Tax Lien Properties

Benefits of Selling Your Tax Lien Property

Long Island Properties with a tax lien - how to cure it and sell your house fastDo you have a Tax Lien on your Long Island home because you are behind in your property tax payments to the county or local municipality? When this occurs you now owe not only taxes, but penalties and interest as well. And it will continue to accumulate until it is paid in full.


It is crucial for you to know the difference between a tax lien and a tax levy. According to the IRS, a tax lien is a claim on your house and could be negotiable. A tax levy is a seizure of your property and you will lose any and all of the equity in your house to a property tax foreclosure.


Most of the time the lien on your home gets sold, usually to an investor. Whoever buys it pays your taxes to the municipality and then they now own the lien. This means, the investor (rather than the government) is now owed all the back taxes, penalties and interest. It is they who will now come to you for reimbursement. At some point, if they don’t get paid, the lien converts to a levy and the house can now be foreclosed by the lienholder.


Most people get behind on their taxes because of an unexpected event or circumstance that causes a financial burden.  Sometimes this due to loss of job, and other times, it may be due an inheritance where the previousl owner didn’t pay the taxes.  According to this article from, most people that are issued a tax lien owe at least $5,000 in back taxes. If you lack the resources or the income to pay this amount (or more) you should probably do something to save your Long Island home as soon as possible. Having any type of lien can severely damage your credit, causing all kinds of other potential issues in your life.


What Is A Tax Lien Property?

long island property with a tax lien and how to sell quickly for cashA tax lien is when your local or state government makes a claim on your home for any unpaid taxes that you owe. Selling your home quickly for cash can eliminate the stress that goes with having a tax lien on your property in the first place.


Why Should I Sell My Tax Lien Property?

Selling your tax lien property can help you avoid any additional penalties and interest that you may receive if you keep your home.


What Are The Advantages Of Selling My Tax Lien Property?

There are several advantages of selling your tax lien property such as:

  • Lifting the lien off of your home
  • Keeping the difference of the sale after the tax lien is paid off
  • Avoid further penalties as well as any possible consequences


Tax Lien properties on Long Island - How to solve and sell quickly for cashWhat Happens After I Sell My Tax Lien Property?

If an outside investor purchases the tax lien, then you are still the homeowner. This means instead of owing the government money, you owe this investor money plus any interest the longer it takes you to pay it off. Selling your home quickly for cash avoids any extra interest and allows you to keep any money that is left over after the tax lien is completely paid off.


While not being able to pay your property tax and receiving a tax lien on your house might seem like the end of the world, we at Long Island Cash Home Buyer are here to help. We can counsel you to determine which options are best for you at any stage of the Tax Lien process. Do you want to try to keep the house? We can show you the best way to do that. Do you want to sell the house and get out from under? We can buy the house for cash, close quickly and relieve the stress and burden of your tax lien. We will be honest and forthright in going over all of your options and answering all of your questions.


Contact us for more information or a confidential, discreet consultation on how we can help you with your Tax Lien today.

For more information on how Long Island Cash Home Buyer can help you, give us a call at (516) 330-6940 or fill out the contact form below!

What Do You Have To Lose? Get Started Now...

We buy houses in ANY CONDITION in NY. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (516) 330-6940 Richard Witt ...
  • This field is for validation purposes and should be left unchanged.

Related articles for Long Island Sellers:

Are you in a difficult Real Estate situation?

Do you need to sell your Long Island house quickly?

Selling your Long Island Home if it has a tax lien. How to sell fast before it's too late.Since 1998, we have been a trusted source for the latest information in regards to selling your home fast for cash on Long Island. We will have an honest conversation with you about the benefits and disadvantages of a quick cash sale of your property. If it is not right for you then it will not be right for us. It must be a win-win situation.

  • We have purchased hundreds of homes with cash since 1998
  • We have over $5,000,000.00 in funding available to purchase Long Island homes.
  • You will always get cash at the closing.
  • We always keep our word and will always tell you the truth.
  • We will purchase your home as-is, in its present condition, no matter how much work is required.
  • You can avoid all the costs and frustrations of fixing your property for sale.

We are the buyers. We are interested in buying your home- not in listing it as a Real Estate Broker.


Long Island home with a tax lien - Nassau and Suffolk Counties - How to solveOur Home Buying Timeline is typically 2-4 weeks from initial contact to closing of the property. If you need to close faster, it is certainly possible. If you need more time than that to close, that is available as well. We are the go-to if you want to sell your home quickly!


If necessary, we will cover normal closing costs. You will not have to pay anything or bring any money to the closing. All you have to bring to the closing are the keys!
Our process is substantially faster and much less stressful than listing with a real estate broker. When you list the home with a broker you can count on 6-12 months and possibly longer before you get to the closing table. While it is likely you will end up with more money with a traditional real estate listing, our process is completely hassle free and fast!


Benefits of Selling Your Long Island Home For Cash

We are not moving into the house. Therefore there is no need to coordinate closings or lease expiration’s. There are no buyer showings or Open Houses ever. There is no renegotiating after a Home Inspector goes through your property. There is no waiting for a mortgage approval that may or may not materialize. You can even leave the contents of the house if that suits you best.


If you want a fast, trouble-free sale, contact us and we will make every effort to make it a win-win situation for both parties.


Who should consider selling their house this way?

  • Need to sell the house quickly without issues.
  • Inherited a property and want to meet your obligations as soon as possible.
  • In the process of Foreclosure.
  • Have an Unpaid Tax Lien.
  • Out-of Town homeowner that wants to liquidate the property.
  • Need to sell your house before you can buy another property
  • Relocating either for work or lifestyle reasons and will not be here to sell your house in the traditional manner.

Richard Witt Long Island Cash Home BuyerWhile these are the major reasons that people choose us to do business with, every circumstance is unique and we are open and innovative in our approach to solving any and all Real Estate problems.


Let us help you.


Contact us Today!


Richard Witt
(516) 330-6940

What Do You Have To Lose? Get Started Now...

We buy houses in ANY CONDITION in NY. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (516) 330-6940 Richard Witt ...
  • This field is for validation purposes and should be left unchanged.

Map for Long Island Cash Home Buyer


Tax Lien Properties on Long Island – How To Sell Quickly For Cash