Selling a house in Stockton is hard, and it can get harder when you need to move but you’re not sure if you’re legally allowed to. If your property is stuck under a lien, it can be a confusing time- but not with these helpful tips about how to sell your home with a lien, and what to avoid when doing it.
What Is A Lien?
In legal terms, a lien means that either part or all of your home and property technically belongs to someone else. A lien can come from a lot of places, like a builder who didn’t get paid for their work on your home; or the IRS, who believe you didn’t pay the proper taxes on your home; or even the court system, when your home is used as collateral in a debt. If you’re not sure whether or not your home has a lien over it, it’s easy enough to check with your county’s clerk, assessor, or recorder.
Getting Rid of A Lien
If you’re looking to get a lien taken off of your home, it’s easy to do. Before you pay it off, you need to double-check that it hasn’t already been paid– sometimes, notes like that can take a long time to disappear from your home’s history, even if they’ve been paid off. If it’s still standing, you can pay the debt- but if it has been paid, you simply need to contact the lienholder and ask them to remove it from your home.
Selling With A Lien
If you don’t have the cash to pay off your debt, though, you can always sell your Stockton home. To sell a house with a lien on it, you simply need to agree with your buyer that they’ll pay the lien when they buy the house. Be warned, though– this can turn a lot of buyers away from your property, and the more a lien is worth, the less likely it is that a buyer will agree to those terms. Many cash buyers, like Rapido House Buyers, though, are more than willing to help you through your lien, and plenty willing to help you pay it off so that you can move on with your life! If you’re looking to sell your house fast for cash, consider Rapido today, even if you have a lien. Give us a call to learn more.