Not A Solicitation - If COVID-19 is affecting your personal finances, this is the time to begin assessing obligations as fast as possible and make a plan for the entire year.
2nd Half Property Taxes Due Date
We genuinely want everyone to repay their obligations to all creditors and governments. Many of our clients have expressed no desire to quit, however, this is an unprecedented crisis, and timing can be so critical to protecting financial stability in our homes. April 10th is the deadline for property tax bills and choosing a partial or courtesy-type payment, or not paying at all, in order to meet higher priority obligations is actually a viable plan. There are provisions in the tax code that a property can be delinquent up to 5 years prior to foreclosure, unlike a mortgage which can only be 4 months, and during this crisis likely longer. Second, property tax goes unreported to credit bureaus, and the assessed penalties are much lower than credit card interest. This is a much more generous timeline than mortgages, credit cards, and other private entities that report to the credit bureaus.![A calculator, pen, checks, and tax filing documents](http://dstoev.2create.studio/projects/blake_driver/mares-mortgage/wordpress/wp-content/uploads/2020/04/pasted-image-0-31.png)