| If you're living outside of the U.S., you can still profit | | | | auction overage is rightfully theirs. Obviously, no one is |
| from tax foreclosure auctions. It may seem like a bit of | | | | in a rush to tell them about it, either. |
| a challenge to attend foreclosure auctions, or make | | | | This would be an excellent money-making opportunity |
| bids over the telephone for property you've never | | | | for any U.S. based investor, as well as international real |
| seen (even though, no one can inspect these | | | | estate investors. By providing the service of locating |
| foreclosure properties no matter where they're from | | | | these "excess funds" and helping to return them to |
| prior to wining a bid on it at tax sale). No problem. As | | | | their rightful owners, you may charge a service fee |
| the saying goes, America is the land of plenty, and | | | | anywhere from 30% to 50%. Tax foreclosure auction |
| even if you reside in England, Ireland, Australia or | | | | overages have no limit in terms of dollar amounts, and |
| Japan, it really makes very little difference - there are | | | | can become quite sizable. The owner receives money |
| a number of methods for potential investors to | | | | he never realized he had, and the money-finder (you) |
| generate sufficient profits from the tax foreclosure | | | | receives a healthy compensation in return. It's really a |
| sales happening in the U.S. | | | | win/win situation. |
| When tax foreclosure auctions occur, almost every | | | | An international investor could easily gain access to |
| single property generates an overage - that is, the | | | | these public records (as they are not exclusive to U.S. |
| property bidder bids higher than the taxes owed on | | | | citizens), and get right down to business. Coupled with |
| that property. Most state laws require the return of the | | | | the currently oversold market conditions (and with tax |
| extra money back to the original owner of the | | | | foreclosure on the rise), now is the ideal time for an |
| foreclosed property (this holds true in mortgage | | | | investor outside of the U.S. to make their move. Taking |
| foreclosure situations, also). However, in most cases | | | | advantage of this little known loophole is a perfect |
| foreclosed home owners never realize that the | | | | place to start. |