If you owe taxes on your home, can you sell it to pay them off?
969386
I don't know the exact answer, but my guess would be that if you sold it, the government would take the taxes out automatically
1133265
if your house is worth more than what you owe, the money store should allow you time to sell the house and keep any profit after what is owed. sell the house to a friend as liens follow the property not the original holder and the money store will most likely offer a lesser amount to the new lien holder. (prob. amount owed minus interest.)
1142314
NO\n\nbut you can put a lien on thier house..so if they ever try to sell it ---they have to settle with you, or sue them in small claims court
152441
NO......I WOULD STRONGLY SUGGEST THAT YOU SELL THE HOUSE..\nBECAUSE THEN YOU ARE GOING TO BE STUCK WITH 2 PAYMENTS... THE ONE FROM WHERE YOU BOUGHT THE HOUSE...AND THE 2ND LOAN YOU TAKE OUT...\n\nWHATS GOING TO HAPPENED WHEN YOUR MONEY RUNS OUT...FOR PAYING THE HOME YOU PURCHASED....??\n\nYOU WILL BE STUCK WITH 2 PAYMENTS.
511404
Hi, \nNo you will not lose your home.\nYou reaffirm the debt and continue to make payments, keeping current.  I have been thru it.
270048
Yes if you sold the house and made a profit it is taxable. however if you inherited the house from him, i.e. he left it to you, then you don't pay taxes on it if:\n\n1)you get it appraised and get a Fair Market Value of the house.\n\n2)you then sell the house at the Fair Market Value. \n\nInherited properties are only taxed as captial gains if you sell them at above the Fair Market Value. Plus, the appraisal fees to get the property appraised can be deducted on your taxes(as long as you itemize).
614815
call your lawyer.\n\ni would imagine that if you are selling your home..any profit you make will need to pay off the chapter 13....but..im not a lawyer.
176281
You still owe the taxes up until the point that the bank took ownership of the property.  You can make arrangements to pay.
1170442
You have to pay taxes on gains over 250K for an individual or 500K in your case. In calculation of the gains you can also deduct all the improvements you made.\n\nYou do not have to pay any taxes if you lived in the house for over two out of five years prior to it's sale and your gains are less then stated above. So, sell now, and good luck.
638203
Yes in one sense but in reality no!\nIt will increase the pride and knowledge of knowing you owe less, can keep more if your sell, should understand your investment more, regarding what areas if you refinance the home in terms of how to invest the diff, invest wise and spend wise, you have more to gain with equity than without any!
1078958
No. It's gone. Whoever bought it owns it and is under no requirement to sell it back to you. The time to do something about this was before the foreclosure sale, preferably before things reached this point. Not only that, if the lender did not recoup the money owed in the foreclosure sale, they can still come after you to collect the rest of what they are owed. And your credit rating will reflect this disaster for many years to come. Sorry.\n\nPS If this had been a tax sale (your property was sold to pay off unpaid real estate taxes) you would have had a period afterwards in which you could still buy back your property. But a foreclosure sale is permanent.
341443
Go to the local Tax Assement.  Unpaid taxes get taken out of the sale of a house at closing and can go on for years so you might not be able to motivate some people to sell that way.  I think it all depends on what city you are in.
357827
Yes, The property is used as collateral for the loan contract that you have with the lender. The lender can foreclose on the property to recoup there money that you owe in arrears.
66683
It depends on what you mean by a little bit. I would save up  five hundred and go to the county clerks office and get a copy of the property tax list what houses that had tax leins on them or were forclosed. Then go when the auction is scheduled and bid on a house that you want (you can get one for as little as 100 dollars if no one bids higher) fix the house up and 'flip' it. you could sell it outright, rent it out. If you are willing to get in there and get a good deal, it really isn't too good to be true. Give it a try. First step is to go to the county tax clerk office and take a look at the houses and auction dates/times. Good luck.
956468
not necessarily.  The delinquent tax could be paid at the closing of the refinance.  However, FHA might not look favorably on a borrower who isn't paying their taxes and think they might be a bad credit risk.
142068
Only if you sell it.  You take their basis, but only pay a gain if you sell it.
812162
Yes you will have to pay. It is not your primary residence. However, you could defer the taxes through a 1031 exchange and purchase a similar property and not pay taxes right away. This probably won't help you because you want to pay down your mortgage though.