Your Property is Valuable
Your property is an asset; therefore, it has value in the market. We believe you deserve compensation for your property. We want to help ensure that you get paid for your property.
If you need help with any of our services below, make sure you contact us today!
"Blighted property" is the legal term for land that is in a dilapidated, unsafe, and unsightly condition. Each state uses different criteria to determine whether property should be classified as blighted. Common criteria include:
- The property is uninhabitable
- The property is unsafe
- The property has been abandoned for a specified time period (usually at least 1 year)
- The property presents an imminent danger to other people or property
Pre-foreclosure refers to the state of a property that is in the early stages of being repossessed due to the property owner's inability to pay an outstanding mortgage obligation. Reaching pre-foreclosure status begins when the lender files a default notice on the property, which informs the property owner that the lender will proceed with pursuing legal action if the debt is not taken care of. At this point, the property owner has the opportunity to pay off the outstanding debt or sell the property before it goes into foreclosure.
An absentee owner is an individual or corporation that owns a particular property without actually occupying it or actively managing it. Technically, an individual can be considered to be an absentee owner simply by owning a piece of real estate without living in it, but this describes a majority of landlords as well as most real estate companies and real estate investment trusts (REITs). The term absentee owner is intended to distinguish between property owners that are hands on with their investment versus those who are hands off.
A tax lien is a legal claim by a government entity against a noncompliant taxpayer's assets. Tax liens are a last resort to force an individual or business to pay back taxes. To get rid of a lien, the taxpayer must pay what he or she owes, get the debt dismissed in bankruptcy court or reach an offer in compromise with the tax authorities. Federal and state governments may place tax liens for unpaid federal or state income taxes, while local governments may place tax liens for unpaid local income or property taxes.
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Are you an absentee owner, facing pre-foreclosure, behind on taxes or or own blighted properties? Need help? Contact us today!