You struggle with a cloudy title, you got tax liens. I’m CJ here, CJE Real Estate LLC in beautiful Tucson, AZ. I wanted to help you with that today. You got liens, judgments, or other title issues that can cause a cloudy or defective title because it makes it difficult to discern the proper owner of the property. In addition, a cloudy title or defective title creates issues if you need to sell your home, because most buyers use traditional lenders to attain a mortgage. When buyers qualify for a loan, one step in the process is for a title search to be performed on the property. Lenders usually require title insurance. Buyers avoid properties with liens or under a foreclosure process because of the cloud created on the title. It can be extremely frustrating needing to sell your home, yet lack the funds to clear the cloud yourself. And nearly every case, unless you should find a buyer who is willing to take on your cloudy title challenges, the cloudy title will likely prevent you from selling your house.
Please explore these options as possible solutions. Number one, pertaining to the taxes. If you need to sell a house with a cloudy title, especially here in Tucson, AZ, and Uncle Sam is involved, you will be required to appoint a qualified tax advisor to assist you in working out a payment plan. As you can also do with your local tax collector, which can be found on usually the municipality’s website. Once you’ve cleared your debt, you’ll be able to move forward with your sale.
Number two, is it possible that the debt is expiring? Could it be that the debt is approaching a 10 year mark? While sticking your head in the sand is not the best option, if you are nearing that 10 year market of living underneath that lien on the property and the amount is low, potentially the IRS may permit the debt to expire. However, take great caution with this approach as there’s only a slight chance your debt will vanish. So typically, Uncle Sam files suit against a debtor for collection.
Number three, work with your title company. Working directly with the title company can help you sell a house with a cloudy title in Tucson much faster, and it is a very, very, very, very good option. Reputable title professionals can help you devise a strategy, dependent upon the type of debt, to tackle the issue and move forward. A seasoned real estate attorney is also an excellent asset with regard to resolving cloudy titles.
Hopefully that helps. And if you want to chat more with me, CJ from CJE Real Estate LLC, please visit cjbuyshomesfast.com. Enter your property information, your name, your phone number, your email, and expect to receive a fair, no obligation, all cash offer within 24 hours. Love to hear any way I could help you. 480-378-7635. You can reach me once again at 480-378-7635. Have a great afternoon.