Detroit Cash For Homes gets many questions like “how to sell my house with a lien in Clawson against it?”
So far, we have interacted with countless homeowners trying to sell their properties. Of course, the situations vary from one seller to another. We come across various cases including houses in probate, homeowners facing foreclosure, houses with a lien against them, etc. Here, we will talk about the last one – a house with lien against it.
However, before we delve into the selling process of such houses, you should know what it means. Let us have a look:
- What Does a House in a Lien Mean?
If a property is in a lien, it means the owner is under an obligation to pay someone. The reason could be anything – from tax debt to pending mortgage or failure to pay for child support. We have dealt with homeowners who have faced lien against their properties because of job loss, medical conditions, and other emergency cash needs. If you are someone facing such an issue and want to sell your house in lien, we have got you covered.
Here is a guide to selling your property in a lien successfully.
- Selling a House in a Lien: Things to Know
- Is it a voluntary or involuntary lien? – The first thing you should know is that to sell your house in Clawson with a lien, you need to find out if it is voluntary or involuntary. When a person puts the house as collateral to take out an automobile or mortgage loan and fails to return it on time, it is a voluntary lien. In this case, the lender can foreclose the property.
On the other hand, some creditors do not need consent from a borrower to file a lien. This is referred to as an involuntary lien. - Can I sell a house with a lien against it? – The answer is yes! It is possible if you sell it to cash home buyers in Clawson. In contrast, a traditional route requires you to pay off a lien and clear the title before selling the house.
Cash home buyers allow you to sell your home in a lien as-is and pay off your debts. But it is advisable to hire someone experienced in buying properties with a lien attached to them. After all, they understand the process involved and can help you sell it fast. - Is your buyer reliable? – It is a daunting task to find a buyer to sell a property in a lien, especially on an open market. Most buyers and realtors may not seem interested in your property if they come to know about your lien. For this reason, it is best to hire an estate buyer in Clawson, MI, who can meet your needs.
- Is it a voluntary or involuntary lien? – The first thing you should know is that to sell your house in Clawson with a lien, you need to find out if it is voluntary or involuntary. When a person puts the house as collateral to take out an automobile or mortgage loan and fails to return it on time, it is a voluntary lien. In this case, the lender can foreclose the property.
Are you planning a holiday-season sale? Detroit Cash For Homes has got your back. We buy houses in Clawson as-is, which means you do not have to spend money on repairs and upgrades. With Detroit Cash For Homes by your side, you can close the deal in seven days and get cash fast. You can use the sale price to clear a lien against your house.
If you are searching for experienced cash home buyers in Clawson to sell a house in lien, get in touch with Detroit Cash For Homes. Call us today to discuss your property.