Liens Owed
Avoid a Lienholder Foreclosure!
San Antonio Texas
 

Actual note written by a 7yr old child that overheard his father discussing his tax problem.
Liens Owed


Don't be discouraged from selling your house because you have liens, judgments or title problems. While there are all types of liens that can prevent you as a property owner from selling a property quickly, these are problems that can be easily overcome with the right expertise. Some liens are more presiding over other forms of liens, but all when left unpaid, present both a temporary and permanent problem that will eventually need to be resolved. When a tax lien has been exercised for example, it usually causes your foreclosure process to proceed faster than a lien exercised by a lender. Maybe you have a lien from the Code Enforcement because your property was perhaps vandalized or is maybe now vacant.

If you have unpaid back taxes and have not cooperated with the demands of the IRS to make the payments of the tax amount owed, it is likely that eventually you will receive notice of a tax lien, which will later turn into a tax levy. How does Uncle Sam shake you down? The IRS will first send you a letter with an assessment of your tax liability. This letter will typically state the amount that is unpaid as well as late payment penalty and interest. If the assessment letter is ignored, the IRS will follow up with four more letters, CP-501, CP-502, CP-503, and CP-504. These letters will get more and more threatening as the numbers get higher. The final one of the CP letters mentions it's intent to levy. After these letters are sent to the taxpayer and there is no response or the tax amount is not paid, the IRS determines that they are not able to collect the tax the conventional way, so the IRS will then file a Notice of Federal Tax Lien (NFTL). Once you receive this tax lien, the lien has already been attached to your property. The purpose of the tax lien is to prevent you from selling or borrowing against any of the major assets that you own. With a tax lien in place, it gives legal claim to the IRS over that piece of property that the lien was placed and removes your rights to the property, thus leaving you with an unfavorable, permanent disposition. Moreover, tax liens are public records, so everyone will know your dilemma and will aggravate you even further by sending you flyers, advertisements and offers that will charge you an expensive price without any results.

Even if your mortgage has been paid on time, you can still face a foreclosure. If a lien or unpaid balance has affected your property creating a legal issue, the petitioning party has the right to attempt to collect what they are owed. These can be sourced from your Home Owners Association (HOA), an attorney filing suit against you, or a third party looking to liquidate or seize your assets. In the event that a lien holder does NOT attempt to collect what is owed to them now, you will have to pay it later on when you are considering selling your property. We can evaluate your property and determine what course of action is best to resolve your problem!

The best course of action is to contact us and not wait until your problems are compounded or finalized. Do NOT worry! We are experts at dealing with situations that involve liens and title problems! We can provide you with a free all cash-offer, and buy your property quickly ending your problem!

Contact Us today, and let us help you avoid a lien-catastrophe!                    



 
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Liens Owed