Are you letting fear hold you back from investing in real estate? Don't. Get educated, and take the leap. What you really need to comprehend fully is how unclaimed tax sale overages really work, and - important - when to strike. It all starts with tax sale property... but only bought after the tax sale.
If you're thinking it would be easier to just attend tax sale, consider this. Competition ensures you won't get any bargains. And even though you have to pay the entire amount up front if you DO win, you still can't see the property for close to a year. As if that weren't enough, if you do get a deed, the owner will probably redeem it before the end of the redemption period anyway.
You're still going to be able to cash in on unclaimed tax sale overages - just a different way. The best time to buy property is after the tax sale, at the end of the redemption period - directly from the owners themselves. Believe it or not, most of the remaining owners are those that don't want the hassle of the property anymore, and are just letting it go for taxes.
These are the owners you want to focus on. Amongst these owners you'll find heirs, landlords, and owners of investment properties. All have one thing in common - they don't want the property anymore. Simply ask them if they'd mind signing over the deed. The paperwork necessary could take an hour to fill out - offer them $200 for their time. Once you've got the deed, just redeem the property, or sell before the end of the redemption period.
Admit it... this is the best way of getting tax sale property you've heard of to date. Strike while the iron is hot - the foreclosure rate has produced a huge number of foreclosures for you to go after.
Here's another unclaimed tax sale overages secret... the owner of the foreclosed property is almost always entitled to any amount paid over what they owed in back taxes. Too often, the delinquent owners don't know they can get the money. Typically, they no longer live at the property - so they miss the government notices to come and get the funds. And guess what? In most cases if they don't get the money in time, they lose it forever.
However, these funds are not held by the state, and that means that state money finder laws don't apply to them in most places. So you can find these owners and charge up to a 50% finder's fee for your information and collection service. Since unclaimed tax sale overages are often $10,000 plus, that can mean some really nice checks for you.
The current foreclosure rate won't last forever - take advantage of it now.
Learn the "magic words" to say to owners to get deeds for $200 or less. For a limited time, get a free e-book at http://DeedGrabber.Org.
Want real-estate-sized paydays without owning property? You need to read about tax sale overages right now, before you do anything else.
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