The Advantages of Property Tax Lenders Dallas

Homeowners are required to pay property taxes. If they do not, many unpleasant consequences may result. Most people do not refuse to pay their property taxes on a whim. They are experiencing financial difficulties, but not paying their property taxes can lead to even greater financial hardship. This unpleasant reality can be avoided if people look to property tax lenders Dallas before they lose their homes.

Penalties for Delinquent Property Taxes

How would Dallas residents lose their homes if they do not pay their property taxes? If property taxes go unpaid, the authorities can add monetary penalties to the balance. The due date for property taxes is January 31, and this date arrives in three weeks. If homeowners do not pay their property taxes on time, they will be charged an extra seven percent. If the bill remains unpaid, the county charges an interest rate of two percent every month.

Those who do not manage to pay their property tax bill before June 30 will then be charged another 20 percent collection fee. After June 30, homeowners delinquent on their property taxes continue to be charged a monthly interest rate of one percent.

Possible Lawsuits

Several counties are experiencing a budget crisis, and they are unable to allow property taxes to go unpaid for years. This means that a lawsuit is likely if a property tax bill remains delinquent between six months and a year. If the county receives a judgment against the homeowners, the tax assessors will be able to sell the house in foreclosure proceedings to satisfy the delinquent amount.

There Is Help for Dallas Homeowners

Dallas residents do not need to lose their homes over unpaid property taxes. Property tax lenders Dallas are here to help them, and Reliance Tax Loans is the leading lender in this industry. Homeowners will want to apply for their property tax loans with this company because the staff understands that borrowers are having financial troubles. The staff at this company will not take advantage of their clients by asking them to pay an application fee. They also are not required to pay any closing costs on this loan.

At Reliance Tax Loans, they are aware that people are coming to them because they are struggling financially. This may mean that their credit scores are not as high as they could be, but this lender does not base loan qualifications on credit scores. They will never ask to do a credit check. If the homeowners have other late payments and defaults in their credit histories, these will not keep them from receiving the money they need from Reliance Tax Loans.

The Application Process

It’s easy for Dallas residents to apply for a property tax loan. They just fill out the simple application on the website or call the toll-free number. The lender sends the applicants a document detailing the terms and conditions of the loan and will verify the information the applicants provided in their applications. If approved, the lender sets a date to meet with the homeowners to close the loan. In three days, the property taxes will be paid in full.