If you have property tax liens, you may be considering what your options are to deal with them.
Obviously, the easiest thing that you can do is pay them off in cash. If this isn’t an option, you may consider selling the home. If you do this, you will need to be able to sell it for the payoff to your mortgage company plus the balance of the tax liens. Paying off the tax liens in full will be necessary in order to convey clear title to the new owner.
What happens if you just ignore the liens?
If property tax liens aren’t paid during a set point in time, the property may be seized by the government. It will then be sold to pay off the liens. Another possibility is that a tax lien certificate may be sold. When someone purchases a tax lien certificate, they have the right to foreclose on the property if they are unable to collect.
To learn more about how to fix credit score, please visit CreditRepairCollege.com
Related posts:
Comments on this entry are closed.