Finding Unclaimed Funds For Finder"s Fees - How to Avoid Finder"s Fee Caps
Finding unclaimed funds for finder's fees is a rapidly growing niche business that just about anyone can get into.
But if you work the wrong funds, you'll be limited to taking a 5-15% fee on whatever you can collect.
That's not much to write home about.
Finding unclaimed funds without finder's fees is possible, however - but only if you know this one huge insider tip.
Let's get right to the tip: don't work state funds.
The state is the one that imposes these finder's fee caps.
They try to make finding unclaimed funds a very undesirable business to be in - because they're the ones holding the money.
There are a couple of other reasons state funds are bad, as well.
They're often for low amounts - a $100 forgotten savings account here, $150 in stock dividends there - making working for even 15% a waste of time.
Not only that, but they're publicly advertised.
Anyone can go to their state's website and enter their name to see if they've got any unclaimed funds.
Finding unclaimed funds is only hugely profitable when you work funds that you can charge 30-50% on...
and they need to be large sums of money.
Well, guess what? There are lots of large sums of money being held outside the state level: real estate overages, like mortgage foreclosure overages and tax sale overages.
These funds run into the many tens of thousands of dollars - and as you might guess, there are a LOT of them right now with all the foreclosures happening.
And yes - in most states, because they are not being held by a state agency, they are not subject to those state laws regarding finder's fees.
This means you can legally charge 30-50% - a much more reasonable amount for the time and effort you put in to finding the claimant and helping him collect.
And it's so easy, anyone can do it.
If you can find overages, find their owners, and connect the two, you can make $5,000 or more per successful claim.
If you're the average American, you'd only have to do one claim a month to make double your income.
Not bad for a business that can be run entirely out of your home (in your underwear, if you like).
There's never been a better time to get involved in this business, and it's pretty easy to get started even if you don't have a lot of cash in the bank.
But if you work the wrong funds, you'll be limited to taking a 5-15% fee on whatever you can collect.
That's not much to write home about.
Finding unclaimed funds without finder's fees is possible, however - but only if you know this one huge insider tip.
Let's get right to the tip: don't work state funds.
The state is the one that imposes these finder's fee caps.
They try to make finding unclaimed funds a very undesirable business to be in - because they're the ones holding the money.
There are a couple of other reasons state funds are bad, as well.
They're often for low amounts - a $100 forgotten savings account here, $150 in stock dividends there - making working for even 15% a waste of time.
Not only that, but they're publicly advertised.
Anyone can go to their state's website and enter their name to see if they've got any unclaimed funds.
Finding unclaimed funds is only hugely profitable when you work funds that you can charge 30-50% on...
and they need to be large sums of money.
Well, guess what? There are lots of large sums of money being held outside the state level: real estate overages, like mortgage foreclosure overages and tax sale overages.
These funds run into the many tens of thousands of dollars - and as you might guess, there are a LOT of them right now with all the foreclosures happening.
And yes - in most states, because they are not being held by a state agency, they are not subject to those state laws regarding finder's fees.
This means you can legally charge 30-50% - a much more reasonable amount for the time and effort you put in to finding the claimant and helping him collect.
And it's so easy, anyone can do it.
If you can find overages, find their owners, and connect the two, you can make $5,000 or more per successful claim.
If you're the average American, you'd only have to do one claim a month to make double your income.
Not bad for a business that can be run entirely out of your home (in your underwear, if you like).
There's never been a better time to get involved in this business, and it's pretty easy to get started even if you don't have a lot of cash in the bank.
Source...