Do you have delinquent property taxes on your house? Perhaps you are worried about what could happen if your property taxes go delinquent? In this post, we are going to share some tips on how to handle your property tax problems.
It’s frustrating how one small debt can snowball quickly into a huge debt married with penalties and interests. It’s a must to settle this debt to avoid losing your house to foreclosure!
What Can Happen
If you delay paying your taxes for too long, a lien will be issued on your property until you pay up. Eventually, the lien will be auctioned off and you will be forced to pay or worry about losing your house to foreclosure.
What You Can Do
There are a few options to keep in mind when you are dealing with delinquent property taxes. The first thing would be to pay them back. However, this is easier said than done when you have struggled to pay them in the first place. You can choose to get a loan to pay off the taxes, but then you will be robing Peter to pay Paul. However, it can help if you are on the brink of losing your home. Even if you can only make payments toward your debt, the county is likely to work with you before selling your debt to the highest bidder.
You can try to negotiate the amount the property assessor has valued your home. Make sure they have all of your property data correct and look at what they assessed in comparison to what properties in the area are selling for. If you see a something that seems off, take it up with the appraiser and see what you can do about getting your taxes lowered. Getting them lowered may be a bit of a challenge. Before you call the appraisers office, collect all applicable data so you can go into it well prepared and well informed.
Your third option would be to work with a buyer who is willing to help you tackle the liens and back property taxes you are facing. When working with a private buyer, make sure you are still receiving a fair price, no matter how desperate your situation might seem, you should always be treated fairly and receive an honest price.
How houseo LLC Can Help
We can help you by buying your house completely and taking care of liens, back taxes or anything preventing you from selling the house the normal way. We have worked with people all over the area who were dealing with property tax problems. Yours won’t be any different. Get in touch with us!