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Updated about 2 years ago on . Most recent reply
![Andre Johnson's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/181455/1621431476-avatar-ajohnso9.jpg?twic=v1/output=image/cover=128x128&v=2)
Tax Overages
Anyone know if this tax Overages program with Rick Dawson and Bob Diamond is for real or legit? Thinking about adding this to my portfolio just want to make sure i'm not being scammed with this.
Thanks
Andre
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like most things when dealing with government when they have money in their possession they don't want to give it up, they want to keep it, even though it isn't theirs. I
example is California tax sale overages, note I don't know the current law, they had a chance for the ex-owner to claim overages for one year. Of course those that even knew there was a tax sale didn't know about any possible overage, they just thought the property was gone and that was that, and the counties were not going to hunt them down and tell them, so after one year they got to keep the money. And that was fair because they wanted the money to help some poor politician out that had to drive a two year old car and needed a raise to cover a new one, or some other worthy public need.
I did this for several years as a side activity and one day a county supervisor said to me, do you know how much your costing the county each year? Of course I knew a ton about him and said not as much as that feather bedding wife of yours. I knew her office second in command and if his wife even showed up at all in her department to head it, it probably didn't add up to 18 days a year.
Any way most states passed laws to limit finders fees to help keep the money in their coffers. The official bs was we are saving consumers from being abused by finders. The real fact is they get to keep the money because the real owner is very unlikely to ever find out about it without a finder showing up. .But I bypassed those laws by actually buying the rights to the money. The actual owner could get his money now, It is theirs and they have a right to sell their rights to it. And I upset some treasurers that viewed these kinds of moneys as government slush funds.
One person I knew in Washington state just used to send a postcard saying you have X dollars due you. I will tell you where it is for 5% of the amount you have coming, save this card because I won't ask again and many sources of funds due people have time limits to collect or you lose the money. The state had a 5% finders limit at the time and