Unclaimed Surplus Funds thumbnail

Unclaimed Surplus Funds

Published Jan 09, 25
3 min read


It's generally an attorney or a paralegal that you'll end up speaking to (excess funds list). Each county of course desires different information, however in general, if it's an act, they desire the task chain that you have. The most recent one, we really foreclosed so they had actually titled the deed over to us, in that instance we sent the action over to the paralegal.

For circumstances, the one that we're needing to wait 90 days on, they're making certain that nobody else comes in and declares on it - government tax property sales. They would certainly do additional research study, yet they simply have that 90-day duration to make sure that there are no insurance claims once it's closed out. They refine all the papers and ensure every little thing's right, after that they'll send out in the checks to us

Tax Delinquent Property Sale

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One more simply assumed that came to my head and it's occurred as soon as, every currently and after that there's a duration prior to it goes from the tax obligation division to the basic treasury of unclaimed funds (tax overages business). If it's outside a year or 2 years and it hasn't been declared, maybe in the General Treasury Department

Tax Excess: If you need to redeem the tax obligations, take the residential or commercial property back. If it does not offer, you can pay redeemer taxes back in and obtain the property back in a clean title - municipal tax sales.

Once it's authorized, they'll state it's going to be two weeks due to the fact that our audit division has to process it. My preferred one was in Duvall County.

Tax Sale Excess ProceedsTax Lien Certificates List


The areas always respond with stating, you do not require an attorney to load this out. Any individual can load it out as long as you're a representative of the business or the owner of the residential or commercial property, you can fill out the documents out.

Florida seems to be rather contemporary as far as simply scanning them and sending them in. lien properties. Some want faxes which's the most awful since we have to run over to FedEx simply to fax stuff in. That hasn't held true, that's just happened on two areas that I can consider

It probably sold for like $40,000 in the tax obligation sale, yet after they took their tax obligation money out of it, there's around $32,000 left to assert on it. Tax Overages: A great deal of regions are not going to give you any added info unless you ask for it however once you ask for it, they're absolutely helpful at that point.

Tax Sale Foreclosures

They're not going to offer you any type of added info or help you. Back to the Duvall county, that's how I obtained right into a truly great conversation with the legal assistant there. She in fact discussed the entire procedure to me and told me what to ask for. The good news is, she was really practical and walked me via what the process appears like and what to request for. tax owed property sale.

Yeah. It has to do with one-page or 2 pages. It's never ever a poor day when that happens. Other than all the details's online due to the fact that you can just Google it and go to the area web site, like we make use of normally. They have the tax actions and what they spent for it. If they paid $40,000 in the tax obligation sale, there's probably surplus in it.

They're not mosting likely to let it obtain as well high, they're not going to allow it obtain $40,000 in back tax obligations. If you see a $40,000 sale, there are possibly surplus claims therein. That would be it. Tax obligation Excess: Every area does tax repossessions or does foreclosures of some sort, particularly when it concerns real estate tax.

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