Skip to content
Investor Mindset

User Stats

1
Posts
0
Votes

Delinquent tax loans

Posted Mar 14 2024, 14:42

Hey,

Has anyone ever tried to set up loans for people delinquent on their taxes that was backed by their house?

User Stats

14,687
Posts
12,078
Votes
Chris Seveney
Pro Member
#2 All Forums Contributor
  • Investor
  • Virginia
12,078
Votes |
14,687
Posts
Chris Seveney
Pro Member
#2 All Forums Contributor
  • Investor
  • Virginia
Replied Mar 14 2024, 15:03
Quote from @Timothy Ethan Gawith:

Hey,

Has anyone ever tried to set up loans for people delinquent on their taxes that was backed by their house?


If you wish to get licensed in every state to act as a lender, go ahead but the cost to do that is extraordinary so you would need to spend money on that and getting proper insurance since you are essentially issuing a mortgage. 

Also, most people who are not paying taxes are also not paying their mortgage they already have..