How to Handle Liens and Tax Problems When Selling Your House in Roanoke VA

When you have a lien on your home from tax debt, your increasing penalties and interest are likely adding pressure to your situation.  Because tax debts continue to climb as time passes, taking quick action will save whatever equity remains and remove the dark cloud that lingers over your head. Whatever you do, don’t try to hide the issue or list your home before you’ve devised a strategy to free yourself from your lienholders’ entanglement, as this could lead to further costly delays.

Selling your home may be the solution to resolving your problem; however, the process is already fraught with stress, and the presence of a lien or tax problems will complicate matters. Therefore, you must clear this debt to sell the property and do so in a specified order dependent upon the status of the lienholder, such as primary or secondary mortgages or tax liens that are always primary. In more complicated cases, it’s advisable to work with a professional tax advisor or attorney to assist you. 

Once satisfied, whatever you do, ensure that you receive documentation that you paid off the debt with a recorded lien release, lien discharge, or satisfaction of mortgage. If you find that the lien is still on the house and have proof you’ve paid the taxes, you’ll need to file a request for a certificate of release before closing. Ready to learn more about how to tackle this situation? Read on as we discuss how to handle liens and tax problems when selling your house Roanoke VA. 

Expiring

While sticking your head in the sand is not the best option, if you’re nearing the ten-year mark of living underneath the lien and the amount is low, the IRS may permit the debt to expire. However, take great caution with this approach as there is only a slight chance of your debt simply vanishing. So typically, instead, Uncle Sam files suit against the debtor for collection.

Pay It Off

Of course, if you should have the funds available, the simplest way to handle liens and tax problems when selling your house Roanoke is to pay off the debt.

Negotiate

You could try negotiating to handle liens and tax problems when selling your house Roanoke if there isn’t enough equity to cover the total debt. An attorney should be involved in this process.

Dispute

Disputing the debt is another way to handle liens and tax problems when selling your house Roanoke VA; however, you must have a qualified tax advisor appointed to represent you if the debt is with the IRS.

Buyer 

While complicated, another way to handle liens and tax problems when selling your house Roanoke is to look for a cash buyer to purchase the property, if circumstances allow this option legally, knowing that the buyer must pay the debt if they want to sell the home in the future.

Linken Investments

Your best option is to sell for cash to a direct buyer from Linken Investments and work the payment from your proceeds into the closing. Then, talk to the experts at Linken Investments who can help. We’ll relieve you of the burden of liens and tax problems when selling your house Roanoke VA with the quick, easy and transparent process at Linken Investments. Furthermore, the direct buyers at Linken Investments never charge commissions and offer guaranteed closings, working with you for the most convenient date, usually within a matter of days. In addition, you’ll have the numbers in your hand to compare our offer against the profits you’d realize with a traditional listing, so you can decide what the best option is for yourself. Call Linken Investments at 540-523-1591.

Ditch the Drama, Get Cash Fast: How Linken Investments Can Help

Forget the stress of showings, repairs, and endless waiting for a buyer. Here at Linken Investments, we buy houses in Roanoke, VA, offering a fast, hassle-free solution to your home-selling woes.

Here’s why Linken Investments might be the perfect fit for you:

• Cash in Hand, Fast: We buy your house directly, eliminating the uncertainty of traditional financing. You get a guaranteed closing date that works for you, and walk away with cash to move on with your life.
• No Fees, No Fuss: Forget agent commissions and hidden costs. We cover everything – no cleaning, painting, or repairs needed. Sell your house as-is and save yourself the extra burden.
• Leave the Paperwork to Us: Our attorney handles all the paperwork and legal complexities, at no cost to you. Our focus is making this process as easy as possible.
• Fast Decisions, Guaranteed: Unlike traditional sales with uncertain buyers, we can quickly determine if we can help. No waiting for financing approvals – we’re ready to buy now!
• Local Expertise, Any Condition: We know the Lynchburg market inside and out. Whether it’s location, condition, or even existing tenants, we can help you sell your house fast, regardless of the situation.
• Options for Everyone: While we offer cash purchases, we also understand that one size doesn’t fit all. We explore various options with you, including installment sales and traditional MLS listings.

Peace of Mind is Priceless: When you work with Linken Investments, you’re dealing with a reputable local company that prioritizes your needs. We’ll take the stress out of selling your house, allowing you to focus on what matters most.

Ready to Discuss Your Options? Contact us today at 540-523-1591 for a free consultation. Let Linken Investments help you turn your house into cash – fast!

Give us a call or text anytime 540-523-1591 or fill out the short form here today!