Buying real estate is a big step financially, as it can help with saving money once the mortgage loan has been paid in full. For instance, rather than making a monthly mortgage payment each month, a homeowner can put the money into a savings account for retirement. However, sometimes bad situations develop in life that are not expected, such as the loss of income for a household. In such a situation, someone might own their home but are not financially stable enough to pay the property taxes to the government as they are required to. If you have fallen behind on paying your property taxes and are worried about your home being foreclosed, hiring a lawyer might be the wisest decision to make.
Discussing Your Financial Situation
How you got into the financial situation that you are in will be one of the things that a lawyer will want to know about. The reason why is because it could play a role in how well your case turns out in the end. For instance, if you have been unable to pay your property taxes due to the death of a spouse, your lawyer will want to know. They will also want to know what you are able to pay towards the amount of property taxes owed. Depending on your financial situation, a lawyer might also suggest another solution to help with the situation.
Attempting to Negotiate a Deal
A great skill that a real estate lawyer has is the ability to negotiate deals to get homeowners out of a hole. With the help of your lawyer, you might be able to get an extension on paying your property taxes to the government. They might be able to help you get on a payment plan for the past due amount that can easily be paid on your budget. You might even be eligible for tax breaks that can assist with lowering your property taxes, which a lawyer can discuss with you during the initial consultation.
Pay a Real Estate Tax Lawyer
Your lawyer will let you know what must be paid after they have assessed your case. It is typical for a container fee to be paid before a lawyer will begin working on a case. A container fee is an upfront amount of money that will cover the services that are being provided. If more money is needed after the container has been used up, your lawyer will let you know.
Contact a local real estate tax attorney to learn more.
Share