Alex How do I claim excess money in Georgia?
If you wish to submit a claim for such funds, you are required to make a written request to the Richmond County Tax Commissioner, using the Excess Fund Request Form. Please contact the Office of the Tax Commissioner at (706) 821-2391 with any questions.
What are tax excess funds?
Excess proceeds from the sale of tax-defaulted property is defined as any amount that is more than $150 after tax and assessment liens, fees and costs of the sale have been satisfied.
How do I claim surplus from foreclosure in Georgia?
There is a procedure for claiming excess funds. What you must do is submit a written claim to the excess funds to the Tax Commissioner in the county where the property exists. The general procedure is for the excess funds to be distributed in order of claim priority.
How long is the redemption period in GA?
12-month
How to Redeem the Property After a Georgia Tax Sale. After the tax sale, you get a 12-month redemption period during which you may reimburse the purchaser for the amount paid at the sale, plus other amounts, and reclaim your home.
Are tax sale overages real?
An overage exists when the winning bid amount for a property sold at tax sale exceeds the minimum bid. If the property is titled to the successful bidder, the owner of record at the time the redemption period ends is entitled to the overage in accordance with South Carolina State Statute 12-51-130.
How do you get surplus funds?
Trustees forward surplus funds to the state’s unclaimed property division if they’re not able to contact the prior homeowner(s). Californians may inquire about unclaimed surplus funds with the California State Controller at 1 (800) 992-4647. Remember: prior homeowners are notified of possible surplus funds via mail.
When to pay over excess funds in Georgia?
After five years have elapsed from the tax sale date, the Tax Commissioner shall pay over to the Georgia Department of Revenue’s Unclaimed Property Division any excess unclaimed funds for which no action or proceeding is pending in a claim for payment.
What are excess tax sale funds in Georgia?
Under Georgia law, a tax commissioner holds excess funds generated by a tax sale in a fiduciary capacity.
How long do excess funds last in Paulding County GA?
View Excess Funds List (PDF); Note: Excess funds will be maintained for five (5) years from the date of sale pursuant to O.C.G.A. § 48-4-5 (c) before being turned over to the Georgia Department of Revenue, Unclaimed Property Division. Note: Paulding County accepts excess funds claims from claimants or their attorneys at law.
How does Athens Clarke County release excess funds?
The Tax Commissioner’s Office will only release excess proceeds to a claimant or a claimant’s attorney. After reviewing an application, the Tax Commissioner’s Office may request additional information or documentation.
Under Georgia law, a tax commissioner holds excess funds generated by a tax sale in a fiduciary capacity.
How are excess funds disbursed in Gwinnett County?
When deemed appropriate, excess funds claims are submitted to the Gwinnett County Law Department for review and research before funds are disbursed. If more than one claim is received, a judge may determine who will receive the funds.
Who is entitled to excess funds from a tax sale?
Per O.C.G.A. § 48-4-5, excess funds may be claimed by the record owner of the property at the time of the tax sale, by the record owner of each security deed affecting the property, and by any other party having any recorded equity interest or claim in such property at the time of the tax sale.
How to bid on Fulton County tax sale?
Bidders must register each month for the Tax Sale. Winning Bidder- Upon the conclusion of the Tax Sale, the winning bidder will come back within 1 hour to 185 Central Ave. SW TG500 Atlanta, GA 30303 to receive their total amount due to Fulton County Sheriff’s Office. Winning Bidder must pay by 4 pm on the 1st Tuesday of the month.