Property tax problems for customers of bankrupt lender

We will pay your property taxes now, you can pay us back over time. We help Texans pay their residential and commercial property taxes. A hunter-kelsey property tax loan helps you quickly pay your taxes so you’ll no longer incur the large penalties, interest, and attorney collection fees charged by your county.

Secured debt. chapter 7 bankruptcy can eliminate your personal liability on the secured mortgage loan, but it cannot eliminate the lien. Deficiency California law follows the "one-action" rule, which generally requires that a lender must foreclose on the mortgaged property before pursuing collection against the borrower personally.

Most back taxes and customs. This generally includes income taxes, Social Security taxes and penalties you owe, or unpaid withholding tax for your employees. Although most back taxes cannot be discharged in bankruptcy, you may be able to have taxes discharged if they are for a return due 3 or more years ago and you meet certain other qualifications.

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The lender can close the business and can also foreclose on your property. If it reaches a point where the lender has used all options for recovery, they’ll make a claim to the SBA. At this point, the SBA guarantee kicks in and the federal government will repay the lion’s share of the loan on your behalf.

 · Refinancing can be accomplished by the current lender or a completely new lender. It requires that the borrower be creditworthy and that the value of the property has not dropped so that the loan is underwater, which means the borrower owes more than the property is worth.

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This is a liquidation procedure where an individual filing for bankruptcy is allowed to keep specific exempt properties like property mortgages. and these include taxes, child support, and student.

In bankruptcy court documents, Park Cities Bank claimed that Kasnetz has failed to make loan payments after Dec. 29, 2008, and didn’t pay 2008 property taxes. On May 8. “There weren’t any solutions.

What is better on your credit report – foreclosure or bankruptcy. business and its assets. Not all debts can be wiped clean – even if you ask for a “discharge.” The list includes alimony and child.

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