Preserving The American Dream Through Proper Property Tax Collection Procedures

Written by Marcus Balocca

Tax servicing companies are tasked with achieving customer satisfaction by processing property tax payments in a timely and accurate manner on behalf of their respective lenders. As a tax service company, we must also consider that customer satisfaction extends far beyond merely achieving (or exceeding) our lenders’ expectations. We also have another client’s interest and satisfaction concurrently at stake; namely, the borrower. READ MORE

Tax Certificates: They Are Still Important

Written by Chris Flynn

One of the most important financial decisions that we make in a lifetime is the purchase or refinance of a home or other real property. While most all of us understand the benefits of car, life or health Insurance, title insurance is something that is rarely given much thought prior to sitting down at the closing table with an escrow officer or attorney. READ MORE

LERETA University Offers Virtual Tax Service Training

LERETA University is virtually led by instructors who assist servicers and their staff in real estate-specific tax servicing. Accessed through LERETAnet, the company’s existing hub and customer information portal, the LERETA University platform serves as an extension of on-site training and is focused on helping companies avoid risks that are caused by common mistakes and oversights. Inaccuracies in real estate tax servicing have the potential of costing servicers in penalties, interest and property loss not to mention having a negative effect on borrowers. READ MORE

The Trouble with Tax-Lien Lending

Written by Chris Masten and Mark Collins

Mortgage holders could see their security interest wiped out if a borrower in Texas or Nevada gets a property tax loan where the lien has priority over the first mortgage.

Property tax lending is a high-interest-rate, multi billion-dollar business that increasingly targets lower-income families and families in financial distress, and it's a growing concern for mortgage holders. 

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The Risks Associated with Unpaid Utility, Fire District and Sewage Bills

Written by Karen Stephens and Jessica Phoonphiphatana

Many escrowed borrowers do not realize that their mortgage company or bank does not escrow for utility and fire district bills. These bills are most commonly collected in the Northeast and are typically to be paid by the homeowner, outside of the escrow funds that are collected. Unfortunately, many bills go unpaid and put both the homeowner and the lender at risk.  READ MORE

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