If you are facing delinquent property taxes and foreclosure on your home as a result of unpaid taxes, then we’re here to help. Our cash for houses Dallas team is here to help you get out of foreclosure by selling your home quickly to settle outstanding bills. Here’s some insight into the Dallas property tax system, what the process of foreclosure means, and how we can assist you.
The Property Tax Process
Texas has some of the highest property taxes in the country, largely due to the fact that there are no state income taxes. This means that property taxes are the main source of income for the state, and are used for funding all kinds of public projects, from schools to roads and emergency services. As a result, tax officials follow a rigorous process for collecting these taxes, with stiff penalties for those property owners that don’t meet payment deadlines, including foreclosing on your home.
Why Can Tax Offices Foreclose on Texas Properties?
On January 1st of each year, a tax lien is automatically placed on each property by the state. The lien is a legal right to sell the property to regain taxes and penalties owed. By paying your property taxes by 31st of January of each year, the lien is lifted until the next year.
If you don’t pay, interest and penalties are added to the bill, which escalates quickly. Sadly, this forces many homeowners with good intentions who are unable to pay their bill into a worse position.
Delinquent Property Tax Penalties Increase Soon
On July 1st, an additional penalty will be added to unpaid property tax bills to cover legal costs related to tax collection. If you are unable to pay your current property tax bill by this time, foreclosure proceedings will begin. It’s important to take action now to prevent or halt these proceedings, protect your credit rating, and save as much money as you can to start over.
When it comes to stopping foreclosure, it’s important to act quickly. This is because there is only a small window of time in which you can solve this issue. Here’s what you can do:
- Get a tax loan (be sure to go to a reputable, highly-rated business)
- Speak to your local tax office (they may be able to give you a flexible payment plan)
- Sell your home (to pay your property tax bill in full, clear your mortgage if possible, and protect your credit record)
Sell Your Home and Get Out of Foreclosure – Speak to Our Cash for Homes Team in Dallas
If you are facing property tax foreclosure and want to sell your home fast and privately without the worry of looking for a buyer or the costs of upgrading your home, then your best bet is to sell directly to cash home buyers in Dallas.
Our cash for homes Dallas team is happy to buy it for a market-related price – sight unseen and no upgrades needed. It’s completely COVID-safe because we don’t need to visit your home for viewings, and you can sell your home in 24 hours. Here’s how our process works:
- You enter your information on our website. We’ll contact you directly to discuss an offer for your property (you can also get a free property evaluation from our website)
- You can accept or reject the offer
- You can also call us directly on 469-858-0088
Our team is compassionate and highly motivated to offer you the best possible market-related price for your home, so you can sell your home in 24 hours. Not only does this cash go straight into your bank account as soon as the sale goes through, but you also pay zero real estate agent commission. It’s the best way to sell your home and get out of foreclosure.
At Shiny Key Properties, our trained consultants have years of experience in helping homeowners to sell quickly and get out of foreclosure. To find out more about our cash for homes Dallas service or to speak to our cash home buyers directly, please contact us today and speak to one of our friendly team members.