Liens, judgments, title issues, or encumbrances can cause a cloudy or defective title because it makes it difficult to discern the proper owner. In addition, a cloudy or defective title creates issues if you need to sell your home because most potential buyers are skittish about liabilities and uses traditional lenders to attain a mortgage. When buyers qualify for a loan, one step in the process is for a title search performed on the property; lenders usually require title insurance.
Buyers want to make sure that the house has a clear chain of title. They avoid properties with liens or under the foreclosure process because of the cloud created on the title. It can be extremely frustrating to need to sell your home yet lack the funds to clear the cloud yourself. In nearly every case, unless you should find a buyer who is willing to take on your troubles, a cloud on a title might deter someone from buying it. Fortunately there are ways to remove a cloud on a title. Read on as we explore how you can sell a house with a cloudy title in Bloomington.
Taxes
If Uncle Sam is involved and you need to sell a house with a cloudy title in Bloomington, you’ll be required to appoint a qualified tax advisor to assist and help you in working out a payment plan, as you can also do with your local property tax collector. You’ll be able to move forward with your sale as soon as you’ve cleared your debt and liabilities. We buy houses with cloudy titles in Bloomington at Bright Side Homes. We can negotiate on your behalf or take it all on our shoulders; we offer guaranteed closings, typically in a matter of days, with the flexibility to set closing at the best date for you. When a direct buyer from Bright Side Homes makes an offer, they also provide the numbers used to reach the offer and provide a comparison with the earnings from a traditional listing, so you can decide which is best. Our goal at Bright Side Homes is to offer you a fair offer that you will agree because we want you to feel good about the deal long after the closing.
Title Company
You should be aware that working directly with a title company to help you sell a house with a cloudy title in Bloomington by clearing the title is one option. This process takes time and will require you to resolve the issue or have the encumbrance removed and dismissed if previously resolved or the cloud is an error. Reputable title professionals can help you devise a strategy dependent upon the type of debt to tackle the issue and move forward. Or, let seasoned experts like us at Bright Side Homes help you handle everything. And because our local direct buyers buy houses as-is for cash at Bright Side Homes, you won’t need to worry about prepping or making repairs before the sale, marketing expenses, or the hassles of showings, saving you even more time and money. Work with our in-house full-service network of providers at Bright Side Homes to handle any problem homeowners face with ease, including cloudy titles.
Bright Side Homes
The best solution is a direct sale to Bright Side Homes if you need to sell a house with a cloudy title in Bloomington. Selling directly to Bright Side Homes is a quick and easy process that can with no commissions, closing costs, or hidden fees. Find out how we can assist you with your unique set of circumstances and how we can help you find the best resolution. One of our seasoned pros at Bright Side Homes is ready to talk and assist with no obligation and at Bright Side Homes, we understand communication is key to success. That is why we stop everything and listen, taking the time to address any of your concerns and answer your questions, walking you step by step through the process. Call Bright Side Homes at (888) 975-9010 .