06-F Tax Proposal - McCreary - Laserfiche WebLink

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(5) Title Research McCreary, Veselka, Bragg & Allen will conduct a full title examination on each tract of real property and conduct ownership verification on personal property before a tax suit is filed. MVBA will conduct its title examinations using the records of the Lamar County Clerk's office and local title companies. Title examinations performed by MVBA will confirm that the individual or company shown on the tax roll is the true owner of the property on which there is a tax delinquency and provide a proper legal description of the property. Our title examinations will also identify all liens on real property including federal and state tax liens and abstracts of judgment liens as well as those held by individuals and financial institutions as a result of deeds of trust or mechanics liens. We will send additional notices to parties we determine through our title research have an interest in property on which delinquent taxes are due and who may not have received any prior notification of the tax delinquency. These persons, usually lienholders, new owners or j oint owners, once notified of this delinquency, usually make prompt payment to our clients without unnecessary and costly litigation. After a delinquent tax suit is filed, MVBA will include a$100.00 title research fee, per suit, as a court cost. This fee is authorized by the Prop. Tax Code. (6) Litigation, Tax Sales and Tax Warrants (See Pages 19 through 23 of this proposal) * McCreary, Veselka, Bragg & Allen systematically initiates litigation to collect delinquent taxes. * MVBA files delinquent tax suits if the delinquent property owner fails to respond to the notices mailed by the Firm. * We obtain judgments against those defendant property owners who do not pay their delinquent taxes after suit has been filed. Subsequently, an abstract of judgment is recorded creating a judgment lien on the non-exempt real property of the defendant property owners. * If the taxes are not paid after judgment is obtained, the tracts of real property contained in the judgment will be posted for sale after consultation with the tax offices. Upon publication of the notice of sale, taxes on many of the tracts of real property are paid prior to the sale date. McCreary, Veselka, Bragg & Allen