A tax lien can be placed on a property mainly for one reason: delinquent (or unpaid) property taxes. This occurs mostly in states where property taxes are considerable. The Greater Houston Area market is a particularly active area for real estate tax liens because Texas is one of the states where the property tax to house value ratio is the highest. A tax lien is essentially a penalty that is placed against a property when a homeowner has failed to pay their property taxes. This is a way that government enforces their property taxes.
Homeowners with Tax Liens Have Two Options
Distressed properties are really popular right now in terms of real estate acquisition. Individuals who have tax liens placed against their properties have two options laid out in front of them.
- Continue to try to work under the tax lien to pay off their debt and eventually to regain full ownership of their home.
- Go ahead and accept the situation and the fact that paying off the debt that he or she owes might not be feasible.
The question of what to do in this latter situation ultimately boils down to how the homeowner wants to proceed. In Houston, it would be wise to contact Senna House Buyers, a company with a great deal of experience in dealing with the tax liens real estate issues.
Senna House Buyers Solves Tax Liens
Any homeowner in the Greater Houston Area who has faced a tax lien being put on their property knows the panic that comes with it. Warnings, impending consequences, and penalties; it is a harrowing situation to which the immediate reaction is: how do I solve this? The unfortunate answer is that no solution will be simple or terribly easy. The good news is that if you live in Houston, then we at Senna House Buyers can help. Having any sort of tax lien placed against you is a scary situation, but having a tax lien placed against your property is much more concerning. You can often live without a portion of your paycheck, but having your home taken from you can be devastating. The goal is not to have this happen to anyone, though many face this proposition every day.
Consider This: Sell Your House for Cash
If you are a homeowner who has a tax lien placed against your home, it might be worth considering to sell your home for cash instead of laboring under a tax lien that you may not be able to get rid of. Senna House Buyers knows how difficult these issues can be and will not pressure homeowners into deals or actions they are not comfortable with. That being said, you do not have to fear losing your home if you make the proactive decision to instead sell your house quickly. Senna House Buyers can help with this, even if your house is under a tax lien.
Senna House Buyers offers a suite of services related to helping people to buy or sell distressed properties. We have a great deal of experience in dealing with properties that have tax liens placed against them. The professional staffers who work with Senna House Buyers on tax liens issues have dealt with all sorts of situations in the past, in every iteration you can imagine. The Senna team is not only experienced and skilled in dealing with real estate tax liens issues, but is also fully committed to achieving the individualized results that clients are seeking.