Should the process of a title search reveal existing liens, it can certainly clog up the gears on the sale of your home. A lien is a legal notice of an unpaid debt. For example, suppose you feel the claim details are incorrect or that the creditor filed the lien on your property in error. In that case, an attorney can assist you in researching the history and helping you negotiate for final payment if the debt is valid.
Liens also have different priority levels against the debt, and when the property sells, the order of the highest priority lien determines the order of payment. While not always applicable, the date filed determines repayment priority. Understanding which type of lien is on the property can make handling the lien a bit less overwhelming. Read on to explore liens and how to sell a house with liens in Lynchburg VA.
There are two types of consensual or voluntary liens. The lender can take possession of the property with either kind of lien, known as foreclosure, and ends in an auction to sell a house with liens in Lynchburg. The first is a purchase-money security interest lien, such as a mortgage wherein the asset used to purchase a home is the subject of the loan. The other type of consensual lien is the non-purchase-money security interest, such as a second mortgage, wherein the debtor utilizes the property as security for a cash loan.
Enacted by operation of law or statute, statutory liens are non-consensual or involuntary and are typically tax-related, giving the creditor secured interest on a property. The creditor may pursue the secured interest and have the property sold. Liens that result from court proceedings from a lawsuit from an individual or company filing a claim are known as judgment liens. Ultimately, if the borrower fails to fulfill the loan terms, this type of lien allows the creditor to take the property’s title and sell a house with liens in Lynchburg.
Creditors who seek repayment file the lien against a property and receive a payment if the property sells or, in some cases, a creditor can seize the property and sell a house with liens in Lynchburg to recover the debt. If you cannot repay the debt, you may find you’d be better positioned financially in the future by taking steps now.
Pay Off Your Liens
You could sell a house with liens in Lynchburg on your terms before further action by the creditor and thereby arrange to pay off or resolve the debt on your terms. Because existing liens can complicate the process, it’s beneficial to work with a pro experienced in these listings, like the professional investors at Linken Investments. When you pay off the debt, you need to request a release-of-lien form from the lender, a local attorney, or your local government. This form will need to be notarized and filed with the county recorder. You should be aware there may be filing fees associated with the process, which makes the release of the lien public information. If you’re paying off a federal tax lien, when paid in full, the IRS will provide you with the release of the notice, which you will forward to the county to remove the lien.
Sell Directly to Linken Investments
If you find yourself short on money, time, or the patience necessary to deal with the hassles of listing and showings, call Linken Investments instead – we can help. The professional investors at Linken Investments have helped other homeowners just like you overcome the hurdles that liens can throw at you; we’re happy to answer any questions you have about a direct sale and help ease your mind of any concerns. A direct sale to Linken Investments is a quick process; your closing could be in a matter of days or slightly delayed if you need just a little more time to move. The professional investors at Linken Investments don’t charge commissions, and there are no hidden fees in our straightforward contracts; you won’t even pay closing costs. At Linken Investments, we will lay out the numbers side by side so you will know what the property would sell for through listing and all of the costs you would face by selling on your own. Then, we will detail our offer, allowing you to understand the numbers for yourself to see the offer is fair. The pros at Linken Investments are your neighbors who live and work here in Lynchburg; therefore, we take every step to ensure you feel good about the deal from the first time we speak until long after closing.
Save time, save money and make the process easy on yourself by working with Linken Investments to sell a house with liens in Lynchburg and walk away from the closing with cash in hand. Contact [company] at 434-390-2906.
Linken Investments LLC. makes it easy! So, why not keep more of your money, save time, avoid showings, and sell your Lynchburg house directly? Contact Linken Investments LLC. at 434-390-2906 today!
Linken Investments, Lynchburg’s Trusted Home Buyer and Seller
Linken Investments LLC. is a local real estate solutions company based out of Lynchburg, VA. We are Lynchburg’s Trusted Cash Home Buyers. We have been buying houses for cash in the Lynchburg area since 2005. We are also Licensed Realtors in the state of Virginia. Since we are areal estate investment company as well as a licensed and reputable real estate agent, we have multiple ways we can work with you to sell your home on your schedule and for the highest price.
Our years of experience are one reason clients trust Linken Investments to complete the sale of their property quickly with honesty and integrity. We’re a family-owned business and focus on helping homeowners like you find solutions to your problem whether you’re going through a foreclosure, selling an inherited property, or just need to sell your house fast for any reason. Linken Investments offers you the chance to sell your home in a simple, stress-free, cash transaction, or you can list the house with us. We’ll sell your Lynchburg area house at the highest possible price with our wide buyer network and the best marketing in Lynchburg.
Linken Investments can buy your home exactly as it is, no repairs or cleaning needed, and we pay all cash and close fast, in as little as 7 days or when it works for you. Plus, we don’t charge commissions, and we pay all closing costs. Think of all the time and money that can save you. There’s no easier or quicker way to sell your house and get on with the next chapter in your life.
It won’t cost you any money and only about an hour of your time to find out how much cash we’ll pay you for your house. And you’ll be under no obligation to accept our offer, so you have nothing to lose but a house that’s standing between you and the life you want to enjoy.
Give us a call or text anytime 434-390-2906 or fill out the short form here today!