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#2231337 - 02/19/20 09:52 PM Sr Tax Deferral Programs
deh Offline
Platinum Poster
Joined: Mar 2006
Posts: 866
How does your bank monitor for loans in these programs? I talked to both the state and county. Neither one provide any notice to lien holder. These are pretty much reverse mortgages!

We were hit pretty hard when our borrower passed away and we found out she had $52K in deferred taxes of which over $10K was the interest charges.

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Lending Compliance
#2231341 - 02/19/20 10:06 PM Re: Sr Tax Deferral Programs deh
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,228
Galveston, TX
Might want to post this in your State forum. The process might be more location dependent.
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