Foreclosure Unclaimed Funds - The Best Way to Make Monster Finder Fees
- Author Maggie Dawson
- Published March 28, 2010
- Word count 284
If you're already in the found money business, or just thinking about making a career move into the field, you'd better become familiar with foreclosure unclaimed funds fast - before lots of other people pour in. It's bound to happen at some point, but for now, foreclosure unclaimed funds are still the least-worked of the unclaimed money out there.
There are several reasons why foreclosure unclaimed funds are the most lucrative.
-
They are "hidden." These funds don't show up on websites where people can go to search and see if they have any lost money like bank accounts, stock dividends, or utility deposits that are being held by the State Unclaimed Division.
-
They generally amount to much more than other funds. Real estate foreclosure unclaimed funds, as you can imagine, run into the tens of thousands of dollars regularly - unlike the hundreds or low thousands you'll find from other sources.
-
Very few people work them. Most people working as money finders work state-held funds.
-
Because they are held outside the state level, they aren't subject to finder's fee limits. This means you can charge 30-50% per transaction. On a $10,000 overage, you'll make $3,000-$5,000, and your costs will be only a few hundred dollars when all is said and done. What's better than that?
With the skyrocketing foreclosure rates, you can bet there will be foreclosure unclaimed funds for a long time to come. How long before the market is flooded with money finders, or the government changes the laws, on the other hand, is another question. For now, however, collecting these unclaimed funds on behalf of their owners is one of the easiest ways to make big money from real estate that exists.
So, how to find records of these funds, and find their owners? Easy, read the free Hooked On Overages "Insider's Guide." Click here now: http://Hooked-On-Overages.com.
Or, take the free 5-day Overages Video Training. Click here now: http://Hooked-Training.com.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Effective Strategies for Paying Off Your Mortgage Faster
- How Does Equity Release Work?
- Florida First Time Homebuyer: The Indispensable Guide of Tips, Programs, and Resources
- How to Become Debit Free?
- Sellers Concession the Closing Cost Option
- Financing Short Term rentals with DSCR loans
- Why move to Roseville CA
- Simple Interest Mortgage Advantage
- Are Low Doc Commercial Loans available in Australia
- How to Obtain a Rural Agriculture Loan Quickly and Easily
- What is a Caveat Loan?
- Tips for improving your Credit Score before getting a Home Loan
- 3 Things To Look out for With An Equity Release Mortgage
- Manage your Debts by Refinancing your Current Home Loan
- How to Get a Home Loan with Unusual Employment or Income?
- 20 Effective Debt Consolidation Loans Tips with Bad Credit
- Tips for Choosing a Non Conforming Lender
- Why is a Good Credit Rating Important in Australia?
- Most Common Ways That People Fall Into Personal Bankruptcy
- How to Choose a Consumer Credit Counseling Agency?
- Consolidate Your Debts and Take Control of Your Finances
- How to get a Home Loan due to a Bad Credit Report
- Debt Consolidation Home Loans are a Solution to Multiple Debt Problems
- Facts You Should Know About Low Doc Home Loans in Australia
- No Doc Loans from Private Lenders
- Home Loans to Consolidate Debt for People with Bad Credit
- How Can I Get a Mortgage If I Have a Bad Credit History?
- Guidelines to Fix Bad Credit Effectively Through Dispute
- Dealing with Debt – What to know about Debt Consolidation
- Investing In Yourself Before Investing in the Market