Archive for September 28th, 2009
Tax Auction Overages – How to Collect Them For 50% Finder Fees From Your Home Office
Whether you’re a tax sale investor or not, you probably haven’t heard of tax auction overages. They are being created every since time a tax auction occurs, and they now offer an even bigger opportunity to make money – 50% finder fees – than tax sale investing does. Here’s how to collect tax auction overages for 50% finder fees, right from your home office anywhere in the world.
1. Locate records of tax auction overages. You can do this by contacting the agencies that hold tax sale auctions. The information you’re looking for is a matter of public record, so the agency can’t legally refuse to give you the information.
2. Find the person who is due the tax auction overages. There are a lot of ways to go about doing this, both paid and unpaid. If you’re willing to spend money (and you should be), there are paid skip tracing sites on the internet that can help you locate the “claimant.” You can also use public free databases and social networking sites for free.
Sometimes you will need to locate someone that knows the claimant before you find the actual claimant. There’s a reason they don’t know about their money – it’s been hard for the agency holding the funds to find them!
3. Contact the owner. Let them know you have found money that belongs to them. Don’t tell them it’s from tax auction overages! Keep your sources secret.
4. Work with the owner on a contingency basis. By not charging them anything out of pocket, you make it easier for them to say “yes” to working with you – and in the end, like a lawyer winning a personal injury case, you are entitled to take a much bigger cut (contingent on the claim getting paid). 30-50%, to be exact. Unlike lawsuits, however, there isn’t nearly as much work involved.
This is, in a nutshell, how to collect tax auction overages for 50%. The best part is that you can work the entire business remotely, from your home office. Since you can find ways to do every aspect of the job without showing up in person, this means you can work this business even if you live in Australia or the UK (many people do). Because of the high number of foreclosures creating these overages, this is a golden time to learn this business and start making 50% finder fees.
By: Maggie Dawson
About the Author:
The current foreclosure rate won’t last forever – take advantage of it now.
For a limited time, read about how to collect overages FREE in the Hooked On Overages e-book. Lots of great information including how to get lists of overages and find their owners.
Attend a live overages webinar – Free! Sign up at http://OveragesWeb.com now!
