taxes

Hello everyone, I am Matt Fetick with Sold by Short Sale, Philadelphia’s leading short sale specialist, thanks for joining me today. I wanted to talk to you today about tax liens against you or your property. Often times home owners who are struggling to make mortgage payments are also missing other payments which could result in property tax liens or income tax liens. All of these liens and judgments can really create a hardship when you go to sell your home. Even if you are not doing a short sale you must provide proof of payments for any liens or judgments at closing. If you are facing a short sale or need to sell your home today and your home is worth less than what you owe please contact us today to consider your options. In Philadelphia we have what is called lien priority, which means all these different entities can place their lien and a list is made to decide who is paid and what. Tax liens are always paid before mortgages in Philadelphia, so if you enter foreclosure the lender is responsible for those taxes. The same is true for a short sale. When we submit your short sale file we will negotiate with your bank to make sure any liens or judgments are paid by the bank that have priority. Why would the bank agree to pay these taxes for you? Because if the home enters in to foreclosure they will have to pay them regardless so making this information available right away will help the bank make the best decision. If you have unpaid liens against you or your property please contact us so we can discuss your best options. Please do not hesitate to contact me by phone or through my website if you have any short sale questions. I am Matt Fetick with Sold by Short Sale, Philadelphia’s leading short sale specialist, I look forward to hearing from you.