If you've just heard about the huge finder's fees you can make from home collecting overages, your next question is likely "which counties have tax sale and mortgage foreclosure overages?" The answer? All of them! While only about half of the states in America have tax sale overages, all states have mortgage foreclosure overages.
This is due to the state law in each individual state.
While some states dictate (quite unfairly, if you think about it) that tax sale money goes directly into the state general fund or school fund, no states have found it legal to demand the same of mortgage foreclosure overages.
So collecting overages is fair game in every state in the U.
S.
No matter what county you approach, they all legally have to, at least, return mortgage foreclosure overages to their rightful owners, subject, of course, to other lienholders that have priority over the owners.
That being said, not all counties actually have tax sales and sheriff's sales.
Very small counties often don't have any citizens who are in foreclosure or are delinquent on their taxes.
In other places, you'll find that where you thought a county would be holding overages, that they actually practice their own "laws" there, and sell properties for the exact amounts owed via a lottery type system.
So it can be hit or miss.
While there are many gems to be found in those little places - simply due to the fact that they are less worked due to less opportunity - the best thing to do is to stick to medium sized counties to ensure that they will have at least some funds for you to work.
If you're still trying to decide which funds to work as you start out, you'd be best off going with tax foreclosure overages in the beginning.
Since most properties that make it all the way through tax sale are free and clear, you'll less frequently find funds encumbered by other liens this way - and they are also much less complicated to collect, rarely requiring the involvement of an attorney.