Getting a lien placed on your house can be distressing because it seriously puts threat on you and your family. One of the most common questions we receive from customers is “can I sell my house with liens?” Selling the property with a lien is complicated but definitely possible. We’ve seen enough success stories to know this for sure.
What Happens When You Have a Lien on Your House
When you have a lien on your house, your creditor gains the right to seize your property anytime.
Creditors often place liens when the house owner fails to pay up their monthly dues for quite some time. They will usually go to court, and under favorable judgment, they can place a lien on your house and have the power to seize it.
To remove the lien, you have to pay off your debt or strike a deal with your creditor if you can. If all goes well, the lien holder or your lender will issue you a Certificate of Release which acknowledges that you already paid the debt and the lien is being lifted.
Until that, or at least until you move out or sell your house, you are obliged to deal with the lien problem to avoid losing the roof over your head.
Can I Sell My House with Liens on It?
Selling your house gets a little complicated with a lien. This attaches to the property and not to you, so when you sell your property or move out, it will not follow your name. However, it does present problems if you’re trying to sell your house.
If a house has a lien, it will show up when a mortgage company searches the house title, and they can reject the mortgage for that house. Because buyers are not willing to take on the burden of paying off the outstanding loans, you will have a hard time in selling it.
Although, all hope is not lost. The answer to the question of can I sell my house with liens is a big YES. Your best chance is to look for local companies that buy a house with a lien against it.
Companies that Buy a House with a Lien Against It
Real estate investors or cash buyers buy houses with liens all the time. For these companies, handling a property with a lien is pretty easy because of their years of expertise.
Alamo City House Buyer is one such company. Alamo City House Buyer has been around for years and knows how to deal with lien problems. So if your property has a lien, but you need to sell it as soon as possible, just get in touch with us, and we’ll provide a quick way out.
Moreover, you don’t have to worry if your house has any damages that you can’t afford to repair. It’s no problem we can’t handle. So can you sell a house with a lien on it? You bet!
A lien doesn’t have to tie you down and limit your chance of regaining your financial freedom. Let us help you with your lien problems. Call us now and get a quick cash offer, and get a better shot at rebuilding your financial life.
If you can’t make it to our office for a face to face conversation then we’ll come to you. We service all of San Antonio; Selma, Cibolo, Schertz & New Braunfels.