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