attorney who interplead for excess funds in cobb county georgia

What does the Cobb County tax commissioner's office do?

PO Box 649 • Marietta, GA 30061 (770) 528-8623 COBB COUNTY TAX COMMISSIONER [email protected] www.cobbtax.org CARLA JACKSON Tax Commissioner HEATHER WALKER Chief Deputy R 08/27/20 AL COBB COUNTY EXCESS FUNDS REQUEST To be eligible to request/receive Excess Funds you must be one of the following: the legal owner, a lien holder, …

How are excess funds from a tax sale distributed in Georgia?

Jun 26, 2018 · Georgia statutory law, in O.C.G.A. § 48-4-5, describes the process of disbursing excess tax sale funds. If there are any excess funds after paying taxes, costs, and all expenses, within 30 days of the tax sale, written notice is sent by first-class U.S. Mail to the following parties: (1) the owner of the property (delinquent taxpayer), (2) security deed holder, and (3) parties …

Does Cobb County sell tax liens or tax lien certificates?

Owner Parcel ID: Excess Funds 6/6/2017: Causey, Norman and Trudie Bobbie Allison Construction Co Inc 19-1283-0-009-0: $8.81 12/5/2017: Deed Co LLC Amy L West: 19-1294-0-017-0 $1,223.65: 5/1/2018 Deed Co LLC: John Williams Realty and Property 16-0520-0-004-0 $64,138.07: 5/1/2018 Deed Co LLC: Brown Cynthia M Estate of 16-0592-0-038-0: $98,827.79

Does Paulding County accept excess funds claims?

Please note the following when applying for excess funds: The Tax Commissioner's Office will not accept applications from third parties, other than from attorneys licensed to practice law in Georgia. The Tax Commissioner's Office does not recognize applications from asset recovery firms or non-attorneys who purport to represent claimants.

How do I claim excess money in Georgia?

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 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.

What are excess funds?

Excess Funds are funds that are remaining after paying taxes, costs, and all expenses of a tax sale made by the Tax Commissioner. These funds are held in escrow and are available to the entitled parties in the order of priority in which their interest exists.

How long can you go without paying property taxes in Georgia?

If you don't pay the tax lien off within 12 months in Georgia, then the lienholder has the right to foreclose on the property and receive title and you lose ownership of the property.Nov 17, 2019

Who can claim surplus money?

You may be entitled to share in the surplus if you are a beneficiary of a family member that previously belonged to a retirement fund. "If you were a member of one or more pension or provident funds during your working career, you may be due for a windfall.Oct 10, 2019

Who is entitled to excess funds?

If the mortgage holder receives more money from the sale than what the borrower owed on the property, the former property owner is entitled to receive these surplus funds.Oct 31, 2021

What is a tax sale 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 you calculate surplus funds?

Add the total amount in eligible liabilities, which typically include security deposits, prepaid rent, mortgage principal and sometimes escrow payments. Subtract your liabilities from cash. Any positive amount left over is surplus cash, and may be earmarked for residual receipts.

What is a tax sale surplus?

Typically, the highest bidder wins at a tax sale, and occasionally the amount paid by the highest bidder exceeds the amount of taxes due on the property he purchased. When this happens, the difference between the amount of taxes due and the price paid at auction is called a tax sale surplus.

Who is exempt from paying property taxes in Georgia?

Every homeowner who lives in the home and applies will receive the standard homestead exemption. A homeowner 65-years-old or older who applies may receive the double homestead exemption. This exempts up to $4,000 of the assessed value of the home from state and county property taxes. Property Tax Deferral.

What is a redeemable deed in Georgia?

Anytime that you have a situation in Georgia, you're going to have a redeemable deed. That means they can come in, pay all the money that you invested. And depending upon when they pay you, you're going to get a 20% return, 30% return, 40%. You can go all the way up to 50%.

What county in Georgia has the highest property taxes?

Fulton CountyResidents of Fulton County pay highest average property taxes in Georgia. (The Center Square) – Fulton County residents on average paid $2,901 annually in property taxes, the highest such tax levies among all regions of Georgia, according to a new Tax Foundation analysis.Nov 16, 2020

Excess Funds

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.

Excess Funds Procedure

Note: Paulding County accepts excess funds claims from claimants or their attorneys at law. Paulding County does not accept claims from third parties.