Are you needing to sell a house in Knoxville that has tax liens? We buy houses Knoxville, TN that have tax liens! When you work with us, we will help provide a super simple way to rid yourself of back taxes on your home. Lets dive into how you can get cash for your house in Knoxville.
Selling a house with tax liens can produce a challenge for homeowners. Any type of lien on a house can pose to be a serious roadblock, especially tax liens. Fortunantly, selling your house can provide a great way to relieve yourself of tax debt, even if the lien is on the house! It’s always advisable to contact the government body that has placed the tax lien on your house as soon as possible. It can be a long process! The sooner you contact the tax authorities, the sooner you can begin working towards a solution.
Again, take action as soon as possible. Not only can the process take a little while to resolve, but you can save yourself money by acting as quickly as possible. Tax debt is normally accompanied by interest and fees. The longer you allow this to drag on, the more you will spend in interest and fees.
We have put together a list of common ways to resolve your tax lien on your house in Knoxville. With that said, always consult a licensed professional about your personal tax situation. Each situation is unique and should be addressed by someone licensed.
How Can I Sell My House With Tax Liens?
Abatement
It is common for some local tax authorities to forgive or reduce your tax lien debt. Review the type of tax lien on your Knoxville House and contact the appropriate authority. If you have a unique hardship, you may be a great candidate for taking advantage of a tax abatement.
Pay Off The Delinquent Tax
The easiest way to resolve a tax lien debt on your Knoxville House is to simply pay it off. If you have enough equity in the home, the title company will simply pay this lien off for you. But you need to protect yourself by verifying that lien was in fact resolved.
Dispute The Tax Lien
If the tax lien has been settled, or you think this is due to an error, consult an attorney about disputing this lien for you. Hiring an attorney to help you dispute the error will help you sell your Knoxville house much faster.
File For A Certificate Of Discharge
When you file for a certificate of discharge, the IRS will release the lien from your house. This will help you sell a Knoxville house much easier. Although the lien is released, you are still responsible for the debt.
Expiration
Some tax bills actually have a statute of limitations. It is common for a period of 10 years to meet this threshold. Although this might mean you won’t have to sell your Knoxville house, it is not considered to be the best course of action.
File For Bankruptcy
Sometimes your best option may be to file for bankruptcy. If the amount of debt exceeds your financial resources, consult an attorney about bankruptcy. This could potentially be your best option to sell your Knoxville house. But, to maintain ownership, you may still owe a portion or all of the debt.
We Buy Houses In Knoxville With Tax Liens!
We are reputable Knoxville home buyers that will do everything possible to buy your house in cash if you have tax liens. We have years of experience working directly with local title companies in Knoxville on resolving tax liens on Knoxville homes. If you are simply wanting to sell your house as-is and walk away from the burden, call us for a cash offer on your house. Simply fill out the form below or Check out our suggested pages below to get a jump start on knowing more about us, how our process works, and how you can sell your house fast!
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