Behind on Taxes

Behind on Taxes

What Owing Taxes Means for Your Home

Did you know state and federal governments have the legal right to your property if you fail to pay the taxes you owe?  When you owe taxes, a lien can be placed against you home for the amount due.  As a result, this tax lien will attach to your home until it is fully satisfied, even if the property transfers ownership. For this reason, homes with a tax lien in place incredibly difficult to sell.  A tax lien is a serious and scary financial situation for any homeowner.

Removing a Tax Lien from your Home

A tax lien is the last resort of the IRS or your local tax collector to collect back taxes from an individual.  Unlike a foreclosure, there are fewer options available to homeowners with a tax lien:

Satisfy the Debt in Full:  If you have equity in your home, one of the best options is to sell your home. The IRS or state tax collector will then take the owed debt out of proceeds at closing.

Apply for a Discharge:  If you do not have enough home equity to settle your debt you can apply for a discharge.  A discharge removes the lien from the property and allows it to transfer to the new owner clear of the lien.

Letting go of your property is one of the best ways to start fresh when you owe back taxes. Becuase of the complicated nature of selling a home with a tax lien your potential buyers are limited.

Selling your Home with a Tax Lien

Like any financial situation, time is of the essence when you are dealing with a tax lien.  The longer you wait, the worse the situation gets.  CNS Home Solutions buys properties in all conditions and situations fast.  Don’t delay contact CNS Home Solutions today.



Kyle and Tony could not have been more of a pleasure to work with on my sale of 203 205 Tinkham Street in New Bedford, MA. They made it painless, stuck to their promise and had my house purchased within 30 days of agreement. Could not have been happier!

Donna S.

Well, that was easy! Called them, expected to get low balled but they gave me a very fair offer for what I was looking for and what they were looking for and came to an agreement where we were both happy. Would recommend these two guys to anyone who wants an easy transaction!

Nathan G.

My house was actually in foreclosure, somehow they contacted the city of New Bedford, MA had them go to the courts and pulled me out so I could at least walk away with something at closing. Was very surprised but very happy at the same time. Thanks so much guys!

Gerald S.