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Updated over 2 years ago on . Most recent reply
Small loan under 30K
Hello BP family! I am trying to solve a situation for one of my clients in New Jersey. They currently owe $26,000 in municipal taxes. They own there house free and clear and would like to remain in it. They don't have any other debt. I was hoping to get some advice on a loan product that might help them out. Everyone I have talked with so far has said that the amount is to low for a consolidation loan. Also there credit isn't the best and finding someone to do a heloc in New Jersey has bin an issue. Also apparently they cant make installments to pay down the $26,000. This is what my client told me. I am calling the town tomorrow to dig a little deeper on this but if anyone has experience on tax leans I would appreciate any information you can give.
Most Popular Reply
Thank you to everyone that responded. After exploring all her options she has decided to just list the property with me and downsize. I appreciate all the insight it was very helpful. @Tom S. @Chris Seveney @John Slater @Chris Mason @James Stone