Life happens for many reasons causing you to sell your house fast for cash and most of them out of our control: divorce, inherited a house you don’t want, sell a house with liens, expired listing, can’t afford the repairs, job or military relocation, or mortgage payments just becoming too much to handle. If you have a lien on your Weatherford house, you may feel stuck if you can’t sell the house or pay off the lien. For many people, the thought of selling their house can seem like a lot of work accompanied by a long list of expenses. The good news is, you don’t have to feel stuck in your unwanted house any longer. Maybe you just started thinking about selling your house and are unsure which direction you want to go. Learn more about how to sell a house with liens in our latest post.
How To Sell A House With Liens in Weatherford
What Is A Lien?
According to Bankrate, a lien is a claim made on a property in order to satisfy a debt. It is a way for a lender or creditor to recoup what is owed to them. Having a lien on your Weatherford house doesn’t mean you can’t sell it. It simply means you need to satisfy the lien before doing so.
Why Do You Get Them?
The most common types of liens are mechanic’s liens, judgment liens, and tax liens. Mechanic’s liens come from contractors who work on your house. They will often issue a lien on your house to ensure they are paid. A judgment lien comes when you lose a court case and need to pay someone else for a loss. A judgment lien will be filed against your assets until the payment is received in full. A tax lien is issued when you do not pay your state or federal income taxes. A lien can even be filed in the case of unpaid alimony or child support. If payments aren’t being made as directed by the court, the receiving party can file a lien against the owing parties property.
Check Your Title
Generally, after locating a solid possibility, people buying a house for cash will want to make sure some kind of purchase-and-sale agreement has been drawn up. Check out your county assessor and clerk to search for liens on your property. A title company will check for liens at the time of sale, but you want to be prepared before that. It is not uncommon to find a lien in your name you weren’t aware of. It might have been put in your name erroneously or filed without your knowledge. You don’t want to be surprised when you decide to sell.
Effects On Your Credit
A paid off lien will linger around on your credit report for up to 7 years. An unpaid lien will stick around for 10. These can be big red flags to future creditors when you are attempting to borrow. Having liens on your credit report will make you appear to be a risky borrower and lower your odds of being approved.
Remedy The Situation
The fastest way to remedy the situation is to pay off the lien. It always pays to sweeten the deal to make it more attractive for buyers. This is often easier said than done. If you weren’t able to pay off the debt in the first place, you might still have trouble. Many lenders will work with you as long as you make a plan for repayment. Many people will accept repayment upon the sale of the house. Other creditors will demand payment before the house is sold. Mortgage liens, filed against your property by your lender, won’t affect the sale of the home. Talk to an attorney if your situation is complicated or if you are unsure about what to do to satisfy a lien.
A great way to sell a house with liens in Weatherford, is to sell your house to a direct buyer, also known as a local house buyer. Many home buyers will opt to take financial responsibility for the lien, thus enabling you to sell the house. TMC Property Solutions will help you pay off your lien and buy your house for cash. We can help with liens or any other difficult challenges you are facing when trying to sell your Weatherford house.
We here at TMC Property Solutions offer cash for houses in Weatherford and the surrounding area. We’re local houses buyers and have been helping local homeowners sell their house quickly since the year 2000 with no closing costs, no commissions, no hassles.
We do a variety of things with our homes from holding them as rental homes ourselves to remodeling them and flipping them for someone else who would love to live a beautiful home themselves, and some we wholesale to other investors to fix-n-flip.
Are you ready to sell a Weatherford house? We can help! Send us a message or give us a call today! (817) 550-5069 Opt# 1
If your Weatherford house qualifies, we can you make you a quick and fair cash offer, then you decide if selling a house with liens works for you or not, so reach out to us today. No risk, no obligation.
Or, if you’re not feeling comfortable about determining your home’s value yourself and you just want to sell your house fast in Weatherford or a nearby city, the easiest thing to do is call a local house buyer like TMC Property Solutions. They can do the comparable market analysis for you and make you a fast and fair cash offer for your house and close on a date of your choice.
TMC Property Solutions is a Veteran owned/family run business and has been helping families across the DFW Metroplex since the year 2000, “buying houses fast”, providing solutions for home sellers that work. We are an accredited business and A+ rated members of the Fort Worth BBB.
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