Discovered a lien on your property? Don’t panic.
With $22 billion in unpaid property taxes in 2023, you’re not alone.
Selling a house with a lien is possible—it just requires strategic planning.
Here is most all you need to know: understanding liens, navigating legal complexities, and finding the best path to a successful sale.
Your financial challenge can become an opportunity with the right approach.
Key Notes
- Multiple lien types exist: voluntary (mortgage) and involuntary (tax, judgment).
- Resolve liens before selling through negotiation, payment, or cash buyer options.
- Title search reveals liens; buyers typically require liens to be cleared.
- Unresolved liens can delay or prevent property sale, risking serious consequences.
Involuntary liens, on the other hand, are imposed without your agreement, often as a result of unpaid debts leading to serious financial implications. Here are some key examples: - Tax Liens
- If you neglect to pay your property taxes, the government can place a tax lien on your home. This legal claim ensures that your tax obligation is prioritized.
- The National Tax Lien Association reported that in 2023 in the US, a staggering $22 billion in property taxes went unpaid. This highlights how critical it is for homeowners to stay on top of their obligations and proactively manage their finances.
- Judgment Liens
- If you owe money and a court issues a judgment against you, a judgment lien can be placed on your property. This means you lose some control over your home until the debt is satisfied.
- HOA Liens
- Failing to pay your homeowners association fees? They have every right to place a lien on your property to recover the unpaid dues.
Learn more at link below - https://www.mosshomesolutions.com/blog/can-you-sell-a-house-with-a-lien-on-it
FINAL THOUGHTS:
Are you buying new properties? We recommend having corporate entities under each property address. And do another layer by having a Trust or Family office manage these properties.
