Liens are never fun. They can come in many forms including a tax lien, a medical lien or even a mechanical lien for work that contractors did on your home. If you're planning to live in your house for a while, the lien doesn't effect you.
But, as soon as you want to sell, or even refinance, you need to pay that lien off before you sell. And, of course, the cost of the lien increases over time with interest and other fees (and yes, sometimes the rates can be high and are certainly higher than regular interest rates.
As I mentioned when it comes time to sell your house, you need to have those liens paid off...otherwise title won't clear...and your house won't sell (even if you have a buyer and a written contract).
Of course when most people have liens on their home, there are other issues (e.g. behind on mortgage payments or house needs other repair).
So what does one do if they have a lien they can't pay...and they want to sell the house...but can't sell the house until the lien is paid...and they won't have the money until the house sells (sounds like a chicken and egg scenario, right?).
Well one creative solution is to sell your house to an cash investor. They can simultaneously pay off the lien and buy the house from you. If you live on Commack NY and want to sell your house quickly and for cash, we can help. We buy houses on Long Island for cash. We buy houses "as is," so even if you can't make these repairs, don't worry. We'll buy the house from you, so you can sell it quickly. In fact, if you need to, we can close in as little as 2 to 4 weeks. (Bear in mind that the average time on market for Long Island is currently 6.5 months.)
We buy houses on Long Island for cash!
We can help you speed up the whole process so that you can get your house sold quickly. Don't worry if your house needs a lot of repairs or clean up. We will take care of all of this, as we can buy the house “as is.” We can even close in 2-4 weeks.
Call me (Rich Witt) at 516-330-6940 if you’d like to discuss further.