Texas Tax Lien Loan Signing


          In the state of Texas, property owners who are unable to pay their county property taxes face serious problems.  The county in which the property is located will add penalties every 30 days during the period of time that the taxes remain unpaid.

This can snowball into an incredible amount of money due by the time that property owners default on all notices received about taxes due.  In some instances, property owners can work out a payment plan with the county, but more often than not, they find themselves “up against a rock in a hard place”, as my parents used to say.

Property owners are typically given ” a line in the sand “; a due date that their taxes must be paid, or they will lose their property to the county, who will then sell the property on the courthouse steps typically for the amount of back taxes owed, which is considerably less than the actual property value.  The owners lose the right to maintain occupancy and ownership, as well as any equity built up in the property.  They are forced to start over in another residence.

The same scenario also happens with owners of multiple properties, including commercial real estate and rent houses.

One option available in this situation is for property owners to obtain a property tax lien loan.  These loans typically do not require a credit check or down payment.  The loan typically merely requires verification of ownership, employment, income, and personal reference verification.  The loans typically carry a higher interest rate than a customer would receive on a personal bank loan.

On Saturday, 05/27/17, I had the pleasure of signing a repeat customer for one of the companies who offer tax lien loans.  This is the third time I’ve met with this couple, who own multiple properties.  They were up against a deadline, needing their taxes paid by the last day of the month.  We were able to complete filling out the loan package and notarizations without any difficulty.  After leaving the residence of the borrower, I went to my car and hooked my laptop to my portable scanner, and made a pdf file of the load package.  This file was then securely emailed to the loan company so that they could begin processing the payment of taxes when their office opens on the morning after the Memorial Day holiday.

I then proceeded to pack up the documents for FedEx shipping and dropped the package for Saturday pick up, and first overnight delivery to a city a few hundred miles away.  This effectively saved this couple additional charges on their amount owed to the county and prevented them from losing ownership of their properties, which they have worked hard to earn over the years.

I’m happy that acting in my role as a state official, Notary Public, I was able to help this company and owners solve the problem in a professional manner.

If you would like more information about property tax lien loans, I will be happy to provide you with some links for more information.

** Please note that I am not an attorney licensed to practice law in the state of Texas, and can’t give legal advice. **

Robert Owens, Notary Public for the State of Texas

Notary Public, State of Texas

Notary Public, State of Texas

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