U
/u/ender_wiggin1988
Guest
Update: Thanks for the responses so far, they're all pretty much in agreement so I'm comfortable moving forward. Going to call and negotiate (my presumed default at time of posting) and get rid of it. Thanks all!
When I bought the house in 2020, there was confusion over the pro-rated property taxes (the seller paid some and we paid the rest) and something like 1,600$ didn't get taken care of. A busy life and difficult-to-navigate city property tax system meant that the debt went to collections, so we can't even pay it to the city anymore.
We fixed the tax issues and everything's been fine the last few years, but there's a lien on the property that's been passed on to a collection group. It's accruing interest and I want to find the best way to resolve it.
I have paid off the property completely, it's owned outright. I have solid credit and few general financial concerns.
I'm curious what the consequences of telling them off may be, how long this debt might sit before expiring from a credit report, or how much leverage I have in negotiating with them.
I've eaten debts on my credit in the past, and still maintain a 716-730 credit score. But I'm sure property law is different, so I'm looking for suggestions.
I would be amenable to paying off the actual debt amount, but I would loathe paying interest to parasites and would like to avoid that if possible.
Thoughts? Advice? Thank you in advance and best wishes to all.
submitted by /u/ender_wiggin1988
[link] [comments]
Tax lien sold to a private company, I own the property outright
Continue reading...
When I bought the house in 2020, there was confusion over the pro-rated property taxes (the seller paid some and we paid the rest) and something like 1,600$ didn't get taken care of. A busy life and difficult-to-navigate city property tax system meant that the debt went to collections, so we can't even pay it to the city anymore.
We fixed the tax issues and everything's been fine the last few years, but there's a lien on the property that's been passed on to a collection group. It's accruing interest and I want to find the best way to resolve it.
I have paid off the property completely, it's owned outright. I have solid credit and few general financial concerns.
I'm curious what the consequences of telling them off may be, how long this debt might sit before expiring from a credit report, or how much leverage I have in negotiating with them.
I've eaten debts on my credit in the past, and still maintain a 716-730 credit score. But I'm sure property law is different, so I'm looking for suggestions.
I would be amenable to paying off the actual debt amount, but I would loathe paying interest to parasites and would like to avoid that if possible.
Thoughts? Advice? Thank you in advance and best wishes to all.
submitted by /u/ender_wiggin1988
[link] [comments]
Tax lien sold to a private company, I own the property outright
Continue reading...