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Updated about 4 years ago on . Most recent reply
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Loaning money for property taxes
Does anyone know the process for loaning money to pay an owner's property taxes?
Ideally, I would lend the money then place a lien on the property.
I'm in Houston, TX
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There are specific disclosures and docs to making a tax lien loan. You have to get and make affidavits regarding the transaction, too. You file a deed of trust, but specific for the tax lien loan, not regular like for a bank loan. Your foreclosure is judicial, just like the taxing authorities, and can take months (or years) before the sale. If not done right, your position might be voided.
Not for the faint of heart.