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When you have a lien on your property

One situation that may come up when you’re trying to sell your home is the lien attached to your property — and you may not know it exists. A lien is a notification that you owe a creditor money, and before you can sell your property, you must pay off any liens in order to give a clear title to a buyer. But a lien may be many years old and you may have forgotten what led to the lien in the first place.

In fact, there are many types of liens, and all of them will prevent you from selling your home until they are satisfied, or paid off. A creditor can place a lien on your property if it sued you and won a court judgment against you. But creditors can also place a lien on your property without having filed a lawsuit, and one of the most common types is the property tax lien, which can even lead to your property being sold out from under you. If you fail to pay back taxes to the IRS, the agency may place a lien on your property, and they too may force a sale of your home if you owe them a large amount. Even problems with child support or alimony can result in a lien being placed on your property.

The bottom line, unfortunately, is that any liens must be paid before you yourself can sell your home. But the good news is that we can help you. At Backer Homes, we’ve worked with many homeowners in the same position over the past decade. Simply give us a call or complete our contact form here, and one of our specialists will be in touch to discuss your particular situation, answer your questions, and work with you to find the best solution for selling your home.