Your Questions Answered

TaxCORE Lending offers commercial property owners a property tax loan that makes paying off your delinquent property taxes easy and affordable. If you have any questions about the process, how it works and more, read the answers to the most commonly asked questions about property tax loans below.

If you have any additional questions not answered below, please call us at (800) 518-5218 or 214-613-2503 - we're happy to help!

Can I Lose My Property Due To Delinquent Property Taxes?

Yes. It is possible to lose your property to foreclosure with your taxing authority. The taxing authority has the authority to enforce a foreclosure due to unpaid property taxes. The longer your taxes go unpaid, the more likely the taxing authority will foreclose on your property.

What Is The County Charging Me For My Overdue Property Taxes?

If you don't pay your delinquent property taxes, your taxing authority can charge annual penalties in excess of 47% of your tax bill. See chart below for an example of how a $15,000 tax bill turns into a $22,140 tax bill in less than a year:

How Long Is The Payback Period For My Loan?

Typically, our customers will make monthly payments within a 10 year period. Repayment terms are available from 3-10 years on the property tax loan.

What Is The Annual Interest Rate On My Loan?

Our current interest rates vary depending on loan terms, loan amount and property type. Call us for an exact quote

I Have Multiple Properties. Is It Possible To Get Loans For All Of The Properties?

Typically, our customers will make monthly payments within a 10 year period. Repayment terms are available from 3-10 years on the property tax loan.

How Can I Apply For A Loan?

You may apply online or online. Your online application and phone consultation is confidential and there is no obligation. Apply online or call (800) 518-5218 or 214-613-2387

What If I Have Bad Credit? Will It Affect My Ability To Get A Loan?

Bad Credit History will not affect your loan approval. TaxCORE Lending will not pull any credit reports on individuals or businesses.

How Long Does It Take To Close A Loan and Pay Off the County?

It generally takes 3 business days from the start of the application to the closing of the property tax loan. Once the loan is closed, TaxCORE Lending will pay off the taxing authority in full to stop the fees and penalties being accrued against you.

Is It Possible To Get A Loan For Multiple Years Of Overdue Taxes?

Yes. We would be happy to pay off multiple years of backed property taxes. You can also finance your future property taxes by rolling them into the loan if you need help in the future.

Is There An Application Fee?

No. We do not charge any application fees

What Do I Need To Close My Loan With TaxCORE Lending?

At closing, you should bring a copy of a recent mortgage statement (if applicable).

How Are The Monthly Payments Set Up?

You will be set up on automatic withdrawal on the first of every month for your monthly loan payments. No need to worry about checks, as we will automatically withdraw your payments for you.

What Happens If I Miss A Payment?

It is possible that a foreclosure could be initiated if your loan is delinquent; however, it is not TaxCORE's intention to seize your property. We work with you to avoid foreclosure

What Happens If I Miss A Payment?

It is possible that a foreclosure could be initiated if your loan is delinquent; however, it is not TaxCORE's intention to seize your property. We work with you to avoid foreclosure

Does Your Property Qualify?

• Property must be located in texas
• Borrower cannot be in bankruptcy
• Property cannot have a federal tax lien
• Be able to afford minimum loan payments (we'll customize the loan to make it affordable)

Do You Pay Personal Property Tax?

Yes, we can help you with your personal property taxes.

Do You Pay Federal Income Taxes, Or Fund Capital For Other Purposes?

Generally, no. Our core business is long-term financing for commercial property taxes. That being said, we will work with you to see if a creative solution can be found to fit your particular situation.

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