Avoid Losing Your House to Property Taxes in Chicago
Selling a house fast with an approaching redemption date due to owed taxes in Cook County can be a big headache, CONTACT US immediately. We can help! Please give us a call at 773-599-9494 to receive a FAST cash offer for your house.
Selling a house fast has never been this easy. We buy houses and you can sell your house fast Chicago
Selling a house with back taxes in Chicago is a common situation faced by homeowners. When property taxes go unpaid, the county authorities can become increasingly assertive in collecting the owed amount, piling on penalties and interest over time. At We Buy Houses Fast Chicago, we understand the complexities involved and offer expert guidance in these circumstances.
We can help you with the process of selling a house, without any extra costs out of pocket for you. How? We have a team of experts that can help you with your situation and buy your house if it is behind on taxes or have been sold. Learn more about how we can help you before your house goes to the tax purchaser and you won’t get a dime for your house, give us a call 773-599-9494 or contact us online and Receive a Fast Cash Offer and sell your house fast in Cook County, Illinois.
Can you sell a house with back taxes in Chicago?
Buying Chicago houses with back taxes is a really common situation for us to encounter. If a homeowner has a house that’s paid off or the taxes aren’t being escrowed with the mortgage, it gets really easy to not pay them. Since homeowners have other taxes and bills to worry about, your real estate taxes can get a year or two behind in a flash.
Our team of professionals specializes in helping homeowners sell their houses, even if they have back taxes. We go beyond the obvious by providing personalized solutions and comprehensive assistance throughout the selling process. With our expertise and understanding of Chicago’s real estate market, we can help you navigate the challenges and secure a fair deal for your property.
One of the problems that comes with owing back taxes is that the county authorities want to be paid. They can get a little aggressive if you don’t pay them their cash so they also start adding on a lot of penalties and interest in addition to the amount of taxes owed. It’s an unfortunate situation when somebody has a vacant house that needs serious repairs and they haven’t made a property tax payment for multiple years.
Once in a while we’ll come across someone who actually owes more in real estate taxes than what we could pay for the house. We buy houses in Chicago that have back taxes. It’s a really good idea to sell your house before you get too far behind in your taxes.
Do I have to pay my back property taxes before selling my house?
The answer is no. When entering into a contract with a reputable company to sell your house, you’re not required to pay the back taxes upfront. Instead, the title company will handle the payment process during the closing. This means you won’t have to worry about settling the taxes out of pocket before the sale.
According to a report published by the Cook County Tax Assessor’s Office in 2022, homeowners in Chicago can face significant challenges when owing back taxes.” The report highlights the potential for penalties and interest to accumulate over time, further complicating the situation. It emphasizes the importance of addressing property tax obligations promptly to avoid potential financial setbacks. However selling a house in Chicago while owing back taxes is a remedy that solves the situation.
We Are Chicago’s Local Cash Buyers
Not only do we know the Chicago Real Estate market like the back of our hand, but we live and work in Chicago. We are Chicago’s Largest network of Sell House Fast all cash buyers looking for houses to buy. Give us the chance to show you our professionalism and we’ll give you the best all cash offer on your house!