If you own your property outright or not, each year uncle sam will come knocking on your door to collect property taxes. If you are unable to pay those taxes due to whatever circumstance a tax lien will be places on your house in Orlando. As time passes your lien continues to grow due to interest and penalties.
You might ask what happens next? Or what happens if I don’t pay? Well in Orlando once a year the county will conduct a tax certificate sell where they will sell your lien to an investors that will charge you up to 18% interest to pay off your lien within 2 years. If your still not able to pay off the lien then it will got to a Tax Deed auction where they will sell your Orlando house and pay off the lien certificate to the initial investor. At this point you will lose all claims to your house.
If you’re property has a tax lien and you don’t think you’ll be able to pay it off. Remember we buy houses in Orlando, in any condition and can close within as little as 9 days. Don’t risk losing what you’ve invested so far we can purchase your house and pay off your lien and remove that stress.