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Property Tax Funding Blog

Delinquent Property Tax Loans – A Quick and Easy Solution

Posted by Matt Longhofer on Mon, May 21, 2012 @ 15:05 PM

Past Due Property Tax

It could have been an unforeseen expense, or maybe the loss of a job, or was it just a budgeting oversight that prevented you from paying your property taxes?  Regardless of the reason, you are not alone.  Today there are several hundred thousand Texans that are behind on their property taxes.  Fortunately, delinquent property tax loans offer a quick and convenient solution for past due property taxes.  loans for delinquent property taxes

Ignoring your unpaid property taxes is the worst thing you can do.  Allowing tax assessor penalties to continue to accrue will make digging out of the hole even tougher.  If left unpaid, interest and penalties on these taxes can go up to 48% in the first year alone!  This figure starts to go up immediately after the deadline, on January 31st, and increases every month until the taxes are paid.  Leaving your taxes delinquent also opens you up to lawsuits under the Texas Tax Code, which can ultimately lead to the foreclosure of your home.  To help this situation, loans for delinquent property taxes are available to owners of all kinds of properties including residential, commercial, investment and even raw land.

Loans for Delinquent Property Taxes

Delinquent property tax loans are easy to qualify for and can be processed quickly; normally in just a few days from time of application.  Credit checks are not required to qualify, but there are a few conditions that must be met.  The individual taking out the loan must be the property owner and not currently in bankruptcy.  The property must be in Texas and be in good condition.  Some lenders require a minimum appraised value and will only approve loans on properties that exceed that minimum value.  Once the loan is approved, it can only be used for paying past due property taxes.  This comes in handy when you need a large sum but just do not have that amount of liquid cash.  Property tax loans are affordable and have flexible terms. The terms and repayment schedules are designed to fit into your budget.  They are payable over a period of 3, 5, 7 or as much as 10 year terms, with no prepayment penalty for residential properties. 

In this difficult economy many property owners have fallen behind on their property taxes. Unfortunately, these unpaid taxes fetch high fees and penalties from the tax assessors.  To avoid the potential risks that come with delinquent taxes, delinquent property tax loans are an excellent solution.  Qualifying is easy and past credit issues are not a problem.  With low monthly payments and zero down closings you’ll be amazed at how easy it is to solve your tax problem.  Call Property Tax Funding at 877-776-7391 to get help today.     


Topics: Delinquent Property Tax Loans

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