Falling behind on your property taxes puts your home in jeopardy. Once your account reaches a certain number of days outstanding, your local government will put a lien on the home. If you don’t pay the back taxes, the tax authority could seize and sell your house through foreclosure. And if the tax authority doesn’t sell your house, they may sell the lien to an investor, allowing them to receive a deed to your home. Therefore, taking swift action is important if you’re behind on your taxes. Continue reading to learn what to do if you owe taxes and need to sell your home fast.
What Happens If You Don’t Pay Property Taxes?
You can lose your home if you don’t pay property taxes. Your local tax authority can sell your property through a tax deed or tax certificate sale. In a tax deed sale, the tax authority sells the property (usually at an auction). The jurisdiction sells the lien to an investor in a tax certificate sale. Regardless of the type of sale, overdue property taxes pose an immediate threat to you as a homeowner.
If you’re facing legal issues and can’t pay your property taxes, we can help. We buy houses in any condition and allow you to sell your home as is. There are zero fees to sell your home, and you can sell your home with a lien.
Can a Realtor Sell a Home with a Lien?
While you might be able to sell a home with a lien through a realtor, there are a few things to consider beforehand. However, the lien must be cleared before the buyer can take possession of the home. Either the seller or the buyer must pay the overdue taxes. For this reason, some buyers might be hesitant to purchase (or view) a home with a lien. Realtors may also not want to work with properties with liens, as they’re harder to show prospective buyers. You should also remember that you’ll need to pay a 6% commission to the realtor once your home sells.
Why You Should Sell Your House to a Cash Buyer
Selling your home with a lien to a cash buyer is the best way to get cash fast. If you’re searching for “sell my home relocation” or “sell my house in a bad neighborhood,” you’ve come to the right place. At RHED Key Properties, we make it easy to sell your house quickly and relocate to Mobile. We have made dozens of cash offers in Alabama and are ready to make an offer for your home next. Contact us today to get an offer and sell your house in Alabama within a few days.
Get a Cash Offer from RHED Key Properties
If you’re facing foreclosure due to unpaid property taxes, you’ve come to the right place. RHED Key is the number one source of cash home offers in Alabama. We also buy all types of homes, including inherited property, homes with liens, and properties facing foreclosure. Whether you’re looking for a solution to “sell my home downsizing” or “sell my home title issues,” we’re ready to help. Contact us today to sell your home for free, with no fees, and receive a fair cash offer within 24 hours.
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