Judgments, Liens, Back Taxes, what are they?
What is a judgment on a property? According to Investopedia, “A judgment lien is a court ruling that gives a creditor the right to take possession of a debtor's property if the debtor fails to fulfill his or her contractual obligations. Judgment liens are non-consensual because they are attached to property without the owner's consent or agreement.”
A Lien on a property is similar, but defined as "a legal right or claim against a piece of property by a creditor. Liens are commonly placed against property such as homes and cars so creditors can collect what is owed to them."
If you don't pay your property taxes on time, the government can charge you interest and penalties and gets a lien on your property. A property tax lien can result in the government taking your house and selling it.
TIC-Homebuyers works with you to help you determine what is owed to any creditor. We can provide you with a fair offer that typically includes paying off that debt to a creditor, it allows you to walk away from a property versus the alternative of losing the property and still owing money. We want your property, we want you to have an option for selling the property, and we want to work out a partnership with you on acquiring your property. We take into consideration what is owed to a mortgage company, what is owed beyond that number to a creditor, and what the true value of the property is beyond the surface. This allows us to be transparent with you and offer you a fair deal.