Cashout Refinance To Pay Off Florida Pace Energy Loan
Refinance to pay off the Florida Pace Energy Loan 
– Refinance Lis Pendens– Refinance Claim of lien – Refinance Florida Tax Lien – Hard Money Mortgage Lenders

Yes, you can use a Florida cash-out refinance to get funds to pay delinquent Florida property taxes, tax liens, IRS liens, or HOA/COA liens, essentially converting your Florida home’s equity into cash to clear up these debts. and or Refinance to consolidate Florida Pace loans into your monthly mortgage payment.  used to replace or repair your roof, windows, and doors with payments you can handle. To refinance and pay off a Florida PACE loan monthly, you’ll typically use a cash-out mortgage refinance or a limited cash-out refinance, where the new mortgage pays off the Florida PACE assessment, but you must have enough home equity to pay off due to PACE’s first-priority lien.

Can I refinance to consolidate my PACE loan into my mortgage?
Yes, you can often refinance a Florida PACE loan into your mortgage, but it usually requires a cash-out refinance to pay off the PACE loan in full because the PACE lien has priority. You’ll need sufficient equity in your Florida home to cover the PACE payoff, and your mortgage lender requires it be paid in full for a new first mortgage. 

How Florida PACE loans Work?

Florida Property Assessed Clean Energy loans, or PACE loans, were approved by the Florida legislature in 2010 as a way for some homeowners to make clean energy home improvements. The loan amounts are attached to county tax rolls as liens, and the borrowers make one large payment each year that is billed with their property taxes. The large tax payment is taking some residents by surprise.

Cashout Refinance To Pay Florida Property Taxes

A cash-out refinance involves replacing your existing mortgage with a new, larger loan. The difference between your new loan amount and the balance of your old mortgage is given to you in a lump sum of cash, which you can then use to pay your property tax bill or clear a property tax lien.

Cashout Refinance Florida Mortgage To Pay Property Taxes

Cashout Refinance To Pay Florida Tax Lien

What’s the difference between a tax deed sale and a tax deed foreclosure sale? 

• Tax deed sale – This process often starts with selling the Tax Deed lien or a certificate to an investor who can collect interest for 2 years. If not paid, they then foreclose on the property owner to get paid, eventually leading to a similar auction if unpaid.
• Florida tax lien foreclosure sales often start with selling the lien (a certificate) to an investor who then forecloses on the property owner to get paid, eventually leading to a similar auction if unpaid. The key difference between the (2) two is the starting point: deed sale focuses on selling the asset (property), while a Florida tax lien foreclosure focuses on collecting the debt.  But both of these 2 sepearate processes aim to recover delinquent taxes, often culminating in a public auction where the property is sold.

Someone bought a Tax certificate on my Florida property. Does that mean they now own it?
After two years after taxes became delinquent, the certificate holder can place a Tax Deed Application on your property. (Example – 2008 unpaid taxes which had a certificate sold by June 1st of 2009, can have a Tax Deed Application made on it beginning on April 1st, 2011). After a tax deed is made, the property will be scheduled for auction and sold to the highest bidder. If that happens, you have lost any claim or ownership on it.

There is a Tax Deed Application on my Florida property. How long do I have before my property is sold?

How can the sell my Tax certificate?

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.

Stop Florida Tax Lien Sale 

To stop a tax lien sale in Florida, you must redeem the property by paying all past due delinquent Florida proeprty taxes, interest, and fees to the Tax Collector or Clerk of Court before the final sale payment is made, effectively stopping the sale process at any stage before the certificate sale, after the certificate, or right before the final tax deed auction. Paying the full arrear property tax amount owed is the most direct method, but refinancing your Florida mortgage may be another viable option to avoid forfeiture.

Ways to Stop the Florida Tax Lien Sale:

• Refinance Florida Property To Pay Delinquent Florida Property Taxes: This is your final chance to cashout refinance and pay all back Florida taxes on the property.
• Pay Before the Florida Tax Deed Sale (Auction): This is your final chance. Pay the total redemption amount Florida taxes, interest, fees, and costs to the Florida county Clerk of Court before the auction concludes. 
• Pay Before the Florida Property Tax Certificate Sale (June): Pay the delinquent taxes plus a penalty (around 3%) to prevent the tax certificate from being issued.
• Pay Before the Florida Tax Deed Application: Once a certificate is sold, the holder can apply for a tax deed. Pay the Florida property tax certificate amount, accrued interest, and any application fees to stop the Florida deed application process.

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.

Hard Money Florida Mortgage Refinance Options Include:

• Refinance Florida Lis Pendens –
• Refinance Florida Claim of lien –
• Refinance To Pay Florida Tax Lien –
• Refinance Florida Code Violations –
• Refinance Florida Final Judgment –
• Buy-Out-Florida Mortgage Refinance

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