TaxWatch®
First American has built a database carrying 135 million parcels with more than 25 million delinquent tax and tax sale records which is updated routinely to include recent payments and new delinquencies.
TaxWatch can be used for several different applications depending on your portfolio:
- Assistance in tracking loans in 1st lien position on a periodic basis
- Assistance with the tracking of 2nd liens which may have moved into a 1st lien position
- To review the status of real estate property taxes on loans moving into default
- Portfolio review for sales and acquisitions
- Lead Generation for second and reverse mortgages
- Predictive tool for anticipating default
First American can process a portfolio through a one-time or periodic match with as little information as the property address. In all cases, the property address will be standardized for the highest level of matching to the First American databases to derive corresponding taxing authorities and tax identification numbers which will be processed against our Delinquent Tax Database.
A report or file will be produced identifying properties found with delinquent taxes and/or a tax sale indicator as well as loans with taxes paid current and items not found on our database.
For items not found through the TaxWatch database match process or for loans found with delinquent taxes requiring an updated pay-off amount, a Tax Redemption statement can be ordered. This statement contains all applicable property tax data for each parcel searched such as: situs (property) address, owner, current and delinquent tax information and taxing authority information.
