Are you feeling overwhelmed by property liens or tax issues in San Antonio? Do not despair! Our latest post will teach you how to effectively sell your house with liens or tax issues.
It can be an almost impossible task as a homeowner in San Antonio to sell your house with liens or tax issues. Without enough funds to pay off the debt, it can be challenging to unload the property and this could leave them stuck and even further in debt. Through our post, you can learn more about property liens and the ways to move forward and sell your house in any situation.
What Is A Lien?
Per Investopedia, “A property lien is a legal claim on assets which allows the holder to obtain access to the property if debts are not paid. A property lien must be filed and approved by a county records office or state agency. It is then delivered to the property holder with specific terms notifying them that action has been taken to repossess a piece of property.”
When it comes to real estate, lenders might place a lien on the house if the mortgage payments are not being made in a timely manner. Other liens such as a mechanic’s lien or a judgment lien might be applied to the property if work is performed without payment. If the homeowner is unable to pay off the lien, the issuer is then allowed to foreclose on the property. This can significantly impede the ability to sell the house until the debt is fully paid.
Sell Directly To Lone Star Real Estate Solutions LLC
At Lone Star Real Estate Solutions LLC, we can take care of the liens and tax problems by quickly and efficiently purchasing the property for an excellent price. This could make the hassles and headaches of trying to sell your house with liens or tax issues in San Antonio a thing of the past.
Create A Repayment Plan
A repayment plan can also be discussed with the creditor as an option to pay off the debt. They usually want to be paid for what is owed, so if you make a real effort, they will be more inclined to be accommodating. This can take time, and depending on the debt you are in, you might have to wait longer than you hoped for to be able to sell the property. However, once the liens are removed, you will be able to put your house up for sale.
Dispute The Lien
In case you do not agree with the lien that was applied to your property, you still have the chance to dispute it. Make sure you have all the required documentation and have a valid case against the creditor. Additionally, you should start to fight the lien as soon as it is applied to the property. Take into account that creditors have done their research and know what they are entitled to.
If the dispute is based on bad performance by the contractor, save records of the promise, delivery and money spent to fix errors, as well as inspection dates, photos, and more.
Consequences of Not Resolving Your Liens and Tax Problems
It is crucial to resolve liens and tax problems as quickly as possible, as failure to do so may lead to foreclosure of the property. So do not hesitate to contact the creditor and settle the situation, or get in touch with the team at Lone Star Real Estate Solutions LLC to sell your house with liens or tax issues right away in San Antonio.