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Excess Sales

Published Jan 18, 25
3 min read

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It's quite personal. It's generally an attorney or a legal assistant that you'll wind up speaking to. Each region obviously wants different info, however generally, if it's an act, they desire the project chain that you have. Make sure it's tape-recorded. Occasionally they've asked for allonges, it depends. The most recent one, we actually foreclosed so they had entitled the deed over to us, in that instance we submitted the action over to the legal assistant.

The one that we're having to wait 90 days on, they're making certain that no one else comes in and declares on it. They would do more study, but they simply have that 90-day duration to make certain that there are no insurance claims once it's closed out. They process all the documents and make sure everything's proper, then they'll send in the checks to us

Excess Sales

Surplus Funds ForeclosureTax Lien On Property For Sale


Another just believed that came to my head and it's taken place when, every now and then there's a duration before it goes from the tax division to the general treasury of unclaimed funds (government tax foreclosures list). If it's outside a year or more years and it hasn't been claimed, maybe in the General Treasury Department

If you have an action and it examines out, it still would coincide procedure. Tax Overages: If you need to redeem the taxes, take the residential property back. If it doesn't offer, you can pay redeemer tax obligations back in and obtain the building back in a clean title. Concerning a month after they accept it.

Once it's accepted, they'll say it's going to be 2 weeks since our bookkeeping department has to refine it. My favored one was in Duvall Region.

Tax Sale Excess ProceedsWho Pays Property Taxes On Foreclosures


The areas always respond with stating, you don't require an attorney to load this out. Any individual can load it out as long as you're a representative of the firm or the owner of the home, you can fill out the documents out.

Florida seems to be rather modern-day as for just checking them and sending them in. petition for release of excess proceeds texas. Some desire faxes which's the worst because we have to run over to FedEx just to fax things in. That hasn't held true, that's only happened on two areas that I can think about

It probably marketed for like $40,000 in the tax sale, however after they took their tax money out of it, there's around $32,000 left to declare on it. Tax Excess: A great deal of areas are not going to offer you any kind of added info unless you ask for it but as soon as you ask for it, they're absolutely helpful at that factor.

Free Tax Lien Properties

They're not going to offer you any additional details or assist you. Back to the Duvall area, that's exactly how I got into a really excellent discussion with the paralegal there.

Other than all the details's online due to the fact that you can just Google it and go to the area internet site, like we utilize naturally. They have the tax deeds and what they paid for it. If they paid $40,000 in the tax sale, there's probably surplus in it.

They're not going to let it get as well high, they're not going to allow it obtain $40,000 in back tax obligations. Tax obligation Excess: Every county does tax foreclosures or does repossessions of some type, particularly when it comes to building tax obligations. tax lien property search.

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