Overage Tax thumbnail

Overage Tax

Published Jan 03, 25
4 min read


It's usually an attorney or a legal assistant that you'll finish up chatting to (auction proceeds). Each area of course desires various information, however in general, if it's an action, they want the assignment chain that you have. The most current one, we in fact confiscated so they had labelled the act over to us, in that case we sent the action over to the paralegal.

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 more research, yet they just have that 90-day period to make sure that there are no cases once it's liquidated. They process all the papers and make sure everything's appropriate, then they'll send out in the checks to us

Tax Liens Properties

Foreclosure Tax SaleExcess Funds


After that an additional just assumed that pertained to my head and it's occurred when, every now and then there's a timeframe prior to it goes from the tax obligation division to the basic treasury of unclaimed funds. If it's outside a year or 2 years and it hasn't been declared, it can be in the General Treasury Department

If you have a deed and it takes a look at, it still would certainly be the very same procedure. Tax obligation Overages: If you require to retrieve the taxes, take the building back. If it does not market, you can pay redeemer taxes back in and obtain the property back in a clean title. About a month after they accept it.

Once it's authorized, they'll claim it's going to be two weeks since our audit division has to refine it. My favored one was in Duvall County. The girl that we dealt with there handled everything. She provided me once a week updates. Occasionally the upgrade was there was no upgrade, but it's still nice to hear that they're still in the procedure of figuring points out.

Free Tax Lien ListingsSales In Excess


Also the counties will tell you - broward tax deed surplus. They'll state, "I'm a lawyer. I can fill this out." The regions always react with stating, you do not require a lawyer to fill this out. Any individual can load it out as long as you're an agent of the business or the owner of the residential or commercial property, you can submit the documentation out.

Florida seems to be pretty contemporary as for just checking them and sending them in. tax lien certificates list. Some desire faxes which's the most awful since we need to run over to FedEx just to fax stuff in. That hasn't held true, that's only taken place on 2 areas that I can believe of

It possibly sold for like $40,000 in the tax sale, however after they took their tax obligation cash out of it, there's about $32,000 left to assert on it. Tax obligation Excess: A lot of areas are not going to give you any type of extra information unless you ask for it however when you ask for it, they're absolutely helpful at that point.

Unclaimed Funds From Foreclosure

They're not going to provide you any extra information or help you. Back to the Duvall county, that's how I entered into an actually great discussion with the paralegal there. She actually explained the entire procedure to me and told me what to request for. Luckily, she was actually handy and walked me with what the procedure resembles and what to ask for. delinquent tax liens list.

Yeah. It's regarding one-page or 2 web pages. It's never ever a negative day when that takes place. Various other than all the information's online since you can just Google it and go to the region site, like we make use of naturally. They have the tax obligation acts and what they paid for it. If they paid $40,000 in the tax obligation sale, there's probably excess in it.

They're not mosting likely to let it get too expensive, they're not mosting likely to allow it obtain $40,000 in back taxes. If you see a $40,000 sale, there are most likely surplus claims therein. That would be it. Tax obligation Excess: Every area does tax repossessions or does foreclosures of some type, especially when it involves property taxes.

Latest Posts

Homes Delinquent Tax Sale

Published Mar 10, 25
7 min read

Buy Homes For Back Taxes

Published Mar 10, 25
1 min read

Delinquent Property Tax Records

Published Mar 06, 25
6 min read