| Work at Home Business through Unclaimed Money. | | | | cash? |
| Foreclosure Sales create Surplus Funds - that you can | | | | Not without a special form. |
| claim yourself!! | | | | As of Now, many sate gov's don't allow you get over |
| This unclaimed money comes from tax lien or | | | | a small %age of the surplus when you identify it, |
| foreclosure sales. | | | | specially if you try to negotiate a transaction in |
| This State Unclaimed Money originates from a | | | | conjuction with the person owed for identifiying the |
| substitute trustee foreclosure or auction from a tax | | | | excess. They frequently name these folks as 'finders', |
| lien, a foreclosure from:foreclosure as a result of a | | | | and put a ceiling on there fee to ten to fifteen percent, |
| HOA foreclosure, etc. | | | | and some states also require a Private Investigator's |
| The issue that occurs for the foreclosing entity is that | | | | license to be allowed. |
| the home can get MORE than the amount that needs | | | | Okay is the pot of gold past hope at this point? |
| to be paid off. | | | | No Sir. However you can take those monies in your |
| Example given, assume a mortgage company | | | | name, regardless:nevermind who should get it by using |
| forecloses on Joe Smith. He is in debt for $200,000 to | | | | a system called the 'Gold Mine' - go get it at |
| the mortgage co and his property sells through | | | | There are two additional things to remember here... |
| foreclosure for $250,000. So where does the money | | | | First. It does not matter how long the overage has |
| end up? | | | | been in the earnest $ acct. There is surplus going back |
| The mortgage co - or usually the trustee for the bank | | | | 20, 30, 40 years - so it does not make any difference |
| - pays out the debt owed on the real estate, with the | | | | if real estate prices have lately dropped- take surplus |
| tax man - meaning any unpaid property taxes, getting | | | | out of records which came about when the real |
| paid before others in line. After that the mortgage co | | | | estate market was at an uptick. |
| has a right to the remainder. But, the bank can't keep | | | | 2. This also works for tax lien sales.tax auctions are |
| any excess. Let's say there were $5,000 in attorney | | | | simply foreclosures that are as a resultgovernment |
| costs as a result of the foreclosure sale, {and|&) that | | | | going after:attempting to collect taxes owed on a |
| there were still owed taxes to be paid in the amount | | | | home and are foreclosing to get that debt. The main |
| of 5 grand. | | | | differences in tax auctions are: |
| That means: | | | | 1. There is a chance for a much larger surplus funds |
| $250K sales price | | | | amount. Give that some thought. Unpaid taxes of |
| -Five thousand $ paid to the municipality for unpaid | | | | $20,000 on a property that has other debt and sells at |
| taxes. | | | | auction for $300 grand. Are you kidding me? |
| -Five thousand $ paid to attorney's in charge of the | | | | 2. There might be a 'redemption period' of a coupla yrs |
| foreclosure auction. | | | | during which you are required to sell the home back to |
| -two hundred thousand paid to the bank. | | | | the past ownerfor what you have in it. You could |
| The overage totals $40K. | | | | lease the property, and put a small amount of repair |
| Where's that $ go? | | | | money into it, and make that $ back, praying the |
| Hmmm, almost universally, excess proceeds is due to | | | | exowner doesnt return in the middle of the redemption |
| the person who was foreclosed on. But - the | | | | period. That's cool because youll recoup what you |
| municipality where the foreclosure was filed lacks the | | | | invested, if the owner does come back, and return the |
| timed needed, resources, or staff needed to find the | | | | rent money. |
| past owner. Also the mortgage company only focus is | | | | However, the Gold Mine Program teaches you a more |
| to prove they haven't kept any overage. So the | | | | lucrative way to benefit from sales from a tax |
| money ends up in an file by file to figure out the | | | | foreclosure. You can literally, using the ebook, let the |
| records thatwhich actually have unclaimed money in | | | | home to be foreclosed on at a tax auction, and then |
| them. BUT, once you identify one such file, you will find | | | | claim the surplus money owed to the exowner your |
| much more using a easy system. | | | | self! Seriously! We trust this e-book because we |
| Assume you find the records, and identify huge sums | | | | created it. |
| of funds due to ex-owner. Can you retrieve that | | | | |