The simple answer to this question is “Anyone under 65 who is having trouble paying property tax in Texas”! But, it’s helpful to get a bit more insight into who would benefit from a property tax loan and who you should turn to for professional property tax help.
1. Homeowners Who Have Been Unable to Pay by the End of January Deadline
As a homeowner, you can only qualify for a property tax loan at any time after the bill is due, if you don’t have a mortgage, or if you have a mortgage, any time after the deadline for paying your property tax bill, which is the end of January each year. Once you are considered delinquent, or even before if you don’t have a mortgage, specialists from leading property tax loan companies in Texas can assist you with a fast and affordable solution.
2. Homeowners Facing Property Tax Foreclosure
A tax lien is placed on each home on the first of January every year by the local government. This lien is lifted when your property taxes are paid. However, if they go unpaid past the payment deadline, your local tax office is legally empowered to begin foreclosure proceedings that can result in the property being sold at auction in order to pay delinquent property taxes. If you are facing property tax foreclosure, having a reputable and authorized lender provide you with a comprehensive property tax loan will immediately pay off your outstanding property taxes, penalties, and interest, thereby halting foreclosure proceedings.
3. Business Property Owners With Delinquent Property Taxes
If you own a commercial property, you are also subject to annual property taxes. As with homeowners, failure to pay these taxes by the deadline will leave you delinquent and facing eventual future foreclosure. If you are in this situation, you can qualify for a property tax loan to pay off your taxes, interest, and penalties, preventing foreclosure and further financial penalties.
Before applying for a loan to pay residential or commercial property tax in Texas, it’s essential to do your homework and ensure you are partnering with a reputable and trustworthy loan provider.
The best property tax loan companies in Texas will ensure:
1. Clear Communication
Only work with a lender who is clear and upfront about costs and fees, including late fees and interest rates.
2. Competitive Offering
Reputable lenders are willing to stand by their product. They should be able to compete and offer the best rates and benefits on the market, offering added value like no payments for up to 60 months, interest-only payments, escrow protection, and more.
3. Solid Reputation
It’s important to work with an established company with a reputation to stand on. Ask them how long they’ve been in business, what their rating on the Better Business Bureau is, and get testimonials from past or existing clients. They should also be licensed to provide these lending services and willing to point you to the local tax office if they see you are better served by their tax assistance programs.
4. Fast and Reliable Service
The consequences of delinquent property taxes are severe and it’s important that your lender can act quickly to pay your outstanding taxes, interest, and penalties to prevent further costs or property tax foreclosure.
American Finance and Investment Company, Inc. (AFIC) has been assisting homeowners and business property owners in Texas for over 70 years. We have the highest Better Business Bureau rating and have some of the strongest financial backing in the industry, which ensures our business is viable and will remain so for many years to come. We operate widely across Texas and offer residential property tax loans in all counties, including Harris County, Dallas County, Tarrant County, and Bexar County.
To get help to pay your property taxes and avoid property tax foreclosure, contact us today or get a loan estimate by completing the form below.
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Proudly Serving Austin (Travis County & Williamson County), Dallas (Dallas County), El Paso (El Paso County), Fort Worth (Tarrant County), Houston (Harris County, Fort Bend County, & Montgomery County), the Rio Grande Valley (Mcallen, Phar, Hidalgo County, & Cameron County), San Antonio (Bexar County), Waco (McLennan County) and the rest of Texas with Property Tax Loans.
YOUR TAX OFFICE MAY OFFER DELINQUENT TAX INSTALLMENT PLANS THAT MAY BE LESS COSTLY TO YOU. YOU CAN REQUEST INFORMATION ABOUT THE AVAILABILITY OF THESE PLANS FROM THE TAX OFFICE.
If you are over 64 or disabled, don’t get a property tax loan, contact your tax office about a deferral.
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