Why are there so many Property Tax Lenders?

Published by Tech Team on June 24th, 2013 - in Loans, Taxes

Over the past decade we’ve seen an explosion of new property tax lenders.  If you are delinquent on your property taxes, you have probably already received a dozen offers from tax lenders.

What is known about Property Tax Lenders

The CPPP published an article back in 2007 about property tax lending. The article explains how tax lenders operate and that there are alternatives.

Summary

In general, a tax loan in Texas is a super superior lien. This means that even if you have a mortgage on your house, the tax lender can foreclose and your mortgage lender has to either pay off the tax lien to retain the property or forfeit their lien on the property.

With all the financial stress in the country right now, many small groups of investors have moved to tax lending as a secure and very low risk way to invest their money.

Need a Property Tax Loan?

If you’ve tried the options that local counties provide and still find yourself needing a loan, our team at Texas Property Tax Loans is very knowledgeable and can help you get a loan for your specific needs.

© 2013 FYP, LLC.