Foreclosure Surplus Funds California thumbnail

Foreclosure Surplus Funds California

Published Jan 01, 25
3 min read


It's generally a lawyer or a paralegal that you'll end up chatting to (tax overage). Each region of program wants various information, however in basic, if it's a deed, they want the task chain that you have. The most recent one, we really seized so they had titled the action over to us, in that case we submitted the act over to the paralegal.

The one that we're having to wait 90 days on, they're making sure that no one else comes in and claims on it. They would certainly do more research, however they simply have that 90-day period to make certain that there are no cases once it's shut out. They refine all the papers and make sure everything's proper, after that they'll send out in the checks to us

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After that an additional just assumed that involved my head and it's taken place as soon as, every now and after that there's a duration prior to it goes from the tax division to the basic treasury of unclaimed funds. If it's outside a year or 2 years and it hasn't been claimed, maybe in the General Treasury Department

If you have a deed and it has a look at, it still would certainly be the exact same process. Tax Overages: If you need to retrieve the tax obligations, take the property back. If it does not offer, you can pay redeemer tax obligations back in and get the property back in a tidy title. Concerning a month after they accept it.

Once it's authorized, they'll state it's mosting likely to be 2 weeks since our audit department needs to process it. My favorite one remained in Duvall Region. The lady that we dealt with there took care of every little thing. She offered me once a week updates. Sometimes the update was there was no update, but it's still wonderful to hear that they're still in the procedure of figuring things out.

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Even the areas will tell you - foreclosure sold for more than owed. They'll state, "I'm a lawyer. I can load this out." The counties constantly respond with claiming, you do not require a lawyer to load this out. Any person can fill it out as long as you're an agent of the firm or the proprietor of the residential or commercial property, you can submit the documents out.

Florida seems to be pretty modern as for just checking them and sending them in. real estate tax foreclosure sales. Some want faxes which's the most awful since we need to run over to FedEx simply to fax stuff in. That hasn't been the instance, that's just happened on two areas that I can think of

It probably sold for like $40,000 in the tax obligation sale, yet after they took their tax obligation cash out of it, there's about $32,000 left to declare on it. Tax Excess: A lot of regions are not going to offer you any added info unless you ask for it but as soon as you ask for it, they're certainly helpful at that factor.

State Of Georgia Unclaimed Funds List

They're not going to give you any kind of additional information or help you. Back to the Duvall county, that's just how I obtained right into an actually excellent discussion with the paralegal there.

Other than all the information's online due to the fact that you can simply Google it and go to the region web 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 obligation sale, there's possibly surplus in it.

They're not going to allow it get also high, they're not going to let it get $40,000 in back tax obligations. Tax obligation Overages: Every county does tax foreclosures or does foreclosures of some type, particularly when it comes to property tax obligations. unclaimed funds tax sale overages.

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