How to Sell a Home with a Tax Lien in Houston
Is it possible to sell a home with a tax lien in Houston? Yes, it could be a complicated and tedious process, but it can be done with much ease and quick if you would know what to do.
As the owner of the property, understand that there are many obligations that are on your shoulders. Having a tax lien to your home logically adds up to those responsibilities. And it is a must to clear things out before putting out your property in sale.
Failure to settle the tax lien may result to unnecessary hassles and delays in the home-selling process. But as mentioned, selling a home with tax lien in Houston has already become common and it has become a process that is getting more and more known so that property owners are starting to get used to it (and even the home buyers).
First step
So how should you start into this challenging process? The first step would be to coordinate with the local tax office. It will surely orient you to the proper way of doing things. But to give you an idea, you would be asked to accomplish a discharge or subordination form.
This form is necessary to completed especially if you are selling or even refinancing the home. You might ask, what is that form for? The discharge or subordination application is aimed at starting the process to remove the lien from your home. This way, the property could be transferred to any new owner without the lien.
The tax collecting body would give another creditor the important right to be paid prior to the payment of the tax lien. This is an important factor for prospective property buyers, who would logically not like the idea of assuming any tax deficiency upon home acquisition.
Documentary requirements
When the form is completed, be sure to submit all documents that are required (as stated there). As always, incomplete applications will not just lead to the possibility of disapproval. Submitting incomplete requirements will also surely cause unlikely delay in the clearing of property tax lien.
You may also inquire with the tax agency personnel if there is any way that the application could be expedited. This is possible in special cases like if the property is a candidate for foreclosure and its owner is trying to avoid that to happen. If selling your home with tax lien in Houston also comes as an urgent task, it could also be possible to seek such speeding up of the process.
Most of all, keep your patience and determination high. Nobody says the legwork involved in this entire process would be easy. But if you know the proper ways of doing things and if you have the drive to really do it, you don’t have to feel the burden of getting off the tax lien from your property that would be solved.