Posted by bfnotary on 7/12/12 4:31pm
Msg #426540

I have a signing tonight for Tax relief

This is my first signing for one of these, It is only 9 pages, and is very self explanatory. I just have a question, what exactly is a tax relief?

Reply by GOLDGIRL/CA on 7/12/12 4:48pm
Msg #426544

I don't know, but I sure would like some!

Reply by JENNY/TX on 7/12/12 4:54pm
Msg #426547

The ones I have done are loans to pay property taxes.

Jenny

Reply by Sylvia_FL on 7/12/12 5:36pm
Msg #426558

Could it be one of those programs they advertise on TV - the ones that say if you owe more than a certain amount they can help you, they offer to settle your tax problems for less than you owe?

Reply by jba/fl on 7/12/12 5:49pm
Msg #426560

I've had a couple and that is what it is (Sylvia's remark) n/m

Reply by bfnotary on 7/12/12 6:26pm
Msg #426562

Re: I've had a couple and that is what it is (Sylvia's remark)

Thank you all for the responses. The guy was sure happy to see me tho when I got there.

Reply by MW/VA on 7/12/12 6:29pm
Msg #426563

Is it legal? n/m

Reply by bfnotary on 7/12/12 6:37pm
Msg #426566

Re: Is it legal?

Well i sure as he!! hope so. Lol. If it isn't could someone please let me know lol.

Reply by Susan Fischer on 7/12/12 7:49pm
Msg #426579

This is not the forum to determine legality of some

unknown program/company.

If you're interested, why not chat with client about it?

Remember, notarize, don't analyze.

jmho.

Reply by MW/VA on 7/13/12 9:01am
Msg #426631

I disagree with you on this one, Susan. A notary doesn't

engage in illegal activity. Many of us avoided loan mod application scams, etc.

Reply by Sylvia_FL on 7/12/12 6:38pm
Msg #426567

Re: Is it legal?

A lot of them are scams.

http://www.ftc.gov/bcp/edu/pubs/articles/naps33.pdf

Reply by HisHughness on 7/12/12 9:31pm
Msg #426594

I don't know if this is available in other jurisdictions ...

... but in Texas, there are lenders who will pay off your delinquent real estate taxes, and, in turn, the tax assessor-collector transfers to the lender the tax lien on the proper. The lender has all the remedies the tax collector does for collection if the borrower doesn't perform. They are quite common in Texas. I've been doing them for three years or more.

Reply by Notary1/CO on 7/12/12 10:35pm
Msg #426600

Re: I don't know if this is available in other jurisdictions ...

Yes, some states offer tax liens, others offer tax deeds. Educated investors and financial institutions purchase tax liens and tax deeds for high returns and low risk. Interest rates and redemption periods vary. Darius Barazandeh, Texas attorney and real estate investor, offers excellent course material on this subject at http://www.theinformedinvestor.com/