Finding Missing Heirs Can Generate You Huge Finder Fees
Article by Maggie Dawson
If you’re looking to start a home-based business, consider getting into the found money business – specifically, locating missing heirs that have huge sums of money coming to them. Sound like a longshot? There are literally billions of dollars of these and other lost and unclaimed funds sitting in the government coffers – as well as millions more being created by a variety of circumstances every day.
We’re not talking worth of forgotten savings account money or stock dividends. We’re talking tens of thousands of dollars in money that was created after someone’s death, or that was easily missed by lawyers during the probate process because the deceased’s missing heirs were unaware of it. It happens every day, and you or anyone can find these funds. They’re all a matter of public record!
Professional money finders locate missing heirs and alert them to the existence of these funds, which are almost always being held by the government and at risk of escheatment. This means that the government is only legally required to hold funds for people for a specified period of time, after which the funds are lost permanently to the government.
Often these funds come from property the missing heirs didn’t know the deceased owned, or from a property going through tax sale or mortgage foreclosure after the owner dies and stops paying. These are very easily missed during the probate process and often happen years after the will has been settled (since it can often take many years for a property to actually get through the foreclosure process). So it’s easy to imagine how many of these funds are being created daily – especially with the foreclosure rate what it is in the current economy.
Missing heirs are the best type of “found money” client to work with. Working with tax sale and mortgage foreclosure clients is fine too, but missing heirs are almost always clueless about the source of money they’re entitled to, and happy to work with someone like you, even for a 30-50% finder’s fee (standard in the industry). And what’s better than making someone’s day by letting them know they have 10, 20, even 100 thousand dollars owed to them? It’s a great job.
About the Author
It’s key to understand how to approach claimants so they can’t avoid your fee. Read the *free* Hooked On Overages “Insider’s Guide” Click here now: http://Tax-Sale-Overages.com.
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