i want to sell my home so i can pay off my back taxes and get out of debt. i put thirty thousand down i my home.
2006-07-31 07:03:13 · 5 answers · asked by jmpoct03 1 in Business & Finance ➔ Renting & Real Estate
yes, you can sell your home. however, the lien priority when closing will occur like this:
1. Real Estate Taxes will be paid off first
2. The first RECORDED mortgage is paid off
3. Any other mortgages are paid off in the order they are recorded
4. Mechanic's liens, other liens, & judgements are paid off last
THEN, if you have any money left over, you will recieve the profit. Be advised though, that if you do not sell your home and break even (that's including mortgage payoffs, back taxes, attorney's fees, closing costs, etc) then a DEFICIENCY judgement can still be attached to you for the remaining balance.
2006-07-31 07:10:33 · answer #1 · answered by thetoothfairyiscreepy 4 · 0⤊ 0⤋
Yes, you can sell your house, but before anyone else can take title, the taxes will have to be paid off. Your lawyer or title company should be able to work it out that all back taxes are paid out of the proceeds of your sale so that your buyer will have clear title.
2006-07-31 08:19:42 · answer #2 · answered by akc1106 4 · 0⤊ 0⤋
Yes, the money you make on the sale of the house will be used to pay off any taxes you owe, your mortgage and any other liens. You keep the rest.
2006-07-31 07:12:50 · answer #3 · answered by The Man 5 · 0⤊ 0⤋
yes you can and if your in california i would like to help you email me at mrseahorse222@yahoo.com
2006-07-31 08:35:18 · answer #4 · answered by mrseahorse 2 · 0⤊ 0⤋
I think you can, please let me know I'd love to buy it, my email is titenise28@yahoo.com.mx, please let me know where you are located.
Thanks
2006-07-31 08:42:09 · answer #5 · answered by T-girl 3 · 0⤊ 0⤋