Free Money Search Unclaimed
If you're already in the "found money" business or if you're just looking to start a lucrative home-based business, you need to look at collecting property tax overages. They're being created left and right with the sky-high foreclosure rates, and their clueless owners truly need money finders to make sure their money doesn't escheat to the government.
Free Money Search Unclaimed
First, what exactly are property tax overages? Property tax overages are the funds that are created when more is bid at tax sale auction than is owed in delinquent back taxes. That overage is held for the owner in many cases, but frequently the owners don't know this or have moved on and their money never gets returned to them. Also this is often an inheritance/heir situation, which leaves them even more in the dark about the funds.
Free Money Search Unclaimed
There are currently not many money finders working property tax overages. They aren't well-advertised and they can be tricky to get ahold of. However, due to a loophole, these real estate overages are not subject to state finder's fee caps, and thus provide a huge opportunity for income for those lucky enough to be clued in to their existence. It's legal to charge 30-50%, or more, depending on the case. And believe it or not, the claimants are happy to pay it. They usually have no idea where the money you have information on is derived from, and are excited at the prospect of an unexpected windfall.
Free Money Search Unclaimed
If they don't claim their money in time, it's lost permanently to the government. There are billions of dollars in property tax overages, as well as other types of overages, just sitting in government bank accounts, with the clock ticking down to the time they'll be lost. Now is a great time to break into the field. With property tax overages running into the tens of thousands of dollars, if you work hard at it, 5-figure paychecks are right around the corner.
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