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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".
South Carolina is a Tax Deed State.
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.)
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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