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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]