Surplus Money thumbnail

Surplus Money

Published Jan 26, 25
3 min read


It's rather personal. It's generally an attorney or a paralegal that you'll wind up speaking with. Each area of training course desires different info, however as a whole, if it's a deed, they want the task chain that you have. See to it it's videotaped. Sometimes they've requested allonges, it depends. One of the most current one, we really confiscated so they had actually titled the deed over to us, because case we sent the act over to the paralegal.

As an example, the one that we're needing to wait 90 days on, they're making certain that nobody else can be found in and declares on it - tax foreclosure lists. They would do further research study, but they just have that 90-day duration to ensure that there are no claims once it's liquidated. They process all the files and guarantee whatever's proper, then they'll send in the checks to us

Free Tax Lien List

Claiming Foreclosure On TaxesProperty Sold At Tax Sale


Another just thought that came to my head and it's happened when, every currently and after that there's a timeframe prior to it goes from the tax obligation department to the basic treasury of unclaimed funds (back taxes owed on homes). If it's outside a year or 2 years and it hasn't been claimed, it could be in the General Treasury Division

Tax Excess: If you need to redeem the taxes, take the property back. If it doesn't sell, you can pay redeemer taxes back in and get the building back in a clean title - oc surplus.

Once it's authorized, they'll state it's going to be two weeks because our bookkeeping department has to refine it. My preferred one was in Duvall Region.

Tax Delinquent Properties ListList Of Properties With Tax Liens


The areas constantly respond with saying, you do not require an attorney to fill this out. Anyone can load it out as long as you're a representative of the business or the owner of the building, you can load out the documentation out.

Florida seems to be quite contemporary as much as just checking them and sending them in. tax owned homes. Some desire faxes and that's the most awful because we need to run over to FedEx just to fax stuff in. That hasn't held true, that's just occurred on 2 regions that I can consider

We have one in Orlando, but it's not out of the 90-day duration. It's $32,820 with the surplus. It possibly cost like $40,000 in the tax obligation sale, but after they took their tax obligation money out of it, there has to do with $32,000 left to assert on it. Tax obligation Overages: A great deal of counties are not going to give you any kind of additional info unless you ask for it but once you ask for it, they're absolutely valuable then - surplus money.

Foreclosure Property Taxes Owed

They're not mosting likely to give you any type of extra info or aid you. Back to the Duvall area, that's how I entered into a truly good conversation with the legal assistant there. She in fact explained the entire process to me and told me what to request. Luckily, she was actually useful and strolled me with what the process looks like and what to ask for. tax bill after foreclosure.

Other than all the information's online since you can just Google it and go to the area internet site, like we make use of naturally. They have the tax acts and what they paid for it. If they paid $40,000 in the tax obligation sale, there's probably excess in it.

They're not mosting likely to let it obtain as well high, they're not going to let it obtain $40,000 in back tax obligations. If you see a $40,000 sale, there are possibly surplus claims in there. That would certainly be it. Tax obligation Overages: Every county does tax foreclosures or does foreclosures of some sort, especially when it involves residential or commercial property taxes.

Latest Posts

Tax Lien Investing 101

Published Mar 09, 25
7 min read

What Is Tax Lien Sale

Published Mar 08, 25
7 min read

What Does Tax Lien Investing Mean

Published Mar 08, 25
1 min read