The Texas Property Tax Lienholders Association (TPTLA), a statewide alliance of companies that advance and protect the profession of property tax lending, recently launched its new and improved website. The redesigned site features easy to use navigation and educational information related to property tax lending.
The twenty member companies that make up the TPTLA are committed to upholding high standards of ethical conduct and operating in accordance with all applicable federal laws, state laws, and administrative rules. The goal of the TPTLA is to raise awareness of property tax loans and promote high standards of behavior among its members. The member companies originated $125 million of tax lien transfers in 2009, and appear to have originated nearly 80% of all transfers in 2010.
Pick the Right Lender when you need a Property Tax Loan
If you are considering a property tax loan, at a minimum make sure you are working with a TPLTA member company. It is also recommended you review not only the lender’s Better Business Bureau rating, but also the number of complaints recorded against that company. If you are really doing your homework, you should inquire about their fees for past due payments, past due collection policies, and even ask the lender how many foreclosures they’ve completed.
With a little extra time and effort on the front end you can find the right lender for your needs. Of most importance is to work with someone you trust who will take the time to fully explain the tax loan process and who will give you honest advice about whether a property tax loan is the right solution for you.