Work at Home Business
51Work at Home Business
Work at Home Business through Unclaimed Money. Foreclosure Auctions create Excess Proceeds - which you can get for yourself!
This unclaimed money orginates from foreclosures.
This Free Unclaimed Money originates from a bank foreclosure or tax lien sale, a foreclosure from:foreclosure as a result of a home owner's association, etc.
The troublesome part that happens for the person foreclosing is that the property can bring more than the amount that needs to be paid off.
For instance, assume a mortgage company forecloses on Tom Harris. He is in debt for two hundred thousand dollars to the mortgage co and his property sells as a result of a foreclosure for $250 grand. So where does the money get sent to?
The bank - or usually the trustee for the bank - pays out all debt owed on the home, with the tax folks - meaning any unpaid property taxes, getting paid before others in line. After that the mortgage company ends up with the remainder. But, the mortgage co can't keep any overage. Let's say there were $5,000 in attorney costs due to the foreclosure, {and|&) there were unpaid taxes demanding paying to the tune of five thousand dollars.
What we have is:
$250,000 sales price
-Five thousand $ paid to the county for unpaid taxes.
-$5K paid to the lawyers in charge of the foreclosure sale.
-$200K paid out to the mortgage company.
We're left with $40K.
Where's that $ go?
Good question:, of course, that money is due to the owner at time of foreclosure. Here's the problem - the county does not have the hours in a day, resources, nor staff needed to find the rightful owner. And, the mortgage company only focus is to prove they don't keep any overage. As a result the surplus ends up in an earnest money to find the files thatwhich possess unclaimed money in them. However, after you find one such file, you'll locate much more employing a easy system.
Assume you locate the records, and see big amounts of funds for the exowner. Can you pull out that cash?
Not unless you have a system.
Right now, many sate gov's do not let you get more than a small %age of the $ when you identify it, specially if you attempt to negotiate a deal in conjuction with the person owed for identifiying the surplus. They usually call these individuals as 'finders', and cap their split to under fifteen %, and some States also require a p.i.'s license to be allowed.
Now is the crazy opportunity gone at this point?
NOPE!. BUT you can get those monies in your name, regardless:nevermind who should get it implementing a system called the 'Gold Mine' - get it at http://www.surplusfundsriches.com
There are 2 more important items at this point...
1. It does not matter for how long the surplus has been stored in the escrow money account. There is money going back 40 years plus years - so it doesnt matter if real estate prices have recently gone down- get surplus from records that came about when the home market was at an uptick.
2. The System also works for tax lien sales.
tax auctions are simply foreclosures that happen due tocounty going after:attempting to collect taxes due on a home and are foreclosing to take that money. The main differences in tax auctions are:
1. There is a chance for a bigger cash amount. HMMMMMMMM. Unpaid taxes of $20K on a property that has no mortgage and sells at $300,000. Yeehaw!
2. There can be a 'redemption period' of a coupla yrs where you are required to sell the property back to the rightful owneryour buy price plus improvements. You could rent the house, put a little bit of repair $ into it, and make that money back, betting the owner doesnt return in the midst of the redemption period. That works because you will recoup what you invested, if the exowner does come back, and keep the rent money.
However, the Gold Mine Ebook teaches you a much better way to make money on sales from a tax foreclosure. You will literally, using the system, let the home to be foreclosed on at a tax auction, and afterwards get the excess funds:overage owed to the ex-owner yourself! No Joke! We believe in this program because we designed it.
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