Over half of all tax lien transfers are paid off by property owners and only 13.5% of the transfers are paid off by pre-existing lien holders.
The U.S. Supreme Court won’t hear San Antonio homeowner dispute over property tax loans.
Governor Greg Abbott has appointed Vince E. Puente, Sr. of Fort Worth to the Finance Commission of Texas.
The Fifth Circuit Court of Appeals issued a decision concluding that Texas Property Tax Loans are not subject to Truth In Lending Act (TILA).
5th U.S. Circuit Court of Appeals rules that property tax loans are not ‘credit’ subject to federal lending laws.
" To learn of a financial services company that is more driven by its heart than its bottom line, when it would have been completely within its rights to act otherwise, is truly remarkable."
The two sides of the tax lien lending business, both the property owner and tax lien lender, are described in this San Antonio Express News article.
Every October, homeowners, land owners, and commercial property owners in Texas receive their annual property tax bills.
With ever-rising property taxes, Texans need choices. Protect My Texas Property represents over 1,500 Texans who want to maintain the ability of property owners to use tax lien transfer payment plans to pay their property taxes and to keep their property. Executive Director, Jim Arnold, responds to the Texas Bankers Association and explains why the banks want to limit consumer choice on how to settle a delinquent property tax bill.
In an analysis of Senate Bill 525 of the 84th Texas Legislative session, Bill Peacock, Vice President of Research and Director of the Center for Economic Freedom, explains why tax lien transfers must remain an option for Texas property owners.
Texas taxes have been growing at a rate of almost three times faster than Texas incomes, and property owners are struggling to keep up.
Public policy analyst, Kathleen Hunker, explains how tax lien transfers offer a way for property owners to restructure an existing debt similar to the way student loans can be restructured.
Texas Public Policy Foundation has issued a report highlighting the continued need to keep property tax lien transfers as a viable option for property owners in Texas.