The property is well positioned for access to the A3 that runs between London and Portsmouth, while the village offers a good range of lo... £ 399, 995 21 Map.. * Fry & Kent has pleasure in mar...
By law, this amount should be awarded to the prior most recent owner of the property. The previous owner of the property is usually notified by the state officials regarding these foreclosure refunds after the sale is completed. However, if the person has moved due to the foreclosure or relocated to a different state, they often don't know that there are surplus funds available. This is why working with the professionals at EJ Hawk Properties is beneficial! Our team works to locate if there is an unpaid balance in the form of a foreclosure refund or surplus funds waiting to be claimed and takes all the steps to recover it for our client. Although the amount money after a foreclosure varies, it is can be a big help for those people who are needing to pay to relocate after moving. Filing for overage refunds and surplus funds can be complex, especially when there are others involved that also have claims to the property such as attorney fees and liens placed on the home. Let us do the work for you and answer any questions you have we.
Because there's a pretty good chance that Joe never knew he had a right to the money. Most counties are required to send notification to the address of record, but the wording may be vague, and often, Joe (original owner/ taxpayer) has moved, or been evicted, and never receives, or understands it. What does a list look like? All lists are different, there is no standardization. Some lists are back office working documents, while others are formatted nicely for public viewing. Before we include any list in our database, we ensure that it has the following minimum requirements to be considered a "verified" list…. Property description (parcel number, case number, name, or address) Minimum bid Sale price At least one property with excess proceeds of at least $5, 000. 00 List Examples… How do you get the lists? We get our data by submitting FOIA requests one at a time. How often can I get lists? We receive lists on a daily basis and make them available to our subscribers weekly, on Fridays.
Consequently, the property will be up for auction, and the bidding will start at the amount you owe the government. Of course, the bidders know the property is worth much more than the starting bidding price. Therefore there will be a tug of war on the price as each wants to end up with the property. If the highest bidder has claimed the property for a much higher price than the amount owed to the government at the drop of the hammer, the surplus is referred to as the tax sale overage. The government is only interested in what you owe, and the rest will be up to you to claim it. Understanding this is better using an example. Therefore, let's take, for instance, you bought a house for $200, 000, and after two years, you were unable to pay the property taxes, which accumulated to $30, 000. Once the property goes to auction, and the highest bid is $70, 000, the government will take their $30, 000, and the $40, 000 is the tax sale overage. What Happens to the Tax Sale Overage? According to The Motley Fool, once the sale is complete and there is a tax sale overage, the amount is credited in an overage account.
We then post the individual county lists to our existing database, where they can be searched, sorted, and filtered by subscribers. (link this to the subscription page) Can I keep my lists? Yes, you download the lists to your own computer for your own use. What is the real value of these excess proceeds lists? The National Association of County collectors, Treasurers, and Finance officers estimates the total amount of excess proceeds to be in the billions. You are usually allowed to collect a fee for reuniting these funds with their rightful owner. Each state has published limits, and some are very generous. Additionally, most lists indicate which properties did not sell, which is also beneficial. What do you get with a subscription? Subscribers get a constant weekly flow of current and updated tax sale result lists, and excess proceeds lists. You receive a minimum of 50 lists per month (usually more), and receive them weekly on Fridays. Additionally, subscribers have access to 5 additional files each month from our historical database.