About Property Tax Arrears
Have you been turned away by your bank because you have property tax arrears? While property taxes do offer benefits to home owners such as garbage pick up and removal of snow from the roads they are more often an expensive burden.
One of the major conditions of a bank holding your mortgage is that you keep your property taxes up to date. If you fail to maintain your property tax payments the bank can refuse to renew your mortgage and will almost always refuse to help you refinance them into your existing mortgage. In addition to the consequences that your mortgage lender may impose there are other issues that can cause serious problems. In some instances the municipality to whom you owe the property taxes may issue a notice of intent to sell your home to recover the property tax arrears. What people often fail to consider is that this is a major source of income for most cities/towns.
There are extreme consequences for home owners who accumulate property tax arrears. Most mortgage lenders mandate that you must pay your taxes with your mortgage and they remit them on your behalf. If your lender has not been collecting your property taxes and you are facing consequences from property tax arrears we can help Turnedaway.ca has been helping Canadians for over 30 years resolve property tax issues and avoid property tax sales.
We’ve helped a lot of people. See what they have to say!
Marilyn & Bob T
We can’t thank you enough for all your help with our mortgage. We were skeptical about filling out an online application but we had tried several banks and due to our credit, couldn’t find anyone to help us. Getting a call within 15 minutes of submitting our application to go over the application put my mind at ease but my husband and I were both shocked to receive a call the same day with an approval. We are still amazed at everything you did considering how difficult the banks made our situation sound. Again, from the bottom of our hearts thank you so much!
Marilyn & Bob T, Whitby Ontario.
Dave & Sharon S
My wife and I felt completely lost and didn’t know where to go after being declined by our bank of 18 years. We were so relieved once you advised us there are still lenders that value a mortgage based on merits other than just your credit rating. We had never missed a payment on our mortgage for 18 years and to hear our bank say they couldn’t help us even though we owed virtually nothing on our home was heartbreaking. We couldn’t be more grateful that you helped out two complete strangers when nobody else would.
Dave & Sharon S, Ottawa Ontario
I can’t put into words how greatful I am to you regarding coordinating all of the activities in seeing my new mortgage go through. There are several reasons for the appreciation from my side but most importantly it will allow my daughter to continue to grow up in a home and neighborhood that she has identified as being very important to her.
I owned a home for almost 15 years and faithfully renewed at my bank every 5 years. About 14 years into my mortgage my job was terminated and I was forced to rely on credit cards to keep things going. Fortunately I found work after 7 long months but by then my credit had deteriorated and my bank wouldn’t help. I called turnedaway.ca after hearing one of their radio ads and I am glad I did. They bailed me out of a bad financial situation, got rid of all my credit card debt and got me down to one manageable mortgage payment.
John C, Toronto Ontario.