User: Password:
   Keep me logged in.
Register  |  I forgot my password
The Home Business Directory  - Article Details

Some Professional Unclaimed Money Finders Are Making a Killing on These Unknown Funds

If you're working the unclaimed money business and aren't working real estate overages, you're missing out on a monster source of income. A few professional unclaimed money finders have figured out a legal loophole to collect these funds for up to 50% finder's fees and are quietly making a killing.

Real estate overages usually arise from the sale of property for back taxes, or at sheriff's sale on delinquent mortgages. If a bidder at either auction bids more than the owner owes, the difference is usually owed back to the owner. But you never see those overages as part of the list of unclaimed funds you'll get from the state. Why?

Well, unlike state funds, the government is not usually required to hold these funds for long - they "escheat." They're also often for big amounts, and generally aren't held by the State Unclaimed Funds Division. Thus, unless you know about them, professional unclaimed money finders will never hear about them. The government doesn't want you to work them, and they don't want owners to figure out they can collect them.

But there is a legal loophole that allows professional unclaimed money finders to work these funds and collect up to 50%. Because the funds aren't held at the state level, they aren't subject to the same finder's fee limitations as those that are. In fact, in mose places, they aren't subject to any restrictions, at all.

What this means for you is that if you can find the records of these funds and locate their owners, you can easily start making five figures per successful claim. Needless to say, the owners need this service desperately - an unfortunate number of them never find out in time, and lose all their money - often tens of thousands of dollars - permanently.

Because of the sky-high foreclosure rate right now, professional unclaimed money finders are really in demand (even if these owners don't know it). Whether you're already working the unclaimed money business or not, if you're interested in keeping taxpayer money out of the government's hands while making a very nice income yourself, there's never been a better time to break into the field.

The current foreclosure rate won't last forever - take advantage of it now.

Click here now to grab the free "Insider's Guide" to tax sale overage recovery.

http://Hooked-On-Overages.com is currently the only place on the web for overages recovery training.

Ms. Dawson is a Chicago area real estate investor.

More...