Are You Behind Property Taxes or Have Defaulted on Your Mortgage?
1.47% of the Florida homeowners are late in paying their mortgages, the eighth-highest percentage among the 50 states as of end of 2020. The expected number of senior Floridians to default on their reverse mortgages and are at the risk of losing their houses to foreclosure exceeds 15,000. As the temporary suspension on home foreclosures placed by Coronavirus Aid, Relief and Economic Security (CARES) Act coming to end, more and more Floridans are facing tax deed and mortgage foreclosures in 2021. Property tax payments become payable November 1st and are due in full by March 31st of the following year in Hillsborough County. Taxes become delinquent on April 1st. Florida Statute Chapter 197, indicates that the Tax Collector must start the tax certificate auction on or before June 1st. The Hillsborough County Tax Collector holds on online Tax Certificate Sale/Auction. The county will issue a certificate to whoever wins the bid to pay the delinquent taxes on behalf of the property owner. The certificate owner now holds a lien against the property. If the property owner does not redeem the certificate along with the incurred interest and fees after two years from the date when the certificate was issued, the lien holder can file for tax deed sale or foreclosure in order to recoup their initial investment amount plus the incurred interest. Dash purchases tax delinquent properties and pre-foreclosure homes in Hillsborough, Pinellas, Pasco, Hernando, Manatee and Sarasota Counties. We can pay your back taxes and help you save your equity on the property. Reach out to us today and let us discuss your options!