I have a lien on my house, can I sell it?

If you have a lien on your house, but want to sell it and move, you are in luck. There is no issue selling your home “as-is” with a lein or judgement against the seller or property, and Scout Dwellings can help walk you through the process. A great title company can help solve any title problem, and we only partner with the most experienced folks in the industry. It is even possible to sell a house when liens and judgements exceed the value of the property.

The key factor is working with a team that can contact the lien holder to negotiate on your behalf for a full or partial release of the lien. Often times, a creditor or lien-holder will take something over nothing. Knowing your rights and maintaining the upperhand by not giving creditors any more info than they require is essential for success.

Usually debts like property liens are paid on closing when you sell your home. Superstar title companies can work to minimize or eliminate upfront costs in the process. With the right title help, you can negotiate full or partial release of the lien and settle the debt for cents on the dollar.

If you have a lien against your home and need to sell it fast:

1. Understand the type of Lien
   • Understand the nature of the judgement or lien against your property. Each lien is slightly different. Many can be settled par below the original amount, but other types of liens cannot be negotiated.
2. Find a Buyer who is willing to work with you
   • Many retail buyers will be guided away from homes with liens by their Realtors. They see the lien or judgement as a significant issue or challenge and may just walk away from a purchase. You need an buyer that understands your needs and is willing to help you secure lien releases and negotiate for a settlement reduction.
3. Only work with the Best!
   • It can be challenging to have these conversations with creditors. Working with experienced investors and experienced title experts can give you an edge while negotiating. They can help guide you through what to say and how to maintain that upperhand throughout the process.