Overages

I was wondering if someone would inform me on overages and how to go about making money off of someone else's forclosure. Is it completley legal? cool grin null

Comments(7)

  • biggervinnie25th June, 2003

    It is where I am, and collect overages for a living. Where are you located?

    bigger-

  • betchacantride11th November, 2003

    I do overages. Where are you located?

  • dirtman8911th November, 2003

    What do you mean by overages as this pertains to foreclosure? Trying to learn.

    Thanks.

  • demosthenes11th November, 2003

    I believe what is being refered to is when whats owed on the mortgage is more than what the house is worth.

  • betchacantride11th November, 2003

    No, an overage occurs when a third-party bidder purchases a property at foreclosure sale for more than the judgement amount.

  • lp111th November, 2003

    you'd have to get an assignment from the prior owner to put a claim on the surplus or record the deed prior to the sale making you the last person on record and when it forecloses you'd be entitled to any surplus if any after the sale. where i live it takes up to 1 year for the county treasurer to pay surplus claims.

  • Grant102611th November, 2003

    Can some explain the process in doing this? I would like to start but have no idea how, what it cost, or any other information on this?

    Please feel free to email me. Thanks for the information.

    **Please See My Profile**

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