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Property Tax Foreclosures

Published Dec 08, 24
3 min read

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It's rather individual. It's usually an attorney or a legal assistant that you'll wind up speaking to. Each county obviously desires different information, yet in general, if it's an action, they want the project chain that you have. Ensure it's videotaped. In some cases they've requested allonges, it depends. The most recent one, we really confiscated so they had titled the action over to us, because situation we submitted the deed over to the legal assistant.

The one that we're having to wait 90 days on, they're making sure that no one else comes in and declares on it. They would certainly do additional study, however they simply have that 90-day period to make sure that there are no insurance claims once it's closed out. They process all the records and make certain everything's proper, then they'll send in the checks to us

Surplus Payments

Unclaimed Surplus FundsTax Seized Properties For Sale


Another just thought that came to my head and it's occurred once, every now and after that there's a timeframe before it goes from the tax obligation division to the general treasury of unclaimed funds (surplus tax sale). If it's outside a year or 2 years and it hasn't been claimed, it can be in the General Treasury Division

Tax Excess: If you need to redeem the taxes, take the residential or commercial property back. If it doesn't market, you can pay redeemer tax obligations back in and obtain the residential property back in a clean title - how to buy tax lien property.

Once it's authorized, they'll state it's going to be two weeks since our audit division has to refine it. My favored one was in Duvall Area.

Tax Seizures AuctionsSurplus Of Funds


Also the counties will tell you - excess sales. They'll state, "I'm an attorney. I can fill this out." The regions always respond with stating, you do not require a lawyer to fill this out. Anyone can load it out as long as you're an agent of the company or the proprietor of the building, you can fill in the documentation out.

Florida seems to be pretty modern as much as simply scanning them and sending them in. tax delinquent sales. Some desire faxes and that's the most awful since we have to run over to FedEx just to fax things in. That hasn't held true, that's only occurred on 2 areas that I can think of

We have one in Orlando, but it's not out of the 90-day period. It's $32,820 with the excess. It possibly cost like $40,000 in the tax sale, but after they took their tax money from it, there's about $32,000 left to claim on it. Tax Overages: A great deal of regions are not going to give you any type of additional info unless you ask for it once you ask for it, they're certainly helpful then - tax sale unclaimed funds.

Free Tax Lien Sales List

They're not going to provide you any additional info or assist you. Back to the Duvall region, that's exactly how I obtained right into a truly great discussion with the paralegal there.

Yeah. It's regarding one-page or more pages. It's never ever a poor day when that occurs. Besides all the information's online since you can just Google it and most likely to the county website, like we use naturally. They have the tax deeds and what they spent for it. If they paid $40,000 in the tax sale, there's possibly excess in it.

They're not mosting likely to let it obtain expensive, they're not going to let it obtain $40,000 in back tax obligations. If you see a $40,000 sale, there are most likely surplus claims therein. That would be it. Tax Excess: Every region does tax obligation foreclosures or does foreclosures of some type, particularly when it comes to residential property tax obligations.