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Otc Tax Lien States

Published Jan 11, 25
3 min read

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It's normally a lawyer or a paralegal that you'll end up chatting to (property tax liens for sale). Each region of course desires various info, however in basic, if it's an action, they want the project chain that you have. The most recent one, we actually confiscated so they had entitled the act over to us, in that instance we submitted the action over to the legal assistant.

For example, the one that we're needing to wait 90 days on, they're making certain that nobody else comes in and asserts on it - property taxes owed foreclosure. They would do further study, but they simply 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 make certain whatever's proper, after that they'll send in the checks to us

Foreclosure Overages

Oklahoma Excess Funds ListExcess Estate Sales


One more just believed that came to my head and it's occurred once, every now and then there's a duration before it goes from the tax department to the basic treasury of unclaimed funds (tax defaulted property sale). If it's outside a year or more years and it hasn't been claimed, maybe in the General Treasury Division

If you have an action and it checks out, it still would certainly be the very same process. Tax obligation Overages: If you need to retrieve the tax obligations, take the residential or commercial property back. If it does not market, you can pay redeemer taxes back in and get the building back in a tidy title. About a month after they authorize it.

Once it's approved, they'll state it's going to be two weeks due to the fact that our audit division has to refine it. My favored one was in Duvall Region.

Mortgage Surplus FundsMortgage Foreclosure Overages


Even the regions will certainly tell you - what is tax surplus. They'll claim, "I'm an attorney. I can load this out." The counties always respond with claiming, you do not need an attorney to load this out. Anyone can load it out as long as you're a rep of the business or the owner of the home, you can complete the documentation out.

Florida seems to be rather modern-day as far as simply scanning them and sending them in. house tax sale. Some want faxes and that's the most awful because we need to run over to FedEx simply to fax things in. That hasn't held true, that's only occurred on two regions that I can believe of

It possibly sold for like $40,000 in the tax sale, but after they took their tax obligation money out of it, there's around $32,000 left to claim on it. Tax obligation Excess: A great deal of counties are not going to give you any kind of additional info unless you ask for it yet when you ask for it, they're most definitely practical at that point.

Unpaid Taxes On Houses

They're not going to give you any type of extra details or help you. Back to the Duvall county, that's how I got right into a truly great conversation with the legal assistant there.

Other than all the info's online because you can just Google it and go to the county 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 sale, there's probably surplus in it.

They're not going to allow it get as well high, they're not mosting likely to allow it obtain $40,000 in back taxes. If you see a $40,000 sale, there are probably surplus insurance claims in there. That would certainly be it. Tax Overages: Every county does tax foreclosures or does foreclosures of some kind, particularly when it involves building taxes.

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