Can You Sell a House if You Owe Delinquent Property Taxes?
“Can I Sell my House if I Owe Back Taxes?”
Wondering can you sell a house with taxes owed? Yes, you can! We Buy Houses Nationwide USA even if you owe back taxes.
In a situation where you have property taxes owed and need to sell your house quickly? People are sometimes forced to sell their homes for a multitude of reasons. We are real estate developers and we buy real estate with back taxes nationwide. Whether it is a house, land property, commercial property, industrial, or agricultural, we will make a fair cash offer. We provide an easy process on how we buy houses & we buy real estate nationwide USA. Can you sell a house with property taxes owed? Contact us below!
How Can I Sell My House With A Property Tax Lien On It?
If you’re looking to sell your property fast, knowledge is power. The more you know about your options, the easier it will be to find the perfect buyer. Some of the biggest questions homeowners have are related to properties with tax liens on them.
Sell Property with Back Taxes
What exactly is a tax lien?
Can you sell a property with taxes owed?
Is the amount added to the selling price?
Does the lien need to be paid at closing?
Is it even possible to sell my home if I owe back taxes or are delinquent on payments?
These are all important questions sellers have when looking for a quick sale.
Here are some answers to some of the most common questions sellers have about selling a residence with a lien on it:
Am I able to Sell My House or Land If There Is A Federal Tax Lien On My Property?
Answer:
A “tax lien” is a claim the government makes against your property if you neglect to pay, or are delinquent on taxes you owe to the IRS. These can be income taxes, property taxes, or other dues you owe.
The lien only exists after the federal government assesses your liability (records your overdue balance), and then sends you a Notice and Demand for Payment (the bill that tells you how much you owe).
According to the IRS you MUST pay the delinquent amount BEFORE you can sell (or refinance) your home. The lien can be paid in part or full by equity you have in your property, or out of the sales proceeds you receive at the closing.
Question: What if my house or land sells for an amount less than the amount on your lien?
Answer:
Thanks to the economic downturn, the government has systems in place to help homeowners who are struggling. The IRS says you as the taxpayer can request them to discharge the amount you owe – only to allow the sale to be completed. This is also true in the case of refinancing or restructuring your mortgage. They also offer Direct Debit Installment Agreement programs (DDIA) that will make it easier for homeowners to get their lien withdrawals granted upon payment.
How To Sell A House With A Property Tax Lien
Sell Property Fast for Cash
Let’s say you are selling a house in Florida for $100,000, and you still need to pay $80,000 for your current mortgage.
There is a tax lien for $5,000.
At the closing of the sale, both the current mortgage and the property tax lien would be paid from the $100,000 selling price.
This means you are left with $15,000 as your net profit.
So when selling a house with a lien the amount would be added to your part of the expenses during the closing of the sale. These amounts wouldn’t be added on top of the selling price. You would hope that the equity is sufficient to cover the lien price, but it DOES need to be paid before the new buyer can take over the title of the property.
Of course, this is a very simple example and there are many other variables and closing costs which must be considered, but hopefully, this helps you understand how the back taxes amount would NOT be added to the original selling price.
Can You Sell a House With Property Taxes Owed?
Searching for cash buyers for your house with taxes owed? We'll research your property and provide you an all cash offer within 24 hours. We can handle everything virtually if you choose. There's no obligation whatsoever!
If you are a property owner in the United States thinking about selling your house with property taxes owed or selling real estate with taxes owed by owner – without having to deal with the headache and hassle that the traditional process of selling real estate with back taxes inevitably brings to the table – we are excited to help!
For years now, we here at Owe Back Taxes Property have been helping our friends, neighbors, and communities all over the United States sell back tax property fast without the hassle of dealing with real estate agents and long waits on the open market to sell.
We have streamlined the process of selling property with taxes owed significantly, guaranteeing that your real estate isn’t going to sit on the market while other properties in the area sell.
Are you looking to “sell my house with taxes owed fast”? Tired of trying to figure out how to sell a house with back taxes by owner? Well, congratulations! We are real estate cash buyers that have the cash and other resources to buy your real estate fast for cash, irrespective of its condition, location, or price. We are ready to make you a cash offer for your property within a day! We buy all structures and even land properties. You can sell a property today by filling out the form on this page, emailing us, or calling at 202-826-8179!
Can You Sell a House With Property Taxes Owed
How to Sell a Property With Property Taxes Owed Nationwide USA:
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Sell Property With Back Taxes Owed Fast
Do you owe back taxes and plan on selling the property? Call (202) 826-8179 or complete the Sell Property Fast form.