{"id":12797,"date":"2021-11-29T02:21:20","date_gmt":"2021-11-29T02:21:20","guid":{"rendered":"https:\/\/www.taxauctionsurplus.com\/Florida\/?page_id=12797&preview_id=12797"},"modified":"2024-08-06T22:14:58","modified_gmt":"2024-08-07T02:14:58","slug":"07-researching-who-is-owed-the-overbid-amount","status":"publish","type":"page","link":"https:\/\/www.taxauctionsurplus.com\/Florida\/free-tax-deed-surplus-course\/07-researching-who-is-owed-the-overbid-amount\/","title":{"rendered":"07"},"content":{"rendered":"

Researching who is owed the overbid amount<\/span><\/h3>\n

As stated previously about the terminology, \u201cOverbid\u201d is the amount above the starting bid amount. This does not mean it is the actual surplus available to the previous owner of the property.<\/span><\/p>\n

First, we want to say that you do not have to limit yourself to assisting the previous owner make a claim. There are plenty of superior lien holders who lose out on claiming any of the overbid because wither they do not know about it (there are a LOT of Tax Deed Auctions, every day, in every county) or they put in a claim too late. You are free to locate the lien holders and offer assistance to them as well.<\/span><\/p>\n

The first money that comes out of the overbid is any money due to the county and city (City Fees, etc) – IF THEY PUT IN A CLAIM<\/strong><\/span><\/p>\n

Next, there are Superior lien holders to consider:\u00a0 Mortgage Holder, IRS, Judgement against the property, Mechanic Liens, Home Owners Associations Fees.<\/span><\/p>\n

These lien holders typically have 120 days to put a claim in, which is why counties will not do a thing with a claim from a previous owner until 120 days after the date of the sale. These \u2018superior lien holders\u2019 are given a chance to get their claim in on time.<\/span><\/p>\n

If you are assisting the previous owner, it\u2019s HIGHLY suggested you do not wait the 120 days however. Just because the clerk of court will not process your claim until after 120 days, does not mean you shouldn\u2019t get it filed.<\/span><\/p>\n

A lot of properties that sell through tax deed auctions are paid off, have no mortgage, owe no fees, etc and the overbid is 100% owed to the previous owner.<\/span><\/p>\n

Using the Parcel Number of any Tax Deed Sale will show you who the owner was on the date of the sale<\/span> (before the sale), so it is not difficult to find out who they are.<\/span><\/p>\n

Our County Courses will show you where and how to find the owner of every tax deed going to auction<\/span><\/strong><\/p>\n

The Surplus Lists that we provide on Tax Auction Surplus Website<\/span><\/span><\/a>\u00a0already contain the Owners Name and Mailing Address so that gives you a jump start on locating them.<\/span><\/strong><\/p>\n

\n

08 \u2013 You found overbids and the person owed\u2026 Now what?<\/a><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"

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