Florida Refinance – Pay Tax Lien – Florida Property Taxes
– Refinance Lis Pendens– Refinance Claim of lien – Refinance Florida Tax Lien – Hard Money Mortgage Lenders

Cash out refinance  Florida mortgage to pay Florida tax liens, judgments, collections. A Florida tax lien is a legal claim the government places on the assets of individuals or businesses that have failed to pay Florida property taxes. It ensures the government has the first claim to recover unpaid Florida property taxes before other creditors. If a lien is not resolved, it can lead to the seizure of assets.  We do not give legal advice.

Cashout Refinance To Pay Florida Tax Lien

 Refinancing To Pay A Florida Tax Lien

The process begins with a formal notice and demand for payment from the government. If the debt is not resolved, the property tax lien can be placed on all of the taxpayer’s assets, including real estate, vehicles, and business holdings. The lien will remain in place until the tax debt is paid in full or settled. A cash-out refinance allows you to refinance your home for more than what you owe and receive the difference in a lump sum of cash. You can use this cash to pay your Florida tax lien.

Refinance To Pay Federal Taxes

To remove a Federal Tax lien or a Florida property tax lien, the homeowner can refinance their mortgage. A cash-out Florida mortgage refinance allows you to refinance your home for more than what you owe and receive the difference in a lump sum of cash. These excess funds can be used to pay IRS Taxes and Property Taxes.

Refinancing To Pay Florida Property Taxes

The process begins with a formal notice and demand for payment from the government. If the debt is not resolved, the property tax lien can be placed on all of the taxpayer’s assets, including your Florida home. Every county in Florida has its own Florida property appraiser website to search for property taxes. Florida homeowners can review and apply exemptions, assessment limitations, and classifications that may reduce their Florida property’s taxable value.

Refinance Florida Department of Revenue WARRANT

To remove a Federal Tax lien or a Florida property tax lien, the homeowner can refinance their mortgage. A cash-out Florida mortgage refinance allows you to refinance your home for more than what you owe and receive the difference in a lump sum of cash. These excess funds can be used to pay IRS Taxes and Property Taxes.

Understanding How A Florida Tax Lien Works

Federal, state, or local governments can impose tax liens on Florida homes and other real estate when the Florida property taxes remain unpaid. THE STATE OF FLORIDA TO ALL AND SINGULAR, THE CLERKS OF THE CIRCUIT COURTS AND ALL AND SINGULAR, THE SHERIFFS OF THE STATE OF FLORIDA WARRANT FOR COLLECTION OF DELINQUENT The taxpayer named above in the County of Broward Sales and Use Tax indebted to the Department of Revenue, State of Florida, in the following amounts: For returns due on or before December 31, 1999, interest is due at the rate of 12% per annum. For returns due on or after January 1, 2000, a floating rate of interest applies by section 213.235, Florida Statutes. Refinancing high-interest tax liens could save you in interest and penalties.  A cash-out Florida mortgage refinance allows you to refinance your home for more than what you owe and receive the difference in a lump sum of cash.

Limitation Actions to collect Florida Property Taxes

Unpaid Florida Property Taxes

Florida Statute 197.432 requires that the Florida County Tax Collector sell tax certificates on properties with unpaid taxes on or before June 1. A tax certificate (lien) is a public auction for investors to earn interest on paying other people’s Florida property taxes. A certificate is auctioned off to the bidder who is willing to accept the lowest interest rate. If there are no bids on a particular certificate, it would be “struck off” to the County at 18%, the highest interest rate allowed by Florida Statutes.​ Refinancing a Florida mortgage to pay delinquent property taxes could save you from penalties and interest.

Is a Florida Cash-Out Refinance Taxable?

No, the cash you receive from a cash-out mortgage refinance isn’t taxed. A cash-out mortgage refinance is not taxable because the IRS considers a cash-out refinance a loan you must repay rather than income. Its possible that you could even be tax benefits depending on how you use the money. Consult your tax advisor to discuss how a cashout refinance could impact to your situation.

Refinance Property Types Include:

• Single-family home – No Tax Return Mortgage Lenders
• Condo – No Tax Return Florida Condo Mortgage Lenders
• Luxury Jumbo – No Tax Return Mortgage Lenders  
• Townhouse – No Tax Return Mortgage lenders 
• Villa – No Tax Return Florida Mortgage Lenders 
• Manufactured home – No Tax Return Mortgage Lenders  
• Co-op – No Tax return, Florida Mortgage Lenders 
• Condotel  – No Tax Return Mortgage Lenders 
• Investor Loans- No Tax Return Mortgage lenders 
• Multi-Family – No Tax Return Florida Mortgage Lenders 

No Tax Return Florida Mortgage Refinance Options:

• No Doc, No W2, No Tax Return – No tax return, no doc loan options.
• Bank Statement Deposits – Bank statement mortgage lenders use your bank statement for income.
• Jumbo No Tax Returns – Jumbo no tax return for large loan amounts over the conforming loan limits.
• 1099 mortgage Lenders – 1099 mortgage lenders use 1099 with no tax returns required.
• 3 Months Bank Statement – 3 3-month bank statement alternative income option to qualify.
• Self-Employed Less than 1 year – Qualify with less than 2 years in the same line of work.
• VOE Only Mortgage – Verification of employment uses the employer VOE to qualify.
• Asset Depletion – Divide qualifying assets to qualify by averaging over 60 to 84 months.
• ITIN No Tax return mortgage – ITIN mortgage lenders use ITIN instead of a Social Security number to qualify.
• Pledged Assets – Pledge assets in reserves for collateral.
• DSCR Rental Income – Use the subject property income to qualify with no personal income to qualify.

No Tax Return Cash Out Refinance FHA Mortgage 

To qualify for FHA without tax returns, you must be a W2 employee, and your commission and bonus income must be less than 25% of your total income, and you should NOT own any rental properties. And, your earnest money deposit should not come from your side business account; otherwise, the lender will request tax returns. If your bonus or overtime exceeds 25% of your total income or if you own investment properties, you will be required to submit tax returns. Florida FHA mortgage lenders make homeownership exciting because, as a W2 employee, you do NOT need to provide your tax returns to qualify for an FHA mortgage. For FHA, self-employed mortgage lenders require 2 years’ tax returns, business and personal. Clear here to read more about to tax return FHA mortgage loans. 

No Tax Return Cashout Refinance Investor Loans
Florida no-income verification investor loans, commonly referred to as DSCR loans, allow real estate investors to secure financing with no personal income or debt-to-income ratio. These loans do not require income documentation, tax returns, or employment verification, making them an attractive option for Florida real estate investors. To learn more about no-income-verification investor loans, click here.

Florida Property Tax Collection Process