Archive for the ‘Loans’ Category

3 reasons to get a property tax loan

Published by Research Editor on September 3rd, 2011 - in Loans, The Basics
1. Avoid hefty fines, foreclosure, and lawsuits.
See our previous article for more on these dire consequenses that begin the instant you are unable to pay your property taxes on time.

2. Save yourself from the stress of delinquency.
Stress, of course, can cause all sorts of health problems, which will only increase your stress. Eliminate the vicious cycle by getting a tax loan, taking a deep breath, then addressing the underlying causes.

3. Buy yourself some time.
Get your property taxes paid, then take a breath so you can rationally and calmly reassess your financial situation, without worrying about the penalties, fines, and fees that would otherwise be stacking up.

If delinquency is looming over you this year consider a property tax loan through a good lender.

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Your Lender’s Associations

Published by Research Editor on August 2nd, 2011 - in Loans

When choosing a property tax loan lender, be sure that the lender you choose is ethical and will treat you well.

How do you know?

One way is to look at the organizations and associations the company belongs to. For example, members of the Texas Property Tax Lienholders Association agree to follow a code of conduct and responsibility, which includes:

  • Conduct business honestly, honorably, and with integrity
  • Keep non-public information confidential
  • Respect rights of property owners.
  • Be fair and reasonable to property owners.
  • Never engage in predatory lending practices.

Sounds fantastic, doesn’t it? Should this list appeal to you, the Texas Property Tax Lienholders Association provides a list of member companies that can aid you in your search for  a property tax loan lender.

Remember to always look at your lending company carefully. Even if a company has pledged to follow the code of conduct, enforcement is voluntary.

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Understanding Property Taxes in 3 Easy Steps

Published by Research Editor on July 28th, 2011 - in Loans, Taxes, The Basics

What are property taxes?

Local governments are funded by property taxes, which pay for everything from schools and streets to police and fire departments. Since we don’t have income taxes in Texas (yay!), sales tax and property tax are what funds our governing bodies.

Property tax is a tax on the value on things you own, especially land. It’s a local tax: local officials decide how valuable your property is, the local government sets the tax rates, and it’s up to the local authorities to collect on the taxes.

There are different ways of deciding how valuable your property is, but most often the local officials decide based on the current market value of similar properties.

What are property tax loans?

A lien is attached to your property each year until you pay your property tax. This means if you don’t pay your taxes, the government can foreclose on your property. Makes paying your taxes pretty important.

But, of course, life happens and sometimes a person is unable to pay their taxes for the current year. A property tax loan is a loan that pays your complete tax obligation, including interest, penalties, costs, and fees.

Property tax loans cover any type of taxable real estate: residential, commercial, investment property, undeveloped land, and developed land.

In addition to paying current taxes, a property tax loan can pay off delinquent taxes and the associated costs and fees.

What about me?

Do I need a property tax loan? Should I apply for one?

If you have delinquent taxes–or if the threat of delinquency is looming over you this year–very seriously consider getting a tax loan to avoid foreclosure, lawsuit, and other penalties that stack up quickly.

Texas Property Tax Loans will serve your needs extremely well, should you need a property tax loan.

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