If you’re a realtor, or someone interested in property but looking for other real estate jobs that pay more, tax sale overages are right up your alley. Anyone can work collecting them and make a good living, but if you’re already used to working with property, all the better.
Tax sale overages happen when more is bid for a property at tax sale than is owed in taxes. The owners are due the money, but often they are long gone and don’t even know the tax sale occurred. Notices are often sent to their tax sale address, which they no longer live at. So those tax sale overages sit uncollected until they escheat to the government.
If you’re looking for other real estate jobs, this one’s the best. Find the records of the overages and find their owners and connect the two. It’s a real feel-good job, and best of all, you can legally charge 30-50% (whatever you’re comfortable with) as a contingency fee – meaning you help the owners collect the money, and you don’t get paid unless they get paid.
Unlike state-held funds, these funds aren’t advertised online (like on the sites where you can type in your name and see if your state is holding any unclaimed money for you, from an old bank account or something). So there are almost no money finders working them. Good for you, if you want a great job; very bad for the owners losing all their money. And with the current foreclosure rate, there are a lot of tax sale overages being created.
50% of an average-sized overage of $5,000 is as much as many people make in a month. Depending on how much you wanted to work, you could feasibly be putting together several claims a week – so you do the math. If you’re looking for other real estate jobs besides real estate agent, this one has a very high income potential – and the whole job can be done from your home office.
These owners need money finders to help them out. Locate funds and owners and connect the two, and you’ll double (or more) your income this year.