Liens are obtained through a court process, and they give a party the authority to place a claim against an asset (in this case, your home) due to unpaid bills.
Parties generally can place a lien against a home if a debt is owed to them, with the main purpose of preventing the sale of a property until the debt is paid in full. Another purpose, however, is to take ownership of the property to pay off the debt.
When selling property with a tax lien, these are the most common types of liens to look out for:
Tax Lien – A tax lien is a government claim against assets, including a home. These are usually the most serious types of liens and will take priority over all others if there are multiple liens against a property.
Property Tax Liens – These liens are placed on your house for unpaid property taxes that are due to the county or city.
State Tax Liens – These liens are placed on the property for back taxes due to your state’s Department of Revenue (DOR).
Federal Tax Liens – These liens are placed on your home as a result of unpaid income taxes owed to the IRS.
Mortgage Lien – Also known as a property lien, lenders will place mortgage liens against homeowner property when the owner is behind on multiple mortgage payments.
HOA Lien – If you’re a member of a homeowner association and you’ve fallen behind on your dues, the association may place a lien against your property.
Utility Liens - If you happen to fall behind on several utility payments (most commonly unpaid water bills), utility shut offs may occur and a lien is placed on your property from your local jurisdiction.
Stop Tax Foreclosure Fast
Need to sell a house that is falling apart? Selling a house as is?
We buy houses, condos, townhouses, multi-family and commercial properties in MD and nationwide USA in any situation or condition.
If your house is old or needs repairs it is often best to sell it in “as is” condition so you won’t need to make repairs and will not be held responsible for any deficiencies in the home after you sell it.
When looking to sell a house before foreclosure in poor condition, you will generally need to find a cash buyer.
Most buyers use bank financing when purchasing a home. A house in as is condition is going to struggle to get through all the inspection reports and requirements the banks require when they lend money on a property.
We can pay cash for your house in pretty much any condition! It might be fire damaged, have termite damage or active termites, foundation issues, be full of junk, have black mold, have water damage, been sitting vacant, leaking roof, no roof, you name the situation and I bet you we have seen it. Worst case scenario, if the house needs to torn down there is still value in the land!
You can leave your furniture and unwanted belongings behind when you sell your house as is. We know it can be hard to get a house totally clean, particularly if someone has lived there for awhile. The benefit of selling a house before foreclosure as is, is that you can take what you want and leave the rest of your stuff behind. No need to clean up the house or make any repairs!