The real estate industry is a great industry to get into. Sometimes selling real estate as an agent or broker is a very lucrative direction to head in; if you’re in the right place, you always are, but unfortunately, right now, things aren’t so bright when it comes to selling homes. . Where the big money is made is in the field of taxes and foreclosure, and there are plenty of opportunities there for anyone looking for a new career in real estate.
When foreclosure or tax auctions are held, the property is usually sold to the highest bidder. If, say, the government was owed $5,000 in back taxes on the property, and a bidder went to the auction and paid $20,000 to purchase the property, then a surplus of $15,000 is created owed to the original owner (tax debtor).
What’s amazing is that these homeowners often don’t realize they are owed the money. They may get a notice at their old address, but few of them still live there. Many have left, and have been for several years. Many just want to forget that it all happened. And so your money stays in the hands of the government for a few years, and after that the law says that the government can legally keep it. In many cases, the owners have no recourse after that point.
So are you looking for a career in real estate? Get these owners back on the hook with their missing funds and charge 30-50% for their information and assistance. It’s legal: these funds fall outside of the laws governing unclaimed state funds, and with the number of foreclosures occurring in today’s economy, without more people becoming surplus recovery specialists, the government will lose literally thousands billions of dollars in the coming decades. And since this job can be done from anywhere in the world—it can all be done from your home office—there really is no better time to consider this real estate career change.