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i have found out my property taxes were sold to tax ease company in texas, can they really take my home? i still owe to the bank for 8 yrs, they will not accept pymnts an dhave added about 1100.00 in interest and fees, is there anything that can be done>

smithsussane · Posted: Thu Oct 30, 2008 8:37 pm Post subject:

Hi lbd!

Welcome to forums!

If you pay off the taxes, then I don't think your home will be affected. The delinquent amount charged to you will also be liable for a tax warrant filed. Tax warrants are a kind of liens which can be placed against real or personal property. Your wages can also be garnished. These liens are public records and will also affect your credit rating. If the balance is outstanding, the future state and federal tax refunds are subject to offset this balance. You will either have to pay off the taxes or you may go for the petition of compromise.

Feel free to ask if you have further queries.

Sussane.

greg1 · Posted: Fri Oct 31, 2008 9:33 am Post subject:

Public Records such as judgements do not affect your credit score. I wanted to clarify that. Lenders may require you to pay them off before obtaining a new loan though.

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