How does a Tax Lien Transfer work?
Tax lien loans are very similar to other property loans. You will be asked to fill out a standard loan application. We will assess your property’s value, determine the ownership of your property and learn whether any other liens exist. We will give you all the disclosures required by state and federal law for similar loans. Finally, you will sign an authorization that we would send to the taxing authority to pay your taxes. The taxing authority would then record your tax lien as transferred. Q: What Laws govern Tax Lien Transfers in Texas? A: Texas Tax Lien Lenders must abide by Texas Tax Code Section 32.06 and 065. As well, they must be licensed by the Texas Office of Consumer Credit Commissioner under the Texas Finance Code. Finally, we believe that Tax Lien Lenders must abide by many of the provisions of the Federal Truth in Lending Act, the Home Owner Protection Act, and other statutes. Q: Why is a Tax Lien Transfer better than setting up a payment plan with the Taxing Authority? A
