Finding Tax Sale Overages - A Secret Of The Found Money Professionals.

If you're looking for a home-based business idea, you may have stumbled across unclaimed funds and learned that you can charge a finder's fee for reconnecting people with their lost money. State law limits finder's fees on those funds - so while you can make money on big amounts, you'll have to work on funds that aren't governed by state law. Finding tax sale overages is a good place to start, and very few other money finders even know they exist.

With the current foreclosure rate, finding tax sale overages to work isn't too difficult. There are lots of them in almost every county (in states that have tax sale overages; about half). Requesting them can be tricky, but once you've got that down it's a piece of cake. You'll find that in no time, you'll have more records than you can handle.

Finding tax sale overages themselves is the easy part - finding the owners is where you make your money. Since they have moved on from the last known address (the tax sale address), you'll have to use resources on the internet to locate them. They can be hard to find, but that's good - it means other money finders won't bother, and you'll have the first crack at getting the claimant to work with you.

Once you've told the claimants you know about money they're owed, you'll get them under contract to share the proceeds with you in exchange for your research and assistance collecting the funds. Most money finders charge 30-50% on these funds (and their right to do so has been held up in court - this is 100% legal). Then, you process the claim and collect the funds. On a $10,000 overage, that means up to $5,000 is yours

Since these funds are lost to the government after a short period of time, it's imperative that more money finders get into the field to help prevent the escheatment of this money. If you're looking for a home-based business opportunity, this is a great one to break into at a great time in the real estate market cycle.

The current foreclosure rate won't last forever - take advantage of it now.

When collecting overages, it's key to understand how to approach the owners so they don't try to avoid your fee. For a limited time, read the Hooked On Overages "Insider's Guide" To Tax Sale Overages for free at: http://HookedOnOverages.org.

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