Learn to Profit from Notes with Paper Assets Capital
Our educational materials are set up to help you better understand everything you need to know about buying and selling notes.
What happens with unpaid property taxes?
All mortgages (or trust deeds) are attached to real property that requires the borrower to pay property taxes generally on a quarterly basis. In the event property taxes remain unpaid for six months, our tax service notifies us immediately. Our well-trained staff members at Paper Assets Capital will contact the borrower to determine why payment was not made on time. If for any reason the borrower has not paid and/or cannot pay, then you (as the lender) will need to make that payment. Failure to make a tax payment could result in a tax lien on the property (which takes priority) or the home being taken for back taxes. Fortunately, these situations are not common.
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