Looking for a business that you can work from home that will net you $ 100,000 / year or more? Learning how to collect excess funds from unclaimed tax sales may be for you. You've probably never heard of a tax sale overrun – and that's why there are so many that aren't claimed by its rightful owners.
Tax sale excess funds are created when a property is seized by the government for unpaid property taxes. The property is auctioned off to the highest bidder, and often the bidder pays more for the property than was due in taxes. The result? Tax Sale Surplus Fund.
Usually these funds are owed to the defaulting owner, but often times the owners don't know – they just assume they lost the property and that's it. They never come for the funds, and after a while the government seizes them without recourse to the owner – they lose them forever.
This is why if you can learn how to collect excess tax sale funds on behalf of their owners, you plan to start a $ 100,000 business, which can be operated entirely from home. And it's a nice job to boot.
Unlike people working for research fees out of public funds, hardly anyone is familiar with these real estate funds. Those who do don't realize that it's legal to collect up to 50% of the funds as a contingency fee ("we only get paid if you get paid", such as lawyers), unlike public funds which are capped at 5 ten%.
And as you can imagine, in a recession there are only tons and tons of unclaimed tax sale surplus funds – and more are created with every foreclosure sale. These are huge sums. In fact, it's not uncommon for excess funds to exceed $ 100,000. Do the math on this – 50% times $ 100,000 equals a $ 50,000 contingency fee.
The process is straightforward: get records of tax sale overruns (you can get them by email, making it possible to work in any state you want), find owner contact details, call and bring them up. to accept your terms. (while keeping the source of the money a secret), and collect the funds. Close a few claims per month, and you'll be on your way to running a successful and lucrative home business that actually helps people in the process.