Tax Sale Overages

is there anyone out there making money on tax sale overages i was thinking about getting into the overage business

Comments(4)

  • cjmazur17th May, 2011

    Has anyone dug into this any further.

    The lawsuit ruling was BRUTAL.

    Seem like if it was done w/o (DUH!) violating the law, it could be a profitable tool. Similar to judicial foreclosure redemption.

    For one county in CA, Since 10/10, there have been 900 tax deeds issued. If we assume the over bid was just 2K/property, that;s a lot of cash on the table.

    Well worth 5k-10k of legal fees to understand the legal process.

  • nickschola20th July, 2010

    Thnks for the response . I discovered in MD that VA will not accept the assignment. I have decided to structure the contract directly with the buyer and seller and just draw an s=addendum for the finders fee. This is a tricky business but I am learning !!

  • FlackJannigan20th July, 2010

    Unless your seller is an individual as appossed to a bank (reo,short sale) assignments are a thing of the past in this market.

  • savana7th June, 2011

    It is better to consult it with both buyers and sellers and than later on working on different aspects that will be much better.

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