Tax Monitoring & Payment Vendor

Lender · Ladera Ranch, CA · Member since 2014 · 1k+ posts · 1k+ votes

Does anyone have a vendor they can recommend that monitors & pays property taxes for NPNs and REOs? I'm still doing this manually, which is motivating me to find a way to automate the task :)

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Chris SeveneyBusiness Member

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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes

@Andy Mirza

I use info pro.

I can do an intro if you wish

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Fred Moskowitz
Fund Manager · Philadelphia, PA · Member since 2019 · 41 posts · 52 votes
5y
@Andy Mirza check out NRTT - National Real Tax Tracking, for tax monitoring services.
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Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
5y
@Andy Mirza
I use info pro.
I can do an intro if you wish
7e investments53 Reviews
Website View Page
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Chad U.
Investor · Boca Raton, FL · Member since 2012 · 1k+ posts · 1k+ votes
5y
Originally posted by @Andy Mirza:
Does anyone have a vendor they can recommend that monitors & pays property taxes for NPNs and REOs? I'm still doing this manually, which is motivating me to find a way to automate the task :)

Your servicer should be able to do this as well
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Andy Mirza
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Lender · Ladera Ranch, CA · Member since 2014 · 1k+ posts · 1k+ votes
5y
@Chad U. We use FCI for most of our loans and they usually hit us up when escrow is short. We then have to cut a manual check to cover.
Are you saying that for normal operations, they have a system in place to monitor & pay the taxes? If so, that'd be great and I'll need to contact them to set it up.
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Chad U.
Investor · Boca Raton, FL · Member since 2012 · 1k+ posts · 1k+ votes
5y
Originally posted by @Andy Mirza:
@Chad U. We use FCI for most of our loans and they usually hit us up when escrow is short. We then have to cut a manual check to cover.
Are you saying that for normal operations, they have a system in place to monitor & pay the taxes? If so, that'd be great and I'll need to contact them to set it up.

I'm not sure about FCI, but many servicers use a 3rd party like Corelogic, Lareta, NRTT, etc to track taxes. There's generally a setup fee and ongoing monthly charge but is minimal, like $3/mth.

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