Behind on taxes does not automatically mean you cannot sell
If property taxes have fallen behind, ignoring the balance usually does not make the situation easier.
But you may not need to come up with all of the delinquent taxes out of pocket before exploring a sale.
If selling makes sense, the taxes can be reviewed as part of the title and closing process.
What happens to the back taxes when a property is sold?
After a purchase agreement is signed, the title company reviews the property and determines the amounts that must be addressed to complete the transaction.
That can include:
- delinquent property taxes;
- current taxes or applicable prorations;
- mortgage or other valid lien payoffs; and
- other title requirements affecting the property.
Applicable amounts are reflected on the closing statement and can be paid from the sale proceeds at closing.
If proceeds remain after the amounts that must be paid and applicable transaction charges, the remaining seller proceeds are disbursed according to the closing statement.
You can get an offer before paying the taxes
You do not have to pay the delinquent property-tax balance first just to find out what CashAsIs can offer.
We can review the property as-is and give you a purchase offer.
That gives you an actual number to compare against the taxes, mortgage payoff if any, and other amounts affecting the property.
Why waiting can make the problem harder
Delinquent property taxes can involve additional interest, penalties, collection activity, or legal action depending on the circumstances.
If the property is already involved in a tax suit, tax foreclosure, or scheduled sale, timing becomes even more important.
The goal is to understand the numbers while there is still time to make a decision, rather than waiting until the situation becomes more difficult to resolve.
Selling as-is can remove another problem from the list
If you decide to sell to CashAsIs, you do not need to repair, clean, stage, or prepare the property for a traditional listing before we make an offer.
We buy properties as-is.
That can be especially useful when you are already dealing with a growing tax balance and do not want to put additional money into the property before selling.
Find out whether the numbers work
Send us:
- The property address
- Any delinquent-tax notice or tax statement you have
- Any tax-suit or sale information you have received, if applicable
We’ll review the property and let you know what we can offer.
Getting an offer does not obligate you to sell. It gives you a real number so you can see whether selling could resolve the taxes and still make sense for you.
CashAsIs is a property buyer, not a tax adviser, law firm, or tax-relief service. Tax balances, liens, legal proceedings, and closing requirements vary by property. The title company determines the amounts that must be addressed for a particular closing. Consult the appropriate taxing authority or a qualified professional for advice about your specific tax or legal situation.