Pay-Off Tax Liens by Selling Your St. Louis House For Cash

Many say that there are two certainties in life — death and taxes.

However, there’s a third, and that’s a tax lien on your property when you fail to pay taxes for three years.

You’re not alone if you’ve received a tax lien on your St. Louis house. Nearly 3,000 properties have been placed on tax sale auctions in St. Louis.

Find your property in these tax lien auctions, and it will just be a matter of time before foreclosure proceedings start and you lose your home.

Fortunately, you can avoid foreclosure by using the equity you’ve built to pay off your outstanding taxes — and the best solution is to sell your St. Louis house for cash.

Find out more about tax liens and why you should accept a cash offer to pay off your tax obligations in St. Louis.

Tax Liens — What They Are and Why They Are a Problem

A tax lien is a claim placed on your property for unpaid taxes. When you fail to pay taxes, the government may place a lien on your property as a sort of collateral.

Think of it as a way for the government to have a way to recover unpaid taxes. With every month you’re unable to pay taxes, the local government adds 2% to your outstanding obligations.

If there’s a lien placed on your property, several things can occur.

Challenges Selling Your House

First, you won’t easily be able to sell it until you’ve paid off your taxes. Even if you manage to sell it, the lien will still stay on your property until the outstanding tax obligation is settled — and you’ll be hard-pressed to find anyone who would foot the tax bill.

Foreclosure

Let’s also not forget the risk of foreclosure. There’s a period in the tax lien proceedings where you can pay your outstanding taxes.

Fail to settle your tax obligations within the period, and the government can foreclose your property or — worse — sell it to someone else.

A Dent in Your Credit Score

Lastly, your credit score can take a hit when there’s a lien on your property. With a tax lien on your St. Louis house, your score can become lower and prevent you from taking out loans or a secondary mortgage.

Potential Causes of Tax Liens

A lien can be placed on your St. Louis house for the following reasons:

• Unpaid Property taxes: The local government can place a lien on your property if you’ve failed to pay property taxes for three years.
• Failure To Pay Income Taxes: If you’ve failed to pay income or business taxes, your assets, like real estate, can be claimed by the IRS.
• Not Paying Estate or Inheritance Taxes: Another way you can incur a lien on your property is by failing to pay estate or inheritance taxes. Tax authorities have a right to place a lien on your inherited property if you’ve failed to pay the required estate or inheritance taxes on it.
• Discrepancies in Your Tax Audit: The IRS may also place a lien on your property if it discovers that you owe more taxes than you’ve paid.

How Can I Pay It Off with Equity?

There are various options to use equity to pay off your tax liens and void foreclosure. The best one is selling your house.

Selling your St. Louis house enables you to free up the necessary funds to pay off your taxes and even your outstanding mortgage balance.

Sell for Cash

But how can you sell your home with a lien on it? After all, buyers won’t want to shoulder your tax burden. Luckily, we at Faster House offer a legitimate solution — sell your house to us for cash.

We can buy your house even with liens on it and help you avoid foreclosure.

Get a free cash offer today and find out how much we’d be willing to pay you for your St. Louis property.

What We Mean By “Any Condition Properties”

At Faster House, we buy houses as-is in St. Louis. Whether your property has deed issues, back taxes, or is condemned, we’ll buy it regardless of its condition. It’s a free cash offer today if your St. Louis house has any of the following conditions:

• Needs repairs: Your house might require significant updates or renovations, but we’ll off your hands regardless of its current state.
• Renovations went wrong: Have you started a project that’s been overwhelming? We’re here to buy your house, completed or otherwise.
• Code violations: Don’t worry about bringing your property up to code. We’ll do it even with code violations.
• Trash-filled: Clutter and unwanted items won’t stop you from seeing your home’s Damaged homes: Whether it’s natural disasters or neglect, we’ll buy a home even if it has sustained considerable damage.
• Bad rental property tenants: Renting out your house can be a headache, but we’ll buy rental property regardless of its occupancy status.
• Hoarder homes: Houses filled to the brim with belongings are no problem for our team.
• Fixer-uppers: Do you own a property that needs a complete overhaul? We’re interested in purchasing it as-is, saving you the time and expense of renovations.
• Dirty and in bad shape: No need to spruce up your property before selling; we’ll keep its current condition, no matter how unkempt it may be.
• Death estates: If you have a property you don’t won’t manage, we can take it off your hands quickly and easily.
• Abandoned properties: Have you left a property unattended for an extended period? We’re interested in purchasing it from you.
• Rundown homes: Even if your house has seen better days, we’ll make a fair cash offer without requiring any improvements.
• Foundation cracks: Structural issues like foundation problems aren’t barriers to us. We’ll come home and handle the repairs ourselves.
• Vacant land and houses: Whether it’s a lot or an unoccupied home, we’re purchasing your property in any condition.

We’ll be your St. Louis house no matter what life situation you’re in. Whether you’re ready to pay off legal fees or free up funds for medical bills, we’re just one call away.

Check Out Our Testimonials

We’ve countless homeowners moving out and moving on with our competitive cash offers.

Check out our testimonials and get an idea of the fast and hassle-free home-selling experience that awaits you.

Read About Us

Do you want to learn more about how we buy homes for cash?

Read about us and discover why we’re Stwe’reis’s Louis’seam for fast, fair, and free cash offers.