Are you behind your property taxes? I will buy your Jonesboro and Paragould property and pay your outstanding taxes. You’re also covered if you live in Rector, Marmaduke, Brookland, Walnut Ridge, Trumann, Lafe, Oak Grove, or Bay. We serve Jonesboro, Paragould, and the surrounding Arkansas towns.
Perhaps you failed to pay your property taxes two years ago. If this is the case, your city or county government may levy a tax lien, or legal claim, against your home. Or perhaps you haven’t paid your federal income taxes in three years. The federal government has the authority to file its lien against your home.
Even if a government agency has filed a tax lien against your home, you can still sell it. Selling your property could potentially help you pay down your taxes: If you sell your home for a high enough price, you may be able to repay both your mortgage lender and the government that filed the tax lien.
However, while it is possible to sell a home with a tax lien on it, the procedure is not simple. If you can pay off your tax debt before listing your house or persuade a government agency to dismiss it, that may be a preferable option.
What Exactly Is A Tax Lien On Your House?
When you fail to pay your taxes, the government files a tax lien against your residence. If you do not pay your property taxes, your city or county government may place a lien on your property. If you fail to pay your federal income taxes, the IRS may levy a lien against your house. If you do not pay your state income taxes, the state may file a lien against your residence.
These tax liens are a method for the government to collect the money you owe them. When you have a tax lien on your house, you cannot profit from its sale until you have paid off your tax bill. You also won’t be able to refinance your mortgage until you’ve paid back those taxes.
It is crucial to realize that a tax lien does not imply that a government agency has taken possession of your home. Liens, on the other hand, are a mechanism for governments to ensure that they will be paid if you do sell your home. However, if you neglect a property tax debt for an extended period of time, your city or county government may foreclose on your home. The same applies if you owe taxes: If the IRS has filed a tax lien against your home, this agency has the authority to seize your property if you disregard your debt for an extended period of time.
However, there are ways to avoid this. One of the more typical options is to sell your home and use the earnings to pay off these liens, which, in my opinion, does not work effectively.
Look! We’ve got good news here. Don’t bounce off. Patiently read till the end. There’s light at the end of the tunnel.
How To Sell a House With Outstanding Property Taxes
If you need to sell your home to pay back property taxes, you may be able to utilize the proceeds to pay off your debts. Otherwise, you may need to get a lien release or find the perfect buyer for your house: a real estate investor.
Sell To A Real Estate Investor
Selling to a real estate investor is the greatest approach to sell a house with unpaid property taxes. A real estate investor has the time and cash to help you out of a jam, and they will not flee if they notice a lien on your title. They have the real estate expertise to give you informed guidance and can assist you in finding the ideal solution for your situation.
When you sell your home to a real estate investor, you can close the transaction on your schedule. You will also not be required to make any costly repairs or alterations to your house, hire a Realtor, or wait while they arrange financing. Many real estate investors desire to close on home sales swiftly, with rapid cash offers, so you can clear your debt and sell your home quickly and without the fuss of a typical sale.
You have options if you owe taxes but wish to sell your home. There is a solution to handle this issue that will fix your financial troubles and let you move forward in a new home, whether you can pay back the taxes you owe before selling your property or utilize the home sale to pay back your debt. Those options are still ineffective.
So, how can we assist you in paying back taxes on your tax lien property?
Triple L Investments assists in the repair of your home as well as the payment of past taxes. We are a Northeast Arkansas real estate investment firm focused on the acquisition, development, and management of single-family, multifamily, and commercial properties in Jonesboro, Paragould, and surrounding communities.
In Arkansas, if you do not pay your property taxes after a few years, your house will be auctioned off. Many folks are behind on their taxes and are afraid of losing their homes. Triple L Investments LLC will help repair your property and pay your back taxes to get it in good standing.
What’s more, we buy the property after we pay off your outstanding taxes.
Why You Should Believe Us
We are a licensed Northeast Arkansas real estate investment firm that specializes in the acquisition, development, and management of single-family, multifamily, and commercial properties in Jonesboro, Paragould, and the surrounding communities. Included are Rector, Marmaduke, Brookland, Walnut Ridge, Trumann, Bay, Lafe, Oak Grove, and Bay.
Triple L Investments provides another option for selling your home. There are no fees for listing. There are no commissions for agencies. And a straightforward, painless closure procedure. You will not have to worry about repairs or improvements. Our service to you is to alleviate you of the stress and trouble that comes with dealing with a property. Sell your home without the hassle of a traditional sale.
If you like to come to see us, our address is 501 W Franklin St, Marmaduke, AR 72443.
For additional information, please visit our website at https://www.nearentalproperties.com/.