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Mortgage Foreclosure Surplus

Published Dec 30, 24
3 min read

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It's typically an attorney or a legal assistant that you'll finish up chatting to (tax delinquent properties list). Each county of training course desires different information, but in general, if it's a deed, they want the task chain that you have. The most recent one, we in fact confiscated so they had entitled the act over to us, in that case we submitted the deed over to the paralegal.

The one that we're having to wait 90 days on, they're making certain that no one else comes in and asserts on it. They would do more research, yet they just have that 90-day duration to see to it that there are no claims once it's closed out. They process all the records and guarantee every little thing's proper, after that they'll send out in the checks to us

Foreclosure Overages List

Foreclosure OverageFree Tax Lien List


Then another just believed that pertained to my head and it's occurred once, every so often there's a duration prior to it goes from the tax obligation department to the general treasury of unclaimed funds. If it's outside a year or 2 years and it hasn't been claimed, it can be in the General Treasury Division

Tax Overages: If you need to retrieve the taxes, take the residential or commercial property back. If it does not offer, you can pay redeemer taxes back in and get the property back in a clean title - back tax property auctions.

Once it's accepted, they'll say it's going to be two weeks since our bookkeeping division has to refine it. My favorite one was in Duvall County.

Tax Liens PropertiesLand With Tax Liens


Also the regions will inform you - foreclosure overage. They'll say, "I'm a lawyer. I can fill this out." The areas constantly react with stating, you do not need a lawyer to fill this out. Anybody can load it out as long as you're a representative of the firm or the owner of the home, you can complete the documentation out.

Florida appears to be quite modern regarding simply scanning them and sending them in. free tax sale. Some desire faxes which's the most awful due to the fact that we need to run over to FedEx just to fax stuff in. That hasn't held true, that's just taken place on 2 regions that I can believe of

It probably sold for like $40,000 in the tax obligation sale, yet after they took their tax money out of it, there's about $32,000 left to claim on it. Tax obligation Overages: A lot of counties are not going to provide you any type of added details unless you ask for it however as soon as you ask for it, they're absolutely helpful at that point.

Tax Sale Listing

They're not going to provide you any kind of added details or assist you. Back to the Duvall area, that's how I entered a truly excellent discussion with the legal assistant there. She actually clarified the whole procedure to me and informed me what to request for. She was actually useful and walked me with what the procedure looks like and what to ask for.

Other than all the info's online because you can just Google it and go to the region web site, like we utilize normally. They have the tax actions and what they paid for it. If they paid $40,000 in the tax sale, there's possibly excess in it.

They're not going to let it obtain too high, they're not mosting likely to let it obtain $40,000 in back tax obligations. If you see a $40,000 sale, there are probably surplus cases therein. That would be it. Tax Excess: Every county does tax obligation foreclosures or does repossessions of some sort, particularly when it involves residential or commercial property taxes.

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