Owning a home can be a great joy in life, but it can also lead to all kinds of problems when things go awry. Most homeowners know that they need to make their monthly mortgage payments in order to keep their homes and they prioritize doing so. However, did you know that you can also lose your home by failing to pay your property taxes as well?
In the state of Washington, even if you’ve never missed a mortgage payment, the government can enforce a tax foreclosure sale if you fail to pay your property taxes. In most cases, this requires you to fall behind for at least three years. However, in some cases, even if you’ve paid your most recent year, you can still have your house foreclosed on because of tax liens. If this happens, the government will repossess your home and sell it at an auction.
What You Can Do to Avoid Having Your Home Sold at a Tax Foreclosure Auction
You do not have too many options if you are so far behind on your property taxes that the government is taking steps to foreclose. But one thing you can do is sell your home quickly for cash to an investor like Summit Development. This will allow you to pay off your taxes before the government forecloses and you not only lose your home but have your credit destroyed as well.
Sure, it would be great if you had time to try to get top dollar out of your home and list it on the MLS with a real estate agent, but that’s not an option when there are tax liens on your house.
Why Sell to Summit Development
If you own a home in Vancouver or the Tri-Cities and you need to sell your home quickly, whether to avoid a tax foreclosure auction or anything else, Summit Development is here to help. Remember, when you work with us:
- We don’t rely on banks for funding, so when we make an offer it is firm and we can close on it in as little as 9 days.
- Because we fund our own purchases, we are able to pick houses in any condition we want. This means it doesn’t matter if your home is a little run down or in need of repair. We typically look for homes we can fix up, so this does not deter us at all.
- There is no need to spend months of effort and money to try to prepare your home to sell it on the MLS.
- We take care of all the paperwork for you and cover the closing costs and any other fees. You literally just have to call us up, tell us about the property, then show it to us for about half an hour and within 24 hours, we’ll make our offer.
Ultimately, the best thing you can do when facing a tax lien foreclosure auction is to avoid the foreclosure to protect your credit and to prevent your family of having to go through the stress of living through a foreclosure. Though selling your home and moving is not what anyone wants to do after they’ve purchased a home, it’s a far better option than having the home foreclosed on and having your credit destroyed for years to come.
Summit Development specializes in helping homeowners in Vancouver and the Tri-Cities who want to sell their home as quickly as they can. No matter what condition your house currently is in, we may be interested. Want to know more? Call 360-667-5424 (Vancouver) or 509-591-9196 (Tri-Cities) or fill out the form on this site today.