Property taxes in Texas are some of the highest in the USA, with an average property tax rate of 1.876% of your home’s assessed value, and between that and the current economic climate, it’s no surprise that many homeowners are under huge financial stress. If you are facing foreclosure due to an unpaid tax bill, you still have the option to sell your home quickly to settle the bill – avoiding the impact of a foreclosure on your credit record. The best way to do this is by finding cash house buyers in Dallas.
These taxes are due on the first working day of February each year, and if they go unpaid, they not only gather hefty penalties and interest – the local tax office can foreclose on your home to collect what’s owed. This is a legal move that your local tax office can make because of the tax lien that is placed on every property on the 1st f January each year, but they have to follow procedure to the letter and give you a set amount of time to settle your tax bill.
Facing foreclosure is emotionally and financially devastating, and it can feel like there’s no way out – but there are people who can help you get out of foreclosure if you act quickly.
You will be notified that you are facing a tax lien foreclosure by mail, and that is the start of the foreclosure process. It is also the best time to act to resolve the issue, since most notices include a redemption period in which you can come up with the money to settle the bill, during which tax authorities are not allowed to harass you, threaten foreclosure or move forward with the foreclosure process until the time period has passed.
At this point, you have a few options:
If you want to get out of foreclosure, clear your property tax debt and preserve your credit record, or simply want to sell your home quickly, our cash for houses Dallas team is happy to buy it. Here’s how our process works:
Our team is compassionate and highly-motivated to offer you the best possible market-related price for your home, so you can sell your house in 24 hours. Not only does this cash go straight into your bank account as soon as the sale goes through, you also pay zero real estate agent commission. It’s all about getting you back on your feet as quickly as possible, and taking that debt off your shoulders.
At Shiny Key Properties, our trained consultants have years of experience in helping homeowners to get out of foreclosure or needing to sell quickly. To find out more about our cash for houses Dallas service or to speak to our cash house buyers directly, please contact us today and speak to one of our friendly team members.