Turning Foreclosure Into Fortune with Bob Diamond

November 26, 2025•2 min read

In a recent episode of the REI Hacker Podcast, Benson Juarez sat down with Bob Diamond, a seasoned attorney and entrepreneur, to explore one of real estate’s most overlooked niches—overages. With more than two decades of experience, Bob has built a reputation as a trusted voice in tax and mortgage overages, turning what most people ignore into a profitable business model.

From Attorney to Real Estate Innovator
Bob’s journey from practicing law to building a business around real estate overages is a testament to reinvention. Over the years, he’s coached thousands of students and been featured in national media, establishing himself as an expert at spotting value where others see loss.

What Are Real Estate Overages?
When a property goes through foreclosure whether due to unpaid taxes or a defaulted mortgage it’s often sold at auction. If the sale brings in more than what’s owed, that extra money, called an overage, legally belongs to the former owner. The problem? Most owners don’t know they can claim it. That’s where investors like Bob step in, helping recover those funds while earning a fair return for their efforts.

Challenges and Mindset
Bob is the first to admit this business isn’t without hurdles. “People who’ve gone through foreclosure are stressed out,” he said. “But transparency is the key in most businesses and communication.” Building trust, staying persistent, and keeping the process simple are critical to success in this space.

Building a Business That Helps People
What sets Bob apart is his focus on service. “One of the things that’s cool about the business to me is you’re helping people who really are thrown to the wind,” he explained. That combination of purpose and profit has fueled his success and inspired others to follow his lead.

Final Thoughts
For anyone curious about real estate investing beyond the usual flips and rentals, Bob Diamond’s story is proof that opportunity often hides in plain sight. His formula persistence, honesty, and a genuine desire to help shows that doing good and doing well can go hand in hand.

Stay tuned for more conversations with real estate innovators on the REI Hacker Podcast. Subscribe today to catch every episode.