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If a property is sold at tax sale and the bid amount is greater than the total taxes, assessments, penalties, and costs due, the resulting excess funds are held in escrow and known as "Overage".
Is SC a tax lien or tax deed state?
South Carolina is a Tax Deed State.
How do I find tax delinquent properties in my area?
Ask your county treasurer for the tax delinquent list. Determine the cost \u2013 could be free, or up to $500. Mail a check to the treasurer's office with a letter of instruction. Receive the list in the method you choose (email, mail, CD-ROM, etc.)
What is an overage claim?
Surplus funds, also referred to as overage or excess funds, are the funds remaining after a mortgage is paid through the final judgment of a foreclosure auction. The trustee appointed in the foreclosure auction is responsible for disbursing the funds without charging additional fees.
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There is no cost to you to claim overage funds. If you have any questions, please contact Delinquent Tax at 803-245-3009. DELINQUENT TAX DISCLAIMER. The ...
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