Keep on reading to learn more about your options!
What is a Judgment?
A judgment is a court order that is the result of a lawsuit. If you have any judgments against you, your lender will have more legal power to collect your unpaid debts.
Is a Judgment the Same as a Lien?
Not quite. A judgment is the official ruling from the court regarding a civil matter. A judgment lien, also known as an abstract of judgment, is an involuntary lien that is filed to notify the recipient about the judgment and is attached to the judgment debtor’s property or assets. A judgment lien will stay with the property until it is rectified and will be transferred to the new owner (should the property be sold).
What are the Types of Judgments Liens I Should Look Out For?
The most common types of judgment liens attached to properties include:
- Property tax liens
- Unpaid services
- Child support
- Bankruptcy proceedings
- Damages you paid for a personal injury or personal property lawsuit
- Other court judgments
Can I Sell my Home with Judgments in Cleveland?
The short answer is yes, you can. But it is far from easy. Most prospective buyers expect Cleveland property titles to be clean and may be put off by any judgments it may have. If your home has a judgment, you need to be upfront about it to interested buyers, so they know what they’re getting into.
How to Sell a Home with Judgments in Cleveland
You can sell your Cleveland home as-is, meaning without clearing the judgment.
As mentioned earlier, you need to inform prospective buyers about the type of judgment on your property, why you have it, and how it can be cleared. This gives them a better idea on how much it will cost and how much time it will take to clear it.
Not everyone will be willing to put in the effort and money, however. For you to be able to sell the property, you may need to lower the asking price in order to make it more attractive to potential buyers. Be ready for talks and negotiations, as buyers will likely try to get a better deal on your home in exchange for dealing with the judgment it has. If you don’t have a skilled real estate agent, this may cause you great stress.
Sell to a Professional Home Buyer!
Another option you should look into if you want to sell your home with judgments is to sell it to a professional cash home buyer. This option allows you to get a fair price and sell your Cleveland home fast. When looking for a cash home buyer in Cleveland, OH , make sure you go for a company that’s tried-and-tested like RC Home Buyers. We buy houses in Cleveland, Ohio regardless of its condition or if it has any judgments – we’ll still give you a fair price on your home within a quick selling period.
Our home buying process is simple and efficient. Give us a call and we can schedule our property viewing to see your home. Within a couple of working days, we’ll send you a fair, no-obligation cash offer for your property. If you accept, we can begin the closing process. We’ll handle all the documentation and any additional closing costs and processes to get through the hurdles of selling a home with title issues.
Contact Us Today to Learn More
Title issues can be difficult to maneuver and can hinder you from selling your Cleveland home. But rather than the high costs of legal fees and lowball offers that await you on the market, why not choose the more practical alternative? With a cash home buyer, we can buy your home directly without waiting for a buyer on the market.
Contact RC Home Buyers today to learn more about our home buying process. Call us at (614) 714-1794 or visit our website to fill in the form on our homepage.