Diamond in the Rough System?

[Carla Chu]

Hello,

Does anybody have any experience with this system? Opinions? Anything helps, thanks!
-Carla

[Kenneth Sesley]

Here is what you will run into before you can act as an agent for those who are owed money. The counties have made sure that you have to disclose where the overage is and the exact amount, and that they don't need you to act as their agent, thus rendering you useless to the former homeowner. Here is an example taken right off the San Diego Tax Collectors website. Riverside County's is similar....

"A party of interest in the property that was sold at tax sale may assign his or her right to claim excess proceeds only be a dated, written instrument that explicitly states that the right to claim to claim excess proceeds is being assigned, and only after each party to the proposed assignment has disclosed to each other party all facts relating to the value of the right that is being assigned. Any assignment that does not comply with these requirements shall have no effect. Any person or entity who in any way acts on behalf of, or in place of, any party of interest with respect to filing a claim for excess proceeds shall submit proof with the claim that the amount of excess proceeds has been disclosed to the party of interest and that the party of interest has been advised of their right to claim excess proceeds on their own behalf. If you prefer to have an agent file your claim for you, or if you should decide to sell your claim, an "Assignment" must be completed and submitted in addition to the Claim for Excess Proceeds."

So you are wasting your time (AND MONEY) purchasing the Bob Diamond course or any other course on Property Tax Overages. A word to the wise is sufficient.