From
3volvedmedia.com
Email Address
hilary@3volvedmedia.com
Sent On
Sat, Aug 24, 2019 06:33 PM
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Don't get me wrong, the hedge funds have a LOT of power in the market place. They have literally cut
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Don't get me wrong, the hedge funds have a LOT of
power in the market place. They have literally cut the
legs out from under most investors in major markets
but ... all they care about is getting that house at any
cost ...
What they don't know is that after they acquire the
house at a ridiculous price OVER the opening bid
they are creating what is called an excess proceed
or a surplus fund or an overage (all the same thing).
[Check it out here.](
You see, auctions start their opening bids at what
is owed in property tax or to the lien holder. Here
comes the competition with their bidding war just
to get A deal and then here come the hedge funds
to get ALL the deals.
Once the property taxes are satisfied with the government
or the lien to the mortgage company, the rest of that
money is quietly put in a bank account where it sits
until the former owner calls and asks for it.
So next time you are at the auction and see how high
the bid gets, you will know there is money left over that
ANYONE can claim on behalf of the original owner and
you can make handsome finder's fees.
[Here are all the details.](
Stacy
PS- while they walk out all smug, you can be smug too
because you are still going to make money AND no rehab,
no agents, no buyers, no contractors or money down!!!
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3volved Media, 3550 Lakeline Blvd., Ste. 170-1416, Leander, TX 78641, United States
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