Would you put your trust into anyone to handle the property taxes on your biggest investment? Definitely not! If you require a property tax loan, you should have some idea of who you can put your trust into. 

The property tax loan process allows a property tax lender to pay your property taxes in full while offering a repayment plan that fits your needs. This process also requires the tax collector to do a tax lien transfer to the company that is paying the property taxes. The tax collector places a lien on your property on January 1st of every year. If you allow a property tax lender to pay your taxes, the tax lien is transferred to that lender. 

The tax lien on your property is a form of security for getting the taxes paid whether it is directly to the tax collector or to a property tax lender. Suppose you do not pay the property taxes as promised, the property can be foreclosed on and will be auctioned at a public auction. The proceeds from the sale will be used to pay the delinquent taxes to the county or repay the loan to the property tax lender. 

You might be thinking, if both the county and a property tax lender can foreclose on my property, why should I get a property tax loan. The answer is simple, a property tax lender, such as Ovation Lending, provides more time and flexibility to pay your property taxes while avoiding foreclosure. We can provide a manageable plan that allows you to pay your taxes over a 10-year period, if necessary. 

Not all property tax lending companies in Texas are the same. You must be cautious with the cost of the loan, interest rate, and business practices of the company you choose. Here are some things to consider in choosing a property tax lender.

Before you choose the property tax lender, you should have the answers ready for the following questions.

  • Will they help you in the future?
  • What is their Late Payment Policy?
  • Do they service their loans?
  • Will they help you decide if a loan is the best option for you?
  • Is the organization a member of the Better Business Bureau, and what is their rating?
  • Will they customize the loan for your circumstances?
  • Can they help with heirship issues?
  • Do the Loan Officers with the organization all have an NMLS license?
  • Are they accredited by the Office of Consumer Credit Commissioner of the State of Texas (OCCC)?

Ovation Lending has served many Texas property owners just like you pay their penalties, interest, taxes, and lawsuit expenses. Our mission is simple, we are committed to helping hardworking Texans keep their homes and commercial property. This is the foundation on which we have built our company that now focuses on helping property owners around the state. Call us or apply here to find out if Ovation is the right property tax lender for you. 877-419-7392

Tagged: Property tax lenders, Property Tax Loan in Texas, property tax loans, Property taxes, Texas Commercial Property Tax Loans