Simple Home Selling Advice

Less is More, Minimize Your House for Staging

Staging your home for sale is all about making your house feel bigger. As you clear out the clutter, your home will start to feel larger. Adopt a less is more attitude and minimize your house for staging. Minimizing centers...

January 16th, 2019 Read More

5 Must-Do Tips to Declutter Your Home

Staging is a necessary evil of selling your house. But you can’t stage a cluttered house. Potential home buyers will want to see everything, which means there’s no stuffing clutter into closets or basements. To show off your home at...

January 25th, 2019 Read More

Curb Appeal Tips for Staging Your House

Selling your house can be tough. But you can have a successful showing by starting with a potential buyers first impression— your home’s curb appeal. A positive first impression starts when potential home buyers pull up to your property. Spend...

January 14th, 2019 Read More

5 Reasons Why You Shouldn’t Resolve to Make House Repairs This New Years

It’s New Year’s again. Time for resolutions, right? If you’re like most people, those resolutions are directed toward self-improvement— lose weight, stick to a budget, read more— most of us make countless lists! Many people also turn home improvement goals, things...

December 27th, 2018 Read More

Top 25 Reasons to Sell Your House for Cash

Thinking of selling your home? Are you already stressing about the sale and overwhelmed about all the repairs you’ll have to make, the time it will take, and the lifestyle disruption? There’s also the worry about finding the right real...

December 27th, 2018 Read More

Sell Your House Fast for a Fresh Start in the New Year

The new year is the perfect time to think about the changes you want to make for a happier, healthier life— and this includes where you live. If you’re looking to make big changes in 2019, start with your house....

December 27th, 2018 Read More

Symptoms and Signs of Foreclosure

Overall, foreclosures in the U.S. are in a bit of a down period, even with a slight increase from last year. To put things in perspective, one market report showed that during the first quarter of 2018, 189,870 U.S. properties...

August 29th, 2018 Read More

Making The Best of A Foreclosure Situation

One of the biggest myths when it comes to foreclosure is the moment you get that first message from your bank or lender, your fate is sealed. This simply isn’t true, and if you don’t believe it, simply put yourself...

August 29th, 2018 Read More

The Best Way To React To A Mortgage Emergency

As of April 2018, the unemployment rate in the U.S. was at 3.9 percent. This may sound like a good number at first, but it’s little comfort to the many people out there who find themselves suddenly without a job for...

August 29th, 2018 Read More

Can You Sell a House with a Tax Lien?

Tax issues can cause a lot of uncertainty when it comes to your finances. Many people with outstanding taxes feel they could be a target at any moment. A tax lien is one of the most worrying things the IRS can level...

July 26th, 2018 Read More

Get an offer on your home

*All fields required.
*All fields required.
Thank you!

Tax issues can cause a lot of uncertainty when it comes to your finances. Many people with outstanding taxes feel they could be a target at any moment. A tax lien is one of the most worrying things the IRS can level against you, but your back isn’t up against the wall if you have a lien leveled against your property. In fact, if you work with the right professionals, you may still even be able to sell a house with a tax lien on it. Here is what you need to know.

What is a tax lien, anyway?

A basic tax lien is a document filed by the government alerting the general public that you have an unpaid debt through a certain entity. The obvious one most people think of is a federal tax lien. However, you can also have a lien put against your property if you are behind on state taxes, property taxes, or even homeowner association fees, too.

In fact, Fred Croop, a certified personal accountant and dean of professional studies and social sciences at Misericordia University in Dallas, PA mentions that  “In general, I would probably rather have an IRS tax lien on me than a state municipal one right now.” There are stories of people out there losing their homes over a few hundred dollars in back county and city taxes, but these aren’t the norm. Part of the reason why state liens may be concerning is the fact that they can vary. For federal tax liens, the most likely immediate consequence is a large credit hit, as much as 100 points.

Don’t go to the levy.

Should your lien graduate to a tax levy, you have a lot more to worry about. A tax levy is a formal legal seizure of a property to pay off your tax debts.

Note that there is still a way to get out of your tax lien by selling your home, but there has to be one very important provision: your lien has to be greater than the amount of equity in the house. If this is the case, you can sell the loan by getting a federal tax lien certificate of discharge. However, this requires a lot of time and work with the IRS, and there are a lot of issues here. For one, your poor credit may hurt your chances of finding another place to live. If you are in a dire financial situation, you may not have the time to work with the IRS then a real estate agent to sell your house.

Sell a house with a tax lien.

There is another method—though. You can sell a house with a tax lien on it also if you are willing to sell as-is. In this case, you can pay your debts with a portion of the sale. Professionals can help walk you through the process of working with whoever is holding your lien.

A tax lien on a home is a scary situation for anyone to deal with, especially if they have a history of financial problems. In some cases, selling your home quickly can not only get you out from under this issue but give you a quick infusion of cash to get back on your feet. To make this happen, you need the help of companies like HomeGo are a perfect match. We can help you sell your home quickly —at a fair price— while avoiding the issues you may have trying to sell a home with a tax lien through a real estate agent or other avenues.