Protect Your Collateral Values
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Protect your portfolio from tax lien lenders!
In early December, we sent an email discussing steps to take to avoid impairment of your real estate collateral due to tax lien loans. As we approach the due date for 2011 property taxes, we encourage you to review this document and your procedures to ensure that your collateral is not impaired due to an unanticipated priority lien. We continue to receive calls and emails from banks that are dealing with the aftermath of a tax lien transfer, and hope to assist you in avoiding this unfortunate situation.