If you're a money finder dying to learn how to make finders fees on overages, you've hit upon the best little niche in the entire money finding industry.
With the current rate of foreclosure, real estate overages are being created daily across the country for staggering amounts.
There's never been a better time to get into the found money business.
Here's how to make finders fees on overages.
First, obtain lists of overages from the agencies conducting the foreclosure sales.
There is no one central agency to contact, unfortunately, like the State Unclaimed Funds Division - this agency will be different state to state, county to county.
So the first task is to find the agency, and then find the list.
Second, locate the missing owner of the funds.
There are various ways to do this.
Hire a skiptracer, search them online, talk to their old neighbors.
Whatever you have to do, locate that owner and get in contact with them.
Next, convince them to pay you a percentage of the money you've found in exchange for your information and assistance.
Obviously, you have to keep the source of the funds a secret, or they won't need you anymore and will probably try to collect the money themselves without paying you.
Finally, find out what the agency needs in order to be able to release the money.
Sometimes there is a form filled out, sometimes you need to write a letter, sometimes they need a photo ID copy from the claimant him or herself.
It all depends on the individual agency.
Submit your claim and get paid! Anyone who really wants to learn the art of overages can do it.
And because these owners will likely lose their money at some point if not alerted to its presence, it's a feel-good job as well.