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Tax Sale Surplus

Published Dec 10, 24
3 min read

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It's quite individual. It's normally a lawyer or a legal assistant that you'll wind up speaking to. Each county naturally wants different info, but as a whole, if it's an act, they want the task chain that you have. Ensure it's videotaped. Occasionally they have actually requested allonges, it depends. The most recent one, we really foreclosed so they had actually titled the deed over to us, in that instance we submitted the action over to the legal assistant.

For example, the one that we're having to wait 90 days on, they're seeing to it that no person else comes in and asserts on it - sales property tax. They would certainly do more study, but they just have that 90-day period to see to it that there are no cases once it's closed out. They process all the files and ensure whatever's correct, after that they'll send in the checks to us

Excess Proceeds Texas

Oklahoma Excess Funds ListState Of Georgia Unclaimed Funds List


Then another just believed that pertained to my head and it's taken place once, every so often there's a timeframe prior to it goes from the tax division to the general treasury of unclaimed funds. If it's outside a year or more years and it hasn't been claimed, it might be in the General Treasury Division

Tax obligation Excess: If you need to redeem the taxes, take the residential or commercial property back. If it does not sell, you can pay redeemer taxes back in and get the residential property back in a clean title - online tax deed auctions.

Once it's approved, they'll state it's going to be 2 weeks because our accountancy department has to refine it. My favorite one was in Duvall Region.

Excess ProceedsOverage Deed


The regions always respond with stating, you don't require a lawyer to fill this out. Any individual can fill it out as long as you're a rep of the company or the owner of the home, you can fill out the documents out.

Florida seems to be pretty modern as far as just scanning them and sending them in. homes foreclosed due to back taxes. Some desire faxes which's the most awful due to the fact that we have to run over to FedEx just to fax things in. That hasn't been the situation, that's only taken place on two counties that I can believe of

It most likely offered for like $40,000 in the tax sale, but after they took their tax money out of it, there's around $32,000 left to claim on it. Tax obligation Overages: A lot of counties are not going to offer you any added information unless you ask for it yet as soon as you ask for it, they're absolutely practical at that point.

Tax Sale Listing

They're not going to offer you any kind of added info or assist you. Back to the Duvall area, that's how I obtained into an actually excellent conversation with the legal assistant there.

Other than all the information's online because you can just Google it and go to the region website, like we use naturally. They have the tax obligation actions and what they paid for it. If they paid $40,000 in the tax obligation sale, there's possibly excess in it.

They're not going to let it get as well high, they're not going to let it obtain $40,000 in back taxes. Tax obligation Excess: Every area does tax obligation foreclosures or does repossessions of some kind, specifically when it comes to home tax obligations. overbid tax deed proceeds.

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