Tax lien transfers have received a bad rap. Although many people don’t understand them or have even never heard of them, tax lien transfers, or property tax loans, as they are referred to in Texas, are an effective means for financially-struggling homeowners to stay in their homes. The important thing for homeowners to do is to gain an understanding of what these highly-regulated financial tools can do for them.
The truth is, property tax loans help families purchase and keep their homes, while providing much-needed tax revenue to the tune of millions of dollars to Texas each and every year. With all this good news, you may wonder why they have such a bad reputation. The problem comes from misunderstanding how they work, as well as how to use them wisely. They may seem complicated, but once broken down into digestible chunks, they make a lot of sense to most people.
If you are still confused about property tax loans, you’ve come to the right place. This guide will explain the benefits using real facts and statistics. It will also describe how tax lien transfers can lower closing costs and help families keep their homes. Find out how these loans have evolved and what their impact will be in the future for Texans. Learn about this invaluable financial tool that you may need to leverage someday, and even if you don’t, the revenue from these loans will affect your economy, as well as everyone who lives and works in the Lone Star State.
Credit: Property Tax Funding