THidden Crisis: 4Closure Rescue LLC Warns Homeowners About the Rising Risk of Property Tax Foreclo

SCHAUMBURG, Ill. - Aug. 18, 2025 - PRLog -- Most people think foreclosure only happens when you fall behind on your mortgage. But across the country, thousands of homeowners are losing their houses for a very different reason: unpaid property taxes.

David Litt, founder of 4Closure Rescue LLC, is sounding the alarm. "We're seeing families who are current on their mortgage—but still facing foreclosure because of taxes," Litt explained. "It's devastating because many don't even know this can happen until it's too late."

Why Property Tax Foreclosures Are Rising

Unlike mortgage foreclosure, which often allows months of negotiation, property tax foreclosure can move quickly. In many states, if you're even a year or two behind on taxes, your county can sell your home to recover the debt.

Common triggers include:

• Job loss or reduced income
• Rising property assessments
• Confusion about escrow accounts
• Medical bills or other unexpected emergencies

"Sometimes the amount owed is shockingly small," Litt added. "We've seen families lose $150,000 homes over just a few thousand dollars in taxes."

The Human Impact

For retirees living on fixed incomes, or working families just scraping by, property tax foreclosure can feel like a trap.

Angela, a widow from Michigan, shared her story:
"I thought my taxes were covered in my mortgage escrow. By the time I realized they weren't, the county had already scheduled a sale. I nearly lost the house my husband and I built together."

What Homeowners Can Do to Protect Themselves

1. Check Your Escrow Account: Don't assume your lender is paying your property taxes. Verify directly with your county.
2. Understand Your State's Timeline: Rules differ. Some states allow redemption periods after a tax sale, others do not.
3. Seek Payment Plans: Many counties offer tax repayment agreements—but only if you ask before the sale.
4. Apply for Exemptions or Relief: Seniors, veterans, and low-income homeowners may qualify for reduced rates or hardship waivers.
5. Don't Ignore Tax Notices: Even if your mortgage is current, property tax notices must be opened and addressed.

A Call for Awareness

4Closure Rescue LLC believes education is the first line of defense. "Too many good people are blindsided by property tax foreclosure," Litt said. "We want to change that by spreading awareness and connecting families to real resources."

Contact:
David Litt
Founder, 4Closure Rescue LLC
📞 224-344-5700
📧 davidlitt@littproperties.com
🌐 https://www.4ClosureRescue.com