25 april 2016
Can You Sell A House With A Lien On It? Tips From Home Buyers

One of the more frequent hurdles in selling homes these days is when people ask if they can sell a house with a lien on it? The short answer to this question is – yes. A house can be sold when there is a lien or judgment on the property. However, when there is a lien on the house, the steps to this process can be confusing and rather frustrating for people in this precarious position. Take our quiz below to see where you stand:

Traditionally, liens on any property are paid by a closing attorney who represents the seller based on the money that the buyers have purchased the property. Most of the time people will figure in the cost of the lien into the total purchase price of the property. The negative result of this is that the property value doesn’t quite match up to the amount being asked for purchase. And as such, many of these type of sales tend to take longer periods of time to find that perfect buyer who will pay more than the house is actually worth.

But in today’s housing market, there are many people in this situation. Whether they have releases of liens that have not been filed, judgments from creditors or bankruptcy hearings and other financial restrictions placed on the property. However, there are few things that can be done if the house is a homestead that will allow home sellers in this situation to sell houses by having some judgments dismissed or having to pay reduced releases on the lien.

To find out more FAQ about liens, what they are and how they affect you, check out: What is a Lien and How Does it Affect Me?
How to Identify All Possible Liens

3 Steps

TO FOLLOW When Selling A House With A Lien

When you’re in the position of having to sell a house with a lien, the best advice we can give is to look at all your options, never rush into it, and find the best option that will provide you a quick sell and minimize your financial losses. If you want more facts about how we help sellers who have liens on their homes, you can give our friendly staff a call at 713-909-4119 or visit our FAQ page to get more information.

How to Sell a House with a lien on it
3 steps

  • Do some Research On Property Value.
  • Determine the listing Price with liens and fees.
  • Consider working with a company that sells "as-is".

Resolving the Lien

In many cases, the liens can be paid with the proceeds from the house as long as there is equity in the house.

Big State Home Buyers helps our clients through this process at little or no out-of-pocket cost to them.

Call: 713-909-4119

for more information!