This one’s a no-brainer: owners in foreclosure. This can mean tax foreclosure or mortgage foreclosure. Either way, these owners are about to lose their properties, and as the foreclosure date draws near, will become more and more desperate to sell or get bailed out. Within this little subset of motivated sellers is one teeny, tiny little niche of sellers that will make you the most money – so much money that you should quit whatever you’re doing and focus solely on them.
Who are we talking about?
Tax delinquent owners of properties that are approaching the end of the redemption period – after tax sale. That’s right – if you’ve never considered going after property directly from the owners after the tax sale has already occurred, you’re missing out on the most motivated sellers in real estate. Why?
Well, unlike owners in mortgage foreclosure, owners of property that make it all the way to and through the tax sale process usually own property that is free and clear. This is because if they had a mortgage on the property, the mortgage company would have paid the taxes off so they could foreclose at sheriff’s sale. It’s a fairly safe bet that if a property is sold at tax sale, it has no mortgage and no other liens worth mentioning.
When the redemption date passes, in about half the states in the U.S., any and all equity is lost to the government – permanently. These owners know this, and if you approach them at the right time, with the right approach, you’re going to find they’re willing to sell to you for cheaper than you could possibly be imagining. As little as hundreds of dollars to buy deeds, in many cases. If you’re looking for motivated sellers, you’re going to find them in this niche.
In the other half of the states in the U.S., these owners will lose their property permanently when the redemption period passes, but if they had bids for their property higher than the amount of taxes owed, that money is due back to them. Guess how often they realize it? Much of the time, that money sits waiting to be collected in the government coffers until the state-mandated grace period us up (usually about 2 years). After that, the government gets to keep the money. No recourse.
Since this money isn’t subject to finder’s fee limits, you can legally contract with those owners to collect their funds on their behalf – and keep a 30-50% finder’s fee for your efforts. Since these funds regularly run into the tens of thousands of dollars, you can imagine how one could make a very nice living just off of collecting overages. Add in late-term deedbuying (also known as “deedgrabbing”), and you’ve got yourself a pretty lucrative career.
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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