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Tennessee Motion to Claim Excess Sale Proceeds

Tennessee Motion to Claim Excess Sale Proceeds

Name: Tennessee Motion to Claim Excess Sale Proceeds
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.57 (452 reviews)

Category:

Tennessee Local County - Davidson - Chancery Court

State:

Tennessee

Control #:

TN-SKU-0366

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Description

Motion to Claim Excess Sale Proceeds Tennessee Motion to Claim Excess Sale Proceeds is a motion that is filed by a lien holder in order to collect the excess proceeds from a sale of property, such as a real estate foreclosure or a tax sale. The motion is submitted to the court to determine whether the lien holder is entitled to the excess proceeds. If the court determines that the lien holder is entitled to the excess proceeds, the court will order the distribution of the proceeds to the lien holder. There are two types of Tennessee Motion to Claim Excess Sale Proceeds: Motion for Excess Sale Proceeds Based on a Lien and Motion for Excess Sale Proceeds Based on a Claim of Interest. The former is used when the lien holder seeks to recover the amount of their lien plus interest, while the latter is used when the lien holder seeks to recover a certain amount of equity in the property.

Tennessee Motion to Claim Excess Sale Proceeds is a motion that is filed by a lien holder in order to collect the excess proceeds from a sale of property, such as a real estate foreclosure or a tax sale. The motion is submitted to the court to determine whether the lien holder is entitled to the excess proceeds. If the court determines that the lien holder is entitled to the excess proceeds, the court will order the distribution of the proceeds to the lien holder. There are two types of Tennessee Motion to Claim Excess Sale Proceeds: Motion for Excess Sale Proceeds Based on a Lien and Motion for Excess Sale Proceeds Based on a Claim of Interest. The former is used when the lien holder seeks to recover the amount of their lien plus interest, while the latter is used when the lien holder seeks to recover a certain amount of equity in the property.

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FAQ

Excess proceeds from the sale of tax-defaulted property is defined as any amount that is over the minimum bid price. Parties having an ownership or lien holder interest in the property at the time the property is sold at tax sale have a right to file a claim for any excess proceeds that remain.

Excess Proceeds is the amount of funds remaining after the Treasurer and Tax Collector sells a tax-defaulted property and recovers the taxes, penalties and costs.

Delinquent tax properties are sold only by public auction and will not be sold over the counter. The Clerk & Master's Office does not issue Tax Certificates. Credit Cards are not accepted. Purchase of the properties will not be financed through the Clerk & Master's Office; payment must be made in full.

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.

How to Claim Excess Tax Funds Gather the Required Documents. There are a number of documents that you'll need to gather and submit along with your claim form.Complete the Claim Form. Once you have your documents gathered, you can fill out the claim form.Submit Your Claim.

Redemption Period If the IRS holds a lien on the property, the right of redemption is 120 days from the date of the sale (28 U.S.C.

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Copies of the application or petition must be served on all parties that are listed on the Judgment on the underlying action. How Do I Make A Claim For Excess Proceeds?1. File a Motion: File a Motion before the second anniversary of the sale. (TEX. TAX. Said excess tax sale proceeds rightfully belong to Movant, and Movant is entitled to recover same pursuant to Section 34. 04 of the Texas Property Tax Code. 9. The law provides that a petition must be filed within two years of the sale to recover the excess proceeds. Section 34. 04 governs "Claims for Excess Proceeds. The subject of a tax foreclosure sale in the above-entitled and numbered cause. 4. Beginning with 2021 foreclosure sales and transfers, a person that intends to make a claim for excess sales proceeds must complete.

Tennessee Motion to Claim Excess Sale Proceeds

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What is excess proceeds from tax sale in Tennessee?

What are excess sale proceeds?

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What is excess proceeds from tax sale Tennessee?

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