Can I Sell My House With Delinquent Taxes In Houston?

Are you asking yourself “Can I sell my house with delinquent taxes in Houston?”  If so, this short blog post is what you need to read RIGHT NOW.

Can I sell my house with delinquent taxes in Houston

Can I Sell My House With Delinquent Taxes In Houston?

To answer your question, yes you can sell your house with delinquent taxes in Houston.  The taxes have to be paid, but we have a solution for that!

Harris County charges property taxes to pay for services in your neighborhood such as emergency personnel and schools. If you are unable to pay your property taxes, you will be penalized by accruing tons of interest or even losing your home.

While Harris County tries as often as possible to NOT possess houses that accumulate back taxes, they also don’t allow unpaid taxes to accumulate above a certain point. The higher the amount owed, the more difficult it becomes to collect (or on the other hand, to pay).  As the taxes become higher, this is where most people get in trouble.

There are some companies that actually pay/loan the back taxes for home-owners in certain situations, but the interest rates are high.  I wouldn’t recommend using one of these companies since it will most likely keep you in debt, but you can consider this as a last resort.

Can I Sell My House With Delinquent Taxes In Houston – What If The Taxes Go Unpaid?

There are many potential consequences when property taxes aren’t paid. First of all, the Harris County will begin adding interest to what you owe, and this is what you DO NOT want!  The amount varies, but you might have penalties charged once each month.  This will add to your balance, making it even harder to dig yourself out of the hole. Also,  the collector may calculate interest daily which will drive up what you owe as well.

The tax collector may also file a property tax lien for the amount of taxes owed. The lien gives the tax collector interest in your property, and will prevent you from getting a mortgage or selling the property until you pay what is owed. Liens of any type on a property’s title are known as “clouds” or encumbrances and are a headache you want to avoid.  Once the tax collector has a property tax lien against your property, it can move forward with other collection methods, such as foreclosure. Unpaid tax liens may show up as unpaid debt on your credit history.

Foreclosure policies for property taxes vary by area. Some local governments put properties with delinquent taxes up for auction, with the successful bidder becoming the new owner of your property. Other local governments sell tax liens as certificates to private investors. A third party who buys your tax lien can foreclose on it using the foreclosure procedure found in the local laws. A third possibility is the local government taking ownership of your home and selling it later to recoup owed taxes. Unpaid tax liens may show up as unpaid debt on your credit history.

Are There Any Solutions?

Of course there are solutions!  You don’t have to lose your house once you fall behind on property taxes.  If your inability to pay the property taxes is short term and temporary, you might consider contacting the tax office and negotiating a repayment plan. Keep in mind that the missed payments accumulate interest. If you live in an area with high property taxes, the amount owed can accumulate very quickly.

Another option that many will not want to here  is to simply walk away from the property. Property taxes attach to the property, not the current owner. Remember that this option will likely reflect poorly on your credit for years to come. Liens are a matter of public record. Credit bureaus regularly check public records for things like liens and add them to peoples’ credit histories where applicable.

A better option would be to sell your house to a house buying company like us over here at Reg Buys Houses before the amount owed puts the house at risk of foreclosure. The property taxes that you owe come out of the sale price for the house, meaning that no additional money will be taken out of your pocket. So if you owe $10,000 in property taxes and we buy your house for $50,000, you will leave with $40,000 CASH in your pocket.  That sounds way better than losing your house and getting $0 for it.  If you are falling behind on your taxes and are unable to repay your delinquent taxes, selling your house is the best option.

Reg Buys Houses works directly with homeowners that are behind on property taxes everyday to resolve liens and taxes at no cost.  If you are falling behind on payments, call us for a no-obligation cash offer or simply to ask questions. We are here to help. 281-783-9195.  So to answer your question “Can I sell my house with Delinquent Taxes In Houston?”…Yes you can!

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