How do I apply for a property tax plan?
Either call us at 888-GO-RETAX (888-467-3829) or submit a pre-application on our website. One of our tax officers will contact you at the number and time you request.
What information do I need when I call?
When you call you will be asked for basic information about the property and yourself (see Required Information). We will look up the additional information we need.
How long will it take to approval?
Most of our borrowers are approved the same day and over the phone.
If I am approved, how soon can we close?
It typically takes 5 - 7 business days from the initial telephone call. After all documents are signed, we are required by state law to wait three days to give you time to change your mind. In all cases however, we will rush your closing in order to avoid additional fees, charges, or even foreclosure by the taxing authority.
What types of property can I get financing for?
RETax Funding finances property taxes to owners of residential property, commercial property, investment property, and vacant or undeveloped land.
Can I qualify with a poor credit history?
Most likely. We understand that unforeseen circumstances might affect our customers' credit history and we work with our customers to find a suitable program. RETax Funding does not rely on a credit report from a thirty-party source.
Is there an application fee for residential or commercial plans?
No. RETax Funding is designed to provide relief. Therefore, our borrowers pay NO application fee and NO out-of-pocket expenses. However, for certain larger accounts, we may require a deposit to cover attorney's fee and other third-party costs that will be credited back to you at closing.
Even though RETax Funding charges NO application fee and NO out-of-pocket expenses, can I cancel the plan and not be responsible for any fees?
Yes. If your property is a home or residential property, Texas law requires that you have a three-day right of rescission to cancel. In the case where a deposit was received as described above, the deposit would be returned to you less third-party costs.
Do RETax Funding's tax officers speak Español?
Sí. Nuestros préstamo consejeros y cortesía cierre son bilingües y puede contestar sus preguntas y realizar su cierre en español. Oprime aquí para mas información
Can I get financing for several properties to pay delinquent taxes?
Yes. RETax Funding can fund multiple properties. We can make multiple plans and schedule closing for all your properties at the same time.
Can I apply for a loan from RETax Funding and pay my property taxes before they become delinquent?
You can apply for a property tax plan at any time. However, Texas law prevents us from financing before the taxes are actually delinquent (after January 31st). One exception is that if, at any time prior, there had been a property tax plan made for your property, RETax Funding can pay your future taxes before they would become delinquent.
Can I finance current taxes and delinquent taxes from past years?
Yes. A property tax plan from RETax Funding will immediately pay off all current and delinquent taxes, penalties and interest, as well as any collection or attorney's fees.
If I already have a property tax plan from RETax Funding for previous taxes, can I get another plan for this year's taxes?
Yes. RETax Funding can either add the amount of your current taxes to your existing account, or you can obtain a new account. Our tax officers will work with you to match your needs.
Can I use a RETax Funding to pay personal property, federal income taxes, or for other purposes?
No. RETax Funding funds only Texas property owners' real estate property taxes only. We do not finance taxes above the amount related to the property tax plan or for personal property taxes, state franchise or sales taxes, or federal income taxes.
Can I get a property tax plan if I have a mortgage or other existing loan on my property?
Yes. RETax Funding assumes that many of our borrowers will have an existing mortgage on their property.
