Get a Fresh Start with Our Tax Foreclosure Home Solutions
Facing the risk of tax foreclosure can feel overwhelming, but our team is here to help you navigate this challenging situation with ease and peace of mind. We specialize in buying properties that are subject to tax foreclosures, providing Texans with a simple and efficient solution to avoid the long-term consequences of unpaid property taxes and ensuing lawsuits.
By choosing to sell your property to us, you can avoid the stress, time, and potential financial burden of a tax foreclosure, as well as get some additional cash to use however you please. We work quickly to provide you with a fair cash offer, allowing you to sell your property as-is, without any additional fees or repairs. Whether you’re looking to move on from a difficult situation or simply need to relieve yourself of the property tax burden, our team is committed to offering a smooth and transparent process that puts your needs first.
We understand that every property owner’s situation is unique, which is why we offer personalized solutions to fit your circumstances. Our team takes the time to explain your options clearly, ensuring that you make an informed decision that’s right for you. Instead of letting a tax foreclosure ruin your financial future, allow us to help you take control of the situation, get the equity you deserve, and move forward with a fresh start.
What is a tax foreclosure?
A tax foreclosure is initiated by the County, County hospital, or school district in order to collect on property taxes against a property. Every year, Texans pay a percentage of their home’s value that the school district, County hospital, and County rely upon in order to budget and pay for infrastructure, salaries, etc. So, naturally, these entities are extremely reliant upon you and your neighbors to pay their property taxes every year.
What happens if I don’t pay my property taxes?
Generally, if you miss payment on your property taxes, you will be penalized for failure to pay. This penalty is statutory and promulgated by the Texas legislature. For the most part, there is very little you can do to get rid of this penalty. The same is true if the County hires attorneys to initiate a tax foreclosure – these expenses will be passed along to you.
What happens if I am foreclosed upon?
If you suffer the loss of your property through a tax foreclosure, you have the right to redeem the property within two years. In the first year, you have to pay back the buyer what they purchased the property for plus an additional 50% whereas in the second year you need to pay back double what was paid for the property.
The path to redeem your property is an expensive one and may not be worth the risk. Additionally, there is little you can do to overturn a tax foreclosure outside of notice requirements.
How can we help you?
DFW Peak is able and willing to buy you out of your unfortunate position. Why not take the cash now and avoid the headache?
Contact us, and we will reply within 24 hours.
