Back property taxes in Lake Mary? Florida can sell your home for unpaid taxes after 24 months of delinquency. We buy houses with tax liens — pay the taxes at closing, give you the difference in cash, save your credit.
Falling behind on property taxes in Lake Mary, Florida can spiral fast. Florida counties begin tax sale proceedings after a fixed period of property tax delinquency. BuyHousesInCash buys homes with tax liens, tax delinquency, and even properties scheduled for tax sale. We pay the back taxes from sale proceeds at closing, so you never write a check. You walk away free of the tax burden with cash in hand.
Investor purchasers at Seminole County tax sales typically pay only the back taxes plus fees, leaving any residual property value as profit when the redemption period expires. Lake Mary homeowners who let this happen lose their entire equity. Selling to BuyHousesInCash before the sale captures that equity for the seller, even if only at 60-75% of after-repair value.
Tax liens in Florida are mostly senior to mortgage liens, which means a tax sale can extinguish the mortgage entirely. Lake Mary homeowners who fall behind on property taxes while current on their mortgage occasionally discover their lender paid the taxes and added them to the loan balance — at a punitive rate. Either path destroys equity; selling clears both at closing.
Mortgage servicers in Florida sometimes pay delinquent property taxes themselves and force-place the amount into the loan balance, raising the monthly payment overnight to recover the advance plus interest. Lake Mary borrowers occasionally find their $1,400/month mortgage jumps to $1,950 after a tax-escrow shortage. The lender treats it as a default risk; the next step is acceleration.
BuyHousesInCash handles tax-delinquent Lake Mary properties without requiring the seller to bring money to closing. The math just needs sale proceeds to exceed the tax debt, mortgage payoff, and our offer. When equity is too thin to cover all three, we work with lenders on short sale and with the county on tax-arrear negotiations.
No obligation. We close at a Seminole County title company.
Call (555) 555-CASHFlorida can typically begin tax sale proceedings after 24 months of delinquency. The county or municipality issues a tax certificate to investors, and after a redemption period, the property can be sold at auction. BuyHousesInCash can typically close before tax sale in Lake Mary as long as you contact us before the auction date is finalized.
No. BuyHousesInCash pays all delinquent property taxes, penalties, and interest from the sale proceeds at closing. The title company in Florida disburses funds to the county tax collector, clears the lien, and the remaining cash goes to you. You write zero checks. This is one of the biggest reasons homeowners with Lake Mary tax delinquency choose us.
Even after a tax certificate is sold to an investor, Florida provides a redemption period during which you can pay off the certificate plus interest and reclaim your property. BuyHousesInCash can buy your home and redeem the certificate at closing during this window. Don't wait until the redemption period expires — call us as soon as possible.
Yes. Federal IRS tax liens against you personally do attach to Lake Mary real estate. The IRS has procedures (Form 14135) to discharge a property from the lien at closing in exchange for paying the lien amount or a portion. BuyHousesInCash works with title companies experienced in IRS lien discharges. Florida state tax liens follow similar processes.
The math has to work — sale proceeds need to cover the back taxes plus our offer price. If you have $50,000 in back taxes on a $200,000 Lake Mary home, we have plenty of room. If back taxes are $180,000 on a $200,000 home, the offer becomes minimal. We'll run the numbers transparently and tell you what you'd net before any commitment.
Common scenario. Both get paid off at closing from sale proceeds. The title company disburses to the lender (mortgage payoff) and the Florida tax collector (delinquent taxes), then any remaining equity goes to you. We handle multi-creditor closings in Lake Mary regularly — it adds about 3-5 days to closing time but isn't a deal-breaker.
Most Florida counties will postpone or cancel a scheduled tax sale once they receive proof of a pending sale to a buyer who will pay off the delinquent taxes. BuyHousesInCash' title company submits the contract and proof of funds directly to the Lake Mary tax office to halt the sale. We've stopped tax auctions with as little as 5 days notice.
Selling to BuyHousesInCash doesn't directly impact credit. The negative items — late mortgage payments, judgments, the tax lien itself — already affect your credit. Selling clears those liens, which over time helps your credit recover. Compare to a tax sale: losing the home plus continued lien on credit report. The voluntary sale is almost always the better credit outcome.
Bankruptcy can pause a Florida tax sale via the automatic stay, but only briefly. Property taxes are typically priority unsecured debt in Chapter 13 and survive Chapter 7 discharge entirely. Lake Mary homeowners hoping bankruptcy will solve tax arrears usually discover it postpones rather than eliminates the problem.
Tax-sale redemptions in Florida are governed by statute Fla. Stat. and vary in length from a few months to several years. Seminole County's specific redemption period is published on the assessor's website. BuyHousesInCash closes during any redemption window, paying the redemption amount as part of the closing settlement statement.
Senior property tax exemptions in Florida can reduce or freeze the tax basis for qualifying homeowners over 65 in Seminole County, but enrollment must happen before the delinquency, not after. Lake Mary seniors who missed enrollment cannot retroactively apply it to wipe out arrears. Selling can be the better outcome when retroactive relief isn't available.
Tax delinquency in Lake Mary often correlates with other distress signals — job loss, medical bills, divorce — and Florida doesn't have a hardship program that reliably saves the home once 24 months pass. Seminole County's deferral programs cover seniors and disabled veterans but rarely the working-age homeowner facing a temporary cash crunch.