Behind on taxes, can I refinance my troubles away?
Thank you for using our 425.com mortgage website. You have requested information on
"Behind on taxes, can I refinance my troubles away?". Absolutely. Being
delinquent on your property taxes is not like being delinquent on a credit card
payment or a mortgage. Being delinquent on property taxes usually does not
affect your credit, unless the state or federal government has attached a lien
against you or your property. Many homeowners across the United States use
mortgage professionals to refinance or get a 2nd deed of trust to pay off their
taxes. The worst thing you can do is avoid the situation, continue to accrue
interest and penalties, (non of which are tax deductible) and possibly allow the
government to eventually take your property away. The time to act is right away.
The loan professional that has made this information available to you
specializes in assisting those individuals with less than perfect credit.
Whether it's a matter of negotiating with your creditors or simply including as
letter of explanation, your loan professional in most cases can advice you on
the best approach and help you get the house of your dreams!
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