Selling a House with Back Taxes or Liens in WI
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Selling a house with back taxes or liens can seem like an overwhelming challenge. If you’re facing financial hardship or struggling with property tax debt, you’re not alone. Many homeowners in Wisconsin find themselves in similar situations, but the good news is there are ways to sell your house despite these complications. In this guide, we’ll explain how back taxes and liens affect your ability to sell, the options available to you, and how selling directly to CB Home Solutions can be a quick, stress-free solution.
What Are Back Taxes and Liens?
What Are Back Taxes?
Back taxes are property taxes that remain unpaid for an extended period. When homeowners fail to pay their property taxes, the local government can place a lien on the property. This lien represents the amount owed, and if left unpaid, it can eventually lead to foreclosure. Back taxes can accumulate quickly, and interest and penalties can make the amount owed even larger.
What Are Liens?
A lien is a legal claim on a property for unpaid debts. Liens can be placed on your home by various entities, including the government for unpaid taxes, creditors for outstanding debts, or contractors for unpaid services. Liens must typically be cleared before a property can be sold, and they may limit your ability to sell the house for its full market value.
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Sell Your House Fast In 3 Easy Steps!
Want to sell your house without the hassle of making repairs, cleaning, listing with a realtor, scheduling dozens of showings, and dealing with picky buyers? Get a cash offer from CB Home Solutions. We can buy your house without all the stress!
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Fill out the form to give us some details about the home you’re wanting to sell.
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We will schedule a time to look at the home so we can calculate our cash offer.
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If you accept our offer, pick the closing date that works best for you and get paid!
How Back Taxes and Liens Affect the Sale of Your Property
Title Issues
When you try to sell a house with back taxes or liens, the title of your property may be compromised. The lien or tax debt is tied to the property, not the individual, meaning that any outstanding taxes or unpaid debts must be cleared before the house can be sold. This can complicate the sale process and lead to delays or difficulties in closing.
Reduced Sale Price
Back taxes and liens can reduce the sale price of your home. The buyer may be reluctant to pay a premium price when they know that the house comes with significant debt. Alternatively, they may insist that the lien be cleared before proceeding with the sale. In some cases, you may need to settle the debt before selling, which can be a financial strain.
Foreclosure Risk
If back taxes remain unpaid for too long, the local government can initiate a tax foreclosure. This process allows them to take ownership of the property in order to recover the unpaid taxes. If this happens, selling the home becomes even more complicated, and you may lose the ability to keep any proceeds from the sale.
Your Options for Selling a House with Back Taxes or Liens
Pay Off the Debt
One option is to pay off the back taxes or settle the liens before selling. While this is the most straightforward approach, it can be financially difficult, especially if the amount owed is substantial. If you’re able to come up with the funds to pay off the debts, you can clear the title and sell the home without any complications.
Negotiate a Settlement
In some cases, you may be able to negotiate with the entity holding the lien to reduce the amount owed. For example, local governments may be willing to accept a partial payment to settle back taxes. Similarly, creditors may agree to reduce the debt or work out a payment plan. While this option can help you clear the title, it may take time and require significant effort.
Sell “As-Is” to a Cash Buyer
If paying off the debts or negotiating a settlement isn’t possible, selling your house “as-is” to a real estate investor can be a great alternative. A real estate investment company like CB Home Solutions can help you sell your home quickly and avoid the traditional real estate process, which often requires clearing liens and paying off taxes upfront.
The Foreclosure Option
If you’re at risk of foreclosure, selling your home before the foreclosure process is completed can help you avoid a lengthy legal battle and the potential loss of your property. Selling before foreclosure allows you to settle the back taxes or liens without having to face the damaging effects of a foreclosure on your credit report.
Cash For Houses In Wisconsin
Sell Your Home To CB Home Solutions
We want to make the process of selling your home as simple and stress free as possible. When you sell your house to CB Home Solutions, here is what you can expect from us:
![competitive cash offer](https://cdn.carrot.com/uploads/sites/23086/2022/06/competitive-cash-offer.png)
Fair Cash Offer
We’ll provide you with a cash offer based on home sale of similar homes in the area.
![simple sales process](https://cdn.carrot.com/uploads/sites/23086/2022/06/simple-sales-process.png)
Simple Sale Process
Our goal is to make selling your house as simple and stress-free as possible.
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Close When You Want
If you need to sell fast or need extra time, we’ll work with you to make it happen.
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Sell Your Home As-Is
You won’t need to make any repairs or updates! We buy houses totally “as-is.”
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No Agent Fees
We will buy your house directly without realtor commissions or fees.
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No Need To Clean
No cleaning necessary and leave behind anything you don’t want to take with you.
How CB Home Solutions Can Help
We Buy Houses “As-Is”
At CB Home Solutions, we specialize in buying houses in any condition, including homes with back taxes, liens, or foreclosure risks. We understand that dealing with unpaid debts can be stressful, and we aim to make the selling process as simple and hassle-free as possible. By selling directly to us, you can avoid the lengthy and complicated traditional selling process and move forward with your life.
Fast Cash Offers
When you sell to CB Home Solutions, you can receive a fair, no-obligation cash offer within 24-48 hours. Our offers are based on the current condition of the property, including any outstanding debts, so you can be sure you’re getting a fair price for your home. There’s no need to wait for buyer approval or deal with bank financing, allowing for a quick and easy sale.
No Repairs or Clean-Up Required
Selling a house with back taxes or liens can be stressful enough without the added burden of making repairs or cleaning up the property. When you sell to us, you don’t need to worry about making any repairs or staging your home. We buy properties “as-is,” meaning you don’t need to spend time or money preparing the house for sale.
We Handle All the Paperwork
At CB Home Solutions, we handle all the paperwork involved in the sale. Our team is experienced in dealing with properties with back taxes and liens, so we can ensure the process goes smoothly from start to finish. We work with title companies to ensure that all liens are accounted for and properly settled.
Close on Your Timeline
We understand that time may be of the essence when dealing with back taxes or liens, which is why we offer flexible closing options. We can work with you to choose a closing date that works best for you, whether it’s in a week or a month.
Cash Home Buyers Near Me In Wisconsin
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“This was my first time selling a home. I wanted a quick sale, that would not require much prep work. From my first inquiry with the company, I had quick responses and very clear information. Carter was great to work with and there were no unexpected “hiccups”. There was the initial meeting – walk through of the house. I had an offer within the hour and was able to choose the closing date that would work for me. If looking to sell your home in a convenient, low-stress way I would not hesitate to reach out to CB Home Solutions.”
– Amanda C
The Process of Selling Your House with Back Taxes or Liens to CB Home Solutions
Step 1: Contact Us
To get started, simply reach out to CB Home Solutions. You can call us or fill out our online form to provide some basic information about your property. We’ll schedule a time to assess your home and determine its value, factoring in any outstanding back taxes or liens.
Step 2: Receive a Fair Cash Offer
Once we’ve reviewed your property, we’ll present you with a fair, cash offer within 24-48 hours. Our offer will account for any debts associated with the property, so you can feel confident in knowing that we’re offering a fair price based on its current condition.
Step 3: Review and Accept the Offer
After receiving our offer, you can take your time to review the details and ask any questions you may have. Once you accept our offer, we’ll move forward with the closing process.
Step 4: Closing and Sale
We’ll handle all the paperwork and ensure that the lien or back taxes are addressed as part of the sale. When everything is complete, you’ll receive your cash and can walk away from the property with a clear title.
Frequently Asked Questions
1. Can I sell my house if I have back taxes or liens?
Yes, you can sell your house even if you have back taxes or liens. However, you may need to clear the debt or settle the liens before completing the sale. A real estate investor like CB Home Solutions can help facilitate this process by buying the property “as-is.”
2. How much will I get for my house if I have back taxes or liens?
The amount you can sell your house for will depend on the current market value and the amount of debt attached to the property. When you sell to CB Home Solutions, we’ll provide a fair cash offer based on these factors.
3. How fast can I sell my house with back taxes or liens?
Selling your house to CB Home Solutions can happen quickly. We typically provide a cash offer within 24-48 hours and can close in as little as 7 days, depending on your needs.
4. Do I need to make repairs to my house before selling?
No, you don’t need to make repairs. We buy homes as-is, so you can sell your house without worrying about fixing anything.
5. How does the lien or back taxes get paid off?
When you sell to us, we’ll handle the necessary paperwork to address the back taxes or liens. We’ll work with a title company to ensure everything is settled during the closing process.
Your #1 House Buying Company In Wisconsin
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We are Bryan & Carter, and together with our team, we will do everything possible to make you a cash offer that you are happy with! We are a father-son-owned business based out of Oshkosh, & we love helping the community. Every situation is unique, which means that every offer we provide is catered to your situation and needs. It’s easy to sell your house in WI to us. We will take care of everything and walk you through every step of the process.
Conclusion
Selling a house with back taxes or liens in Wisconsin doesn’t have to be a stressful experience. With the help of CB Home Solutions, you can sell your property quickly and avoid the complications of traditional real estate sales. We offer a simple, transparent process that allows you to get cash for your home without worrying about repairs, showings, or clearing liens yourself.
Contact us today to get a fair, no-obligation cash offer and take the first step toward moving forward with your life.
A Faster And Easier Way To Sell Your House In WI
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