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Excess Proceeds From Tax Sale

Published Jan 31, 25
3 min read


It's rather individual. It's usually an attorney or a paralegal that you'll wind up speaking with. Each area naturally desires different info, however generally, if it's an act, they want the assignment chain that you have. Make certain it's taped. In some cases they've asked for allonges, it depends. One of the most recent one, we in fact seized so they had labelled the deed over to us, because case we submitted the deed over to the paralegal.

As an example, the one that we're having to wait 90 days on, they're making certain that no one else can be found in and asserts on it - excess sales. They would do more study, however they just have that 90-day duration to ensure that there are no cases once it's shut out. They process all the records and ensure everything's correct, then they'll send in the checks to us

Foreclosure Sold For More Than Owed

Tax Sale Overages CourseTax Delinquent Properties List


After that an additional simply believed that concerned my head and it's happened when, every currently and then there's a timeframe before it goes from the tax obligation department to the basic treasury of unclaimed funds. If it's outside a year or two years and it hasn't been claimed, it might be in the General Treasury Division

Tax Excess: If you need to retrieve the tax obligations, take the residential or commercial property back. If it doesn't market, you can pay redeemer tax obligations back in and get the home back in a clean title - excess funds list.

Once it's accepted, they'll claim it's mosting likely to be 2 weeks because our accounting division needs to process it. My preferred one remained in Duvall County. The lady that we collaborated with there managed everything. She provided me weekly updates. In some cases the update existed was no upgrade, however it's still wonderful to hear that they're still in the process of figuring things out.

Surplus Funds ForeclosureProperty Tax Delinquent Lists


Even the regions will certainly inform you - tax owed homes for sale. They'll claim, "I'm a lawyer. I can load this out." The regions always respond with saying, you do not require an attorney to load this out. Anybody can load it out as long as you're a rep of the company or the owner of the residential property, you can fill up out the paperwork out.

Florida seems to be pretty modern-day as for simply checking them and sending them in. tax sale excess funds list. Some want faxes which's the most awful because we need to run over to FedEx simply to fax things in. That hasn't been the case, that's just occurred on two counties that I can consider

It possibly sold for like $40,000 in the tax obligation sale, however after they took their tax cash out of it, there's about $32,000 left to claim on it. Tax obligation Overages: A whole lot of regions are not going to give you any extra details unless you ask for it yet once you ask for it, they're certainly practical at that factor.

Free List Of Tax Liens

They're not going to offer you any kind of added info or assist you. Back to the Duvall region, that's just how I obtained into an actually good discussion with the paralegal there.

Various other than all the info's online because you can just Google it and go to the area site, like we use naturally. They have the tax deeds and what they paid for it. If they paid $40,000 in the tax sale, there's probably surplus in it.

They're not mosting likely to let it get expensive, they're not going to allow it obtain $40,000 in back taxes. If you see a $40,000 sale, there are probably surplus insurance claims therein. That would certainly be it. Tax Excess: Every region does tax obligation foreclosures or does repossessions of some sort, particularly when it involves building taxes.

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