Property Tax Lien Relief Option for Homeowners
Falling behind on property taxes can lead to added penalties, a property tax lien, and escalating pressure to resolve the balance. Traditional options such as property tax loans, personal loans, or refinancing may not be available to every homeowner, particularly when credit or income requirements create obstacles.
For qualified homeowners with sufficient equity, SKYDAN’s Residential Sale-Leaseback Program may provide another option. You sell the property to SKYDAN, access available equity through the sale, and continue living in the home under a lease agreement. This is a real estate transaction, not a loan.
Property Tax Lien Relief Option for Homeowners
Falling behind on property taxes can lead to added penalties, a property tax lien, and escalating pressure to resolve the balance. Traditional options such as property tax loans, personal loans, or refinancing may not be available to every homeowner, particularly when credit or income requirements create obstacles.
For qualified homeowners with sufficient equity, SKYDAN’s Residential Sale-Leaseback Program may provide another option. You sell the property to SKYDAN, access available equity through the sale, and continue living in the home under a lease agreement. This is a real estate transaction, not a loan.
How SKYDAN May Help Homeowners With Property Tax Liens
SKYDAN may help qualified homeowners address delinquent property taxes through a residential sale-leaseback transaction. Rather than borrowing money, the homeowner sells the property to SKYDAN. Eligible property taxes, liens, mortgage balances, and transaction costs may be addressed from the sale proceeds at closing.
What Is A Property Tax Lien?
Finding relief from property tax liens is difficult, because you are forced to pay interest on the unpaid back taxes that you owe. After an extended waiting period, tax collectors may auction the taxes you owe to the highest bidder. However, you have a redemption period of up to two and a half years, in which you can pay your tax debt in full to maintain ownership of your property. This legal tool is used as an “incentive” to force homeowners to pay back their taxes.
You cannot work out a payment plan or make partial payments towards an official property tax redemption — you must pay the entire sum that you owe to tax collectors at once. If you are seeking avoidance of liens but are unable to obtain a lien loan because of bad credit, SKYDAN™ Equity Partners offers a leaseback program that can help you secure the capital that you need to fix your financial situation.
Buy Before You Sell
Need access to your home’s equity before selling? Our program can help create greater flexibility for your next move.
Alternative to Home Refinancing
If traditional refinancing is not available, a residential sale-leaseback may provide another way to access your home’s equity.
Property Tax Liens
Property tax obligations can create financial pressure. Accessing your home’s equity may provide another option for qualified homeowners.
Managing Financial Challenges
Financial challenges can make traditional financing difficult. A residential sale-leaseback may provide another way for qualified homeowners to access their home equity.
How the Residential Sale-Leaseback Program Works
SKYDAN™ is here to help you tap into your home’s equity to free up any tied up funds.
Qualify
Even if you have bad credit or no income you may still qualify.
Home Visit
After initial qualification, we will schedule a time to visit your property within 1-3 days.
Appraisal
Within 3-5 days, we determine how much cash you will receive, based on your property’s value.
Payment
Within 30 days or less, you will receive the agreed-upon amount of money.
When a Property Tax Lien May Make Traditional Financing Difficult
Homeowners with unpaid property taxes may consider property tax loans, personal loans, or home equity financing. However, qualifying can be more difficult when a tax lien, poor credit, limited income, or existing debt is involved.
For those searching for property tax loans with bad credit or a loan to pay property taxes with bad credit, approval and terms vary by lender. Homeowners may also wonder, can you get a home equity loan if you owe property taxes? It may be possible, but unpaid taxes or a lien can affect eligibility.
When traditional financing is not a practical fit, homeowners with sufficient equity may consider a non-loan option such as SKYDAN’s Residential Sale-Leaseback Program.
Property Tax Loan vs. Residential Sale-Leaseback
| Consideration | Property Tax Loan | SKYDAN Residential Sale-Leaseback |
|---|---|---|
| Transaction Type | Loan or financing | Property sale and leaseback |
| Provider | Third-party lender | SKYDAN as property purchaser |
| New Debt | Yes | No new loan debt |
| Interest | Typically charged | No loan interest |
| Ownership After Closing | Homeowner generally retains ownership | Ownership transfers to SKYDAN |
| Qualification | Typically based on credit, income, collateral, and lender criteria | Primarily based on the property, available equity, and program requirements |
| Ongoing Payments | Loan payments | Deferred rent under the lease |
| Occupancy | As homeowner | As resident under a lease agreement |
| Property Taxes and Liens | Paid using loan proceeds | May be addressed through the property-sale closing |
| End-of-Agreement Option | Not applicable | Contractual option to purchase back or sell, subject to terms |
| Offered by SKYDAN | No | Yes |
Important: SKYDAN does not offer property tax loans. A sale-leaseback also does not preserve continuous homeownership: the property is sold to SKYDAN, and the former homeowner remains under a lease agreement.
When a Residential Sale-Leaseback May Not Be the Right Fit
A residential sale-leaseback is not the right solution for every homeowner. It may not be appropriate when:
- You do not want to sell your property or transfer ownership.
- You do not have sufficient equity in the home.
- An affordable property tax payment plan or other local assistance option is available.
- You qualify for a lower-cost traditional financing option.
- You may not be able to meet the ongoing lease obligations.
- The anticipated cost to repurchase the home does not align with your future plans.
- You are not comfortable with or do not fully understand the transfer of ownership.
- Your property is outside SKYDAN’s eligible service area.
- The property or title does not meet SKYDAN’s program requirements.
- A tax sale, foreclosure, or other deadline is too close to reasonably complete the transaction.
Do not make the page geographically exclusive to those states in the title or H1. Mention the current service area near qualification and conversion content.
FAQs for Property Tax Lien Option
SKYDAN offers an alternative solution for addressing property tax liens when traditional options may not be available.
Can I get a loan to pay property taxes?
Loans or other financing may be available from third-party lenders, but approval, interest, fees, and repayment terms vary. SKYDAN does not offer property tax loans or other lending products. SKYDAN offers a Residential Sale-Leaseback Program as an alternative way for qualified homeowners to access their home equity.
Can I get a property tax loan with bad credit?
Possibly, but credit can affect the financing options and terms available from a lender. SKYDAN’s Residential Sale-Leaseback Program is not a bad-credit loan and currently has no credit score requirement. Eligibility instead focuses on the property, available equity, service area, and other program requirements.
How do property tax loans work?
Generally, a lender provides funds that can be used to satisfy the property tax obligation, and the homeowner repays the borrowed amount according to the loan’s interest, fees, and repayment terms. If the financing is secured by home equity, the home serves as collateral for the debt.
Can I get a home equity loan if I owe property taxes?
It may be possible. A home equity loan allows you to borrow against the equity in your home, but approval depends on the lender’s requirements and may be affected by factors such as existing liens, available equity, credit, income, and title conditions.
Can SKYDAN pay my property taxes?
SKYDAN does not provide a standalone property tax payment service or loan. Through an eligible sale-leaseback transaction, homeowners can access their home equity and use the proceeds to address back taxes and other financial obligations.
Will I still own my home after the transaction?
No. A residential sale-leaseback involves selling the property to SKYDAN. You can remain in the home under a lease agreement for the agreed-upon term. At the end of the agreement, you have the option to buy back the home.
Can I purchase my home back?
Yes. At the end of the agreement, SKYDAN’s current program provides the option to purchase the home back at the original purchase price plus deferred rent. Alternatively, you may choose to sell the property at its current market value and receive the additional equity, subject to the agreement terms.
Do I have to make monthly rent payments?
Under SKYDAN’s current program, rent is deferred until the end of the agreement, so no monthly rent payment is due during the lease term. The lease period is mutually agreed upon and may extend for up to two years.
Residential Sale-Leaseback Service Areas
Illinois
Ohio
Indiana
Florida
Wisconsin
Arizona
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Explore a Non-Loan Option for Addressing Property Tax Debt
If delinquent property taxes are creating financial pressure and borrowing is not the right option, SKYDAN’s Residential Sale-Leaseback Program may provide another path for qualified homeowners with sufficient equity.
The program involves selling the property to SKYDAN, addressing eligible taxes and liens through closing, and continuing to live in the home under a lease agreement. At the end of the agreed period, you may have the contractual option to purchase the property back or sell it at its then-current market value, subject to the applicable agreements and terms.