Large Profits from County Tax Deed Overages

You would surely notice when attending tax deed sales that there are lots of properties whose bids are way up over the opening bidding amount, which are normally amounting to the taxes plus penalties owed. The extra money from the auction is called tax deed overages. Only a few wise investors are going after these in order to get finder’s fees. With foreclosure rates nowadays at a very high percentage, it is one of the perfect home-based businesses that you can start.

County tax deed overages are basically reserved for the original homeowners to come in and claim them. It is quite unfortunate however, that since it takes a very long time for a property to be included in a tax sale, there are times wherein the delinquent homeowners does not even have a clue that their property went to tax sale. Worst case scenario is that some of them are not even living anymore.

These funds are held out of the state level and for that reason county tax deed overages are not subject to the same limits on the finder’s fees. Real estate overages normally total to hundreds or up to thousands of dollars. This means you can make money even in your worst transactions and that is amazing to hear.

You can do this for a living. Also, the good thing about collecting overages from a county tax deed auction is that you can do this from your very own home office. Isn’t that great? Even if you are far away, every aspect of the business can be done remotely.