There are 3,000+ counties in the United States and 84 Tax Sales are held a DAY. The belief is that there are $5billion in tax sale overages in the United States. We show the student how to find the easy places to work this, there are 3000+ counties, there are ones that are easy and very profitable we show you exactly which ones are the most lucrative. It is very unusual to run into multiple finders working the same deal, if you do that is actually great news for you. We have a way (script) for you to present your service as the BEST service available to “win” the deal.
Think of Real Estate Agents, they run into competition, why are some agents always Million Dollar Producers? They have a better script, that is what we teach you too. Ok, fine, I’ll tell you, most finders lazily send out only letters and refuse to call or use Social Media, we teach you call and use social media so you WIN. People who have received letters about overages from other finders are the BEST prospects, they are NOT skeptical now they are CURIOUS about how to get the money.
Yes, we teach you the exact “magic script” (ok I actually hate this term but its true persuasion is sort of magic and as an Attorney I am a trained persuader) and I teach it to you.
This is the most common question, you do this in the most profitable States and that is what we teach you. Do not think you are constrained to doing this in your backyard, in fact, its much smarter to do this out of town/out of State. It makes no sense to get bogged down meeting with people and have to listen to their life story. What we teach you is how to get people signed up from a distance and do this with great efficiency. Our most successful students live in Colorado, Alabama, and Florida and do business in OTHER states not their home state.
This free’s you up to do this anywhere from anywhere and creates a bigger opportunity that can scale. That is why you can also do this from overseas (one caveat, you must have a US based bank account and LLC if you are doing this from Europe, Asia, Australia, etc.)
If there was a lien holder they would pay the taxes and not allow the houses to be lost at auction….also in most states they do not require lien holders to be paid.
- Also, I show lists of hundreds of thousands of dollars owed to the former owner. Mortgages are wiped out by tax sales and if the mortgage companies did want money they would have applied for the money and it would not be on the overage list.
- This is why we show you how to go after the tax sale foreclosures and NOT the mortgage foreclosuers. If you worked mortgage foreclosures that would be a problem.
- There is little point to asking “how are properties lost” or “why are they lost” they are stupid questions. They can se from the examples there are millions of dollars sitting out there. Each house has some unique story that makes no difference – the end result is there is money sitting there waiting to be claimed.
The tax foreclosures generally wipe out all liens against the real estate, IRS, mortgages, mechanics liens etc. Those entities can pay the taxes if they want to preserve their lien but when they don’t pay the taxes their lien is lost in the majority of the cases.
If they do “show up” to get paid, we have a special technique to make them prove that the lien is valid (hint, they can’t find the documents and our background in law and loan modifications/challenges gives us tools to use to challenge the lienholder to PROVE they have a valid claim).
First go back and read the questions on lienholders, many times the mortgage is “wiped out” in the tax sale foreclosure process. If the mortgage holder is not wiped out, they fail to respond to the noticing thus the homeowner gets the overage.
If a judge decides to re-notice we have ways to challenge the mortgage holder to produce the documents PROVOING they are owed the money. Most of the time they CANNOT prove it and they have to go away with their tail tucked between their legs or settle with you.
Also, many properties that go to tax sale are free and clear of mortgages – otherwise mortgage companies would pay the taxes to keep from being divested from the property.
You pay taxes on your NET profit after ALL business expenses. You can deduct the payment to the homeowner, any relevant business expenses (fuel, office, cell phone, internet, etc.) thus this is a great tax reducer.
As far as tax reporting, I have not seen Counties reporting the payment. The reporting is not what triggers the tax obligation though – the fact that you made money does. You do get to deduct your business expenses. Same for the homeowner, he may pay taxes on his net proceeds – he/she can deduct what he paid you though and he will still make money.
Tax Overages are created from a Tax Auction. When an owner fails to pay their taxes the property goes into auction. Depending if the state is a Tax Lien or Tax Deed state will determine if they are given a redemption period. Some states allow ‘overbidding’ at auction. So Mary Jane owes $5,000 in back taxes and she didn’t pay. Investors, businesses attend County Tax Auctions and bid on the property. So if you bid $7500 and I bid $10,000 and I am the highest bidder there is a $5,000 overage/overbid/surplus which then belongs to the owner of the property.
We have no idea which counties pay the most. Thousands of dollars are generated in Tax Sales daily.. 80+ tax sales a day and 24,800 properties a day go to tax sale, this means that their is an ever growing number of overages and the list is self replenishing.
These tax sale overages have been created since the beginning of collection of taxes in Roman times, don’t pay your taxes they go to the sale and the County/State gets the money. There will always be properties going to the tax sale, people die, people go broke, companies go broke, companies and people forget to pay taxes and even forget they own properties!
How can you forget you own a property? Simple, companies when they sell out many times have very poor accounting and record keeping and have “weird” assets, Ed Diamond can tell you some very amusing stories of takeovers he was a part of at PepsiCo when they discovered they owned properties they did not even know they owned. I can tell you as an Attorney I had clients that did not know they owned properties and “discovered it” after it was too late.
Not all states have Tax Overages. 21 states have no restrictions and can easily be worked for Overages and there are no limitations on what can be charged. These are the “Easy” states and the states that we have our students focus on. Because you can do this from anywhere, you do NOT have to live in or visit the States you are doing business in. The other States have challenges, some have limitations, some do not pay overages, some pay the overage to the lien holders first and we give you those states and the rules that limit effectiveness.
Yes, sure, here is a full wall of succesful students and what they have to say http://www.diamondlawcenter.com/successful
Can I talk to successful students? That is what this page is for, its a KIND gesture that they are willing to share their success with you and provide proof this works.
Please do not be inconsiderate and interrupt successful people with your questions, its really inconsiderate to take their time that way. If you are that skeptical please do not invest in this system, you will not be successful because you do not believe in the opportunity and that is OK, don’t do anything you are not 100% in belief of becuase you will self sabotage.
Yes, and most importantly we are a law firm and use our resources to keep things updated and have ongoing research. We will do research when a new rule or law comes up to ensure we are compliant. This is important and we are not aware of any other Overages Instructor or system that is run by an Attorney/Lawyer who is a bar member in good standing with my amount of experience. Access to our COMPLETE LIBRARY of training including all forms, contracts, process maps that we use in this business drafted by our Attorneys, as well as 12 Training Videos, Easy Quickstart Guide, 50-State Overages Guide, and 50-State Public Records Guide.
I am an Attorney and I am in the overages business. My partners have been doing this since 1999 and 2004 respectively and our company is run by a top MBA that has a deep level of experience running successful companies. He adds that Operational capability that most “guru” companies do not have, we are not one guy claiming expertise who gives out his cell phone number and tells you to call between 9-1 and then can’t handle the calls. You can call us at (888) 557-0686 x0 7 days a week 24 hours a day for help, this is staffed by Americans who can do 1st level support and will escalate what they cannot handle to the more experienced team.
My more experienced team consists of people that have been here for 2+ years, Ashleigh joined us in 2010. Christine in 2009, Michelle has been with us since 2007, Mike since 2013, Rick Dawson 2004 (founder of the HOO system) Ed Diamond COO since 2009, and our 1st line team since 2011.
I cannot tell you that other companies do not have valuable information in the overages business and I will not be that bold, it is unknowable what they do and do not teach, I do not have access to their courses. What I can give you a thought on is to ask good questions, we actually do this business and could really use more people doing it too. Why?
There is a vast world of overages out there, more than we can ever hope to recover for people that need it, I do not worry about competition, how many Real Estate agents, Car repair shops, stores to buy computers, and other services are out there? Right, you see my point, there is more than enough for all of us, this is about making a difference.
VA training is provided IF you want to use VA’s. This BONUS: how to get VA’s at $3 to do all the grunt work including: Getting the list of people owed money, Finding the people, Contacting them via internet/phone/snail mail, Taking the calls, and Getting the Agreement and Submitting the Claim. They do the work – YOU collect the check!
VA’s are great to work with, they will do work that American’s don’t want to do and they are thrilled to make money. Do not feel guilty, the wage rates are what is predominant in their country and you should pay the predominant rates, if you overpay they escalate their lifestyles and when they move on to the next job they cannot suppor their lifestyle. So, don’t overpay its not helping your VA at all.
No. There is not any charge to host your web site, there is not a charge for “membership” nope there is no “game” afoot.