Hooked On Overages is the original course by my friend Rick Dawson on how to profit from finding people that are owed tax sale overages.
Let me explain…
When a property is sold in a tax deed sale, the price is bid up at the sale. The bidding may start at the back taxes and penalties, but it is bid up from there. Did you ever wonder what happens to the tax sale overage? That’s the money in excess of what is owed to the county. For example if the minimum bid amount is $2000, and the deed is bid up at the tax sale to $20,000, what happens to the $18,000 overage? Continue reading
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