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Submitted by: Emanuelge Castro
How to Make a LOT of Money! how to make a lot of money By cashing in on excess funds, surplus proceeds, unclaimed money, tax sales You can pull down crazy money, easy, even from home without a fee.
These monies are from bank, home owner association, or municipality foreclosures. When someone forecloses on a property, they are attempting to collect on a debt they are owed, and are legally forcing a person or entity to sell their real property to satisfy that debt. A problem that frequently occurs is that the property sells for more than the amount needed to satisfy the debt. Lets say that a bank is foreclosing on Joe Smith because Joe hasn’t been making his payments. Assume that the bank is owed $200K from Joe, but the property sells for $250,000. What happens to this overage? The foreclosing party pays off the debt and taxes owed. But the bank can’t keep any surplus funds. Let’s say there were $5,000 in attorney’s fees as a result of the foreclosure, and that there were outstanding taxes to be paid of $5,000((easy numbers so its easier for my math). That gives us: $250 Grand in total sales price $5 grand for overdue taxes. -$5K paid out the foreclosure attorney. -$200K paid to the mortgage co (to make it easy, assume figure includes mort amount and late fees, interest, etc.). There’s $40K left. Who gets that money? The money is supposed to go to the person who got foreclosed on. Here’s the issue – the county clerk doesn’t have the time, money or personnel to get the funds to the owner. The bank doesn’t have to find the owner either – their obligation is to not keep the surplus. So the money goes into an earnest money account, ‘attached’ to the file at the (usually) court house. And there it stays until its eventually sent to the State. Guess what?! While the money is sitting in an earnest money account for the municipality and then the State, it is earning interest. The municipality and then the State can claim that interest because they are keeping it for the rightful owner. So the question becomes: ‘Can the ex-owner go online with the state and get the money owed to them?’ Nope. In many cases the money is no longer in the rightful owner’s name once it hits the State’s earnest money account. Even if the ex-owner knows about the surplus, the state won’t acknowledge it. So the owner just goes to the county clerk, shows i.d., and gets the money, right? Nope. First off, the files aren’t labeled ‘come and get your money’ and are not easy to find. Then you have to – once you’ve found the files – check each one out looking for excess monies.Once you find such a file, however, a simple technique can be used to find other files quickly and easily.Let’s assume you can find the files with money in them – does that mean you can get the money? Using the Gold Mine System, you CAN claim the money, for yourself! Some other points: 1. You can get the money even if its been in the file for decades!! 2. This also works for tax lien sales. Get your piece of this very, very big pie at – How to Make a Lot of Money
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