A lien on your property indicates that you owe the government or your lenders money. A creditor’s initial step in seizing property is usually to file a lien. Until those loans are paid off, you can’t refinance your mortgage. It serves as notice to the debtor that action is being taken. If you are wondering how to sell your house fast in Phoenix, a lien can cause significant distress. So, how can you sell a home in Phoenix with a lien on it? Here are a few simple ways to do it.
See If Your Home Equity Can Cover the Debt
You may be able to sell your property and pay off your debt if you have enough equity in it. This method can take care of the mortgage debt and closing costs after taking care of the liens.
If you don’t have enough equity to pay down both your mortgage and your tax lien, consider alternative options. One easy solution is to sell your home to cash home buyers in Phoenix, AZ, to manage the liens.
Talk to the Authorities to Resolve Your Tax Problems Amicably
The best solution is to pay your debts and liens before attempting to sell your home. Your lender will be able to offer you a restructured payment plan. The IRS and other government organizations are eager to work with you to set up a monthly payment plan to pay off your tax burden.
There Are Buyers Willing to Take Over Your Lien
Though this is a distant possibility, the buyer may be prepared to absorb the lien if the debt amount is not significant and your home is valuable. This option is made feasible by a property in a well-developed neighborhood with all the latest amenities and facilities. To find potential, interested buyers, showcase your property’s best attributes.
Selling Your Property for Cash
Cash home buyers in Phoenix will buy your home as-is for cash! Whether there is a tax lien or any other lien, they will buy it. They have the funds to make quick purchase decisions and can make an offer in less than 24 hours. Cash homebuyers don’t charge any realtor commission or fees, so you get to pocket more cash.
We buy houses in Phoenix, AZ, for cash! Give us a call today or fill out the form below with some basic details. Our team will contact you and offer you a stress-free home sale in Phoenix, AZ!