out with these owners, from buying their deed outright for a pittance, to flipping the property for them for a (large) percentage of the proceeds. If you want to buy properties for super cheap, this is the only surefire way to do it.
Want to know a huge tax sale secret? When more is bid for a property than is owed in back taxes, that overage amount is frequently due back to the owner (this is also the case most of the time for mortgage foreclosures). But for some reason, most owners are ignorant of this fact, and assume they’ve lost everything – and they move on and leave the money behind. Eventually, it escheats to the government, and the owner can never get it again.
Due to a little-known loophole, these particular funds aren’t subject to state law finder’s fee caps. This means that you can act as a middleman, legally charging these owners 40% or more as a fee for your information and assistance in recovering their funds. These overage funds routinely run into the tens of thousands of dollars… you can imagine the opportunity that exists in this field with the rate of foreclosures in the current economy.
So where to find records of these funds, and how to find their owners? Read the *free* Hooked On Overages “Insider’s Guide.” Visit http://Tax-Sale-Overages.com now.
Or, learn insider deedgrabbing strategies from this *free* report. Visit http://DeedGrabber.net now.
Distributed by http://www.ContentCrooner.com
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