15 March, 2020
"Everything was quick & Easy. We did the whole process in less than 2 weeks. Great Service!"
"Seamless, easy transaction. No hassle, no stress."
"It was so easy and painless...I recommend you to anyone"
"A very easy, quick, reliable process"
"Easy Breezy! Everything Steve said it was, it was"
"Very, very quick. I would recommend Steve to anybody who wants to sell their house As Is"
"Easy & Painless. I thought it was going to be a process to sell my house but it wasn't"
"Easy! He came out to look at the property and then here we are at closing within a week."
How to sell a house with liens (even with negative equity)
We put together these Frequently Asked Questions about selling a house with liens, back taxes and mortgages. Feel free to give us a call if you have any other questions.
Can I sell a house with a mortgage or liens on it?
Yes you can sell a house with mortgages or liens on it. Traditionally these liens would be paid off at the closing using the funds from the purchase. There is some flexibility on this with certain liens being able to be “assumed” by the purchaser.
What if my mortgage is higher than what the house is worth?
Negative equity can happen if your house has aged or the market has gone down. It does make it hard to sell because if you do a traditional sale you will need to pay the difference between what the house sold for and what you owed. There are options to get around this if you are dealing with a sophisticated investor like Home Buyer Louisiana (because let’s face it no one likes to pay somebody to take their property). If you are in this situation then we could facilitate a short sale with your bank, or buy the house above market rate by leaving the financing in place and taking over the mortgage payments. Everybodies situation is different and we have a lot of experience buying houses with negative equity so give us a call or fill out our contact form to see if we can help you out.
Can I sell a house with a road home lien?
Yes you can, but the lien will need to be paid off at the closing or agreed to be assumed by the buyer. It is very likely that some (or all) of your road home loan would qualify to be forgiven. When we buy a house with a road home lien we get our title attorney to work with you to get the maximum amount of the loan forgiven so you keep more of the cash sale in your pocket.
Can I sell a house if somebody has bought my property tax debt?
As long as the house has not been foreclosed on yet then you are free to sell the property. You would need to pay the taxes and the interest at the closing which would come out of the sale proceeds. If someone does own your property tax in Louisiana then they have the right to foreclose on your property after 3 years or 18 months if the property is vacant.
Can I sell a house that has code enforcement liens?
Yes you can sell a house with code violation liens. The liens would have to be paid off at the closing. The title attorney would pay them directly from the proceeds of the sale. If your house is still not up to code it is up to the new buyer to fix the issues to avoid further code violations. Home Buyer Louisiana buys house with code violations all the time and is happy to buy them As-Is and take responsibility for getting them up to code.
Can I sell my house if it has a contractors lien?
Yes you can sell your house with a contractor lien. This lien would need to be paid at the closing and you can use the proceeds of the sale to pay it.
Not sure if you can sell your house?
Give us a call and we would be happy to talk you through your options. We have bought houses in many different situations and have a strong network of title attorneys and real estate professionals to draw upon. We often find that people come to us having tried to sell their house through many mediums and think that they can’t find a solution. We love nothing more than showing people like this that they do have options.