Speak with a professional
Helping homeowners in challenging situations keep or sell their property.
Property Relief was created to help homeowners in challenging situations by finding solutions to help them keep or sell their property. Our goal is to facilitate financing options or support the sale of your property, relieving you from the stress of your current circumstances.
A tax sale happens when unpaid property taxes lead the municipality to sell the property at auction to recover the debt. While it’s a difficult situation, there are options available to help you avoid losing your home.
A sheriff sale occurs when a property is sold under court order to recover unpaid debts or a defaulted mortgage. While it’s a serious situation, there are still solutions available to help you avoid losing your home.
A power of sale allows a lender to sell your property if you default on your mortgage, without taking ownership themselves. While it’s a challenging process, there are still options to help you avoid losing your home.
Here are some answers to common questions about tax sales, sheriff sales, and power of sale.
Answer: If property taxes remain unpaid, your municipality may start a process to collect overdue taxes. Over time, unpaid taxes can lead to a tax sale, where the property is auctioned to recover the amount owed. However, many municipalities offer payment plans or assistance programs, so it’s essential to reach out to them early.
Answer: Yes, in many cases, you can stop a tax sale by paying the owed property taxes, plus any interest or fees, before the sale occurs. Contact your local municipality as soon as possible to understand the steps required to redeem your property.
Answer: A Sheriff Sale typically results from unpaid debts or a legal judgment against you. If you’ve received a notice, it’s essential to consult with a legal or financial professional to explore options like debt repayment, refinancing, or negotiating with creditors to potentially halt the sale.
Answer: Yes, if your mortgage lender is proceeding with Power of Sale, you may still have options. You can try to catch up on missed payments, renegotiate the mortgage terms, or explore refinancing. Talking to your lender or seeking financial advice can help you understand the best course of action.
Answer: Absolutely. Many local governments and non-profit organizations offer financial counseling, repayment programs, and legal assistance. It’s worth exploring these resources early on to understand the help available and potentially avoid losing your property.
Answer: Avoiding or halting a sale through repayment, refinancing, or negotiating can help protect your credit from the impact of a sale or foreclosure. If that’s not possible, working with a financial counselor can help you understand how to rebuild credit after a sale.
Answer: Many lenders are open to negotiating a repayment plan or even temporarily adjusting your mortgage terms if you reach out before the Power of Sale process begins. Communication with your lender can open options that may help you avoid losing your home.
Contact us today to and speak to a professional to discuss your options.
We will contact you with the information you provided to discuss how we can help.
Helping homeowners in challenging situations keep or sell their property.
Menu
Contact