Every single time we talk to a client who’s looking to sell my house fast in Houston, Texas, one issue always pops up. And that’s the issue of tax liens. So apparently, so many property owners in Texas are hesitant about selling or even exploring the real estate market on this side because they are afraid their tax liens might derail the whole process.
And this is something that has affected so many people, especially those who have had to deal with liens that are so high that they only way out, is to sell and repay the debt. First off, here’s a word to the wise: Don’t even think about wasting your time talking to the government, if you’re trying to settle a tax lien in Houston, Texas.
Don’t reach out to the IRS, don’t reach out to the state authorities, or local government. If you do, you’ll live to regret that decision. Those guys aren’t there to help you, but to help the so called “citizens.”
Secondly, you have to understand that the process of settling any tax lien is a tedious process. You could go at it alone if you have information about how to navigate the system, or reach out to a professional real estate investor who has been in the same situation before.
We Buy Fast Houston Houses
Have you ever heard of cash buyers who are always eager to help property owners get out of a jam and move on with their lives?
We just want you to know there’s someone out there who understands your struggles, and is ready to help you out, if you’re willing to work with them. By now you must have realized that there no way around this problem. Tackling it head-on is the only way out, and you’ve got to be swift.
Burying your head in the sand while hoping you’ll wake up tomorrow to find your tax problems have disappeared is an obtuse way of reasoning. The penalties will be so high and interests will keep on increasing. Eventually, you’ll have to let go of the money you saved in the form of equity, and that’s the most heartbreaking thing in the world.
Abatement
There’s always the option of abatement. All you’ve got to do is reach out to your local taxing authorities, and ask for a repayment plan. The authorities do have the power to create one, or just forgive the back taxes. But there’s a caveat: You have to find a way to prove beyond reasonable doubt that you’ve been experiencing significant hardship.
How will you be able to prove that? By giving them your income statement. Look for statements that go back all the way to the beginning of the year, and deliver them together with any other supporting document that you could think of.
Paying At Closing
This is actually what most property owners do nowadays. Instead of waiting for the state to repossess the house and leave you with nothing, you could look for a buyer who’s willing and ready to make you the right offer. Once you find them, ask your real estate agent to help you facilitate the sale so that you could pay off what you owe.
For more information about how to deal with tax liens, reach out to We Buy Fast Houston Houses.