Dealing with inherited property often comes with unexpected complications—especially when tax liens are involved. Leticia and her siblings faced just such a challenge with their family home at Tuckey Ln in Glendale, AZ.
After their mother passed, they needed a quick sale to cover debts, including funeral costs. However, an IRS lien tied to one of the siblings was blocking the sale. That’s where my company stepped in to provide a fast, efficient, and fair solution for Leticia and her family.
The Seller's Challenge:
Inherited Property Complications and IRS Liens
Leticia and her siblings had recently inherited this property from their late mother. They knew they needed to sell it quickly to cover debts, including funeral expenses, but they faced a significant hurdle: a $25,000 IRS lien tied to one of the siblings, John.
Although John had signed over his rights to the property, the lien still attached to the estate, complicating the sale and threatening to delay closing.
"Rafael and his team were so patient while we worked through the IRS lien. Once that was settled, they moved quickly to close without any issues—just like they promised."
Leticia Rodriguez
Distressed Homeseller
Additionally, the property was old and in need of a full remodel—further adding to the stress of selling quickly. Leticia, who had power of attorney, needed a buyer who could take on the property as-is, without any additional complications or delays, and she needed the process to be smooth to prevent any further emotional strain on her family.
A Home in Need of a New Start
These photos showcase the family home’s condition before the sale. The images highlight the deferred maintenance and outdated features, reflecting the challenges Leticia and her siblings faced in preparing the property for a quick transaction.
Our Approach:
Transparency, Patience, and Problem-Solving
Leticia received one of our direct mail letters and decided to reach out after being impressed by our messaging and our ability to provide effective solutions. My acquisition manager, Brian, met with Leticia and was upfront about the process, explaining how our company could finalize the transaction and benefit her family.
We offered $120,000 for the property, contingent on inspection, and agreed to pay all buyer-side closing costs. The contract was contingent upon our inspection, and we set a 30-day close of escrow timeframe. Brian also reassured Leticia and her siblings that we would handle the entire process, including the IRS lien issue, which was complicating the sale.
Our transaction coordinator worked closely with Leticia, her family, and our title company to address the lien, communicating with the IRS to secure a lien payoff. This process took several weeks, but we remained committed to helping Leticia's family, keeping them informed every step of the way. Once the lien was cleared, we moved quickly to finalize the sale.
Step 1.
Initial inquiry from Leticia and discovery call to understand her family’s needs
Step 2.
Property walkthrough and initial offer made
Step 3.
Drafted and executed purchase contracts, contingent on inspection
Step 4.
Worked with title company to clear the $25,000 IRS lien
Step 5.
Sent contracts to title company and began escrow process
Step 6.
Marketed property to buyer network and identified a rehabber investor
Step 7.
Closed transaction through double escrow flip
The Agreement That Got the Ball Rolling
This as-is purchase contract with no contingencies paved the way for a smooth and stress-free transaction. It reflects the commitment and transparency that Leticia’s family needed during a challenging time.
The Results That Made the Difference
The initial purchase price agreed upon with Leticia and her siblings was $120,000. After securing a qualified buyer—a local rehabber investor—we were able to execute a disposition contract to resell the property for $130,000. This investor was ready to handle the full remodel the property needed, using hard money lending for the purchase and construction.
We ensured that everything was in place, including reviewing proof of funds from the buyer’s lender, to guarantee a smooth closing. Once the IRS lien was cleared, we moved quickly and closed the transaction within days. Leticia and her siblings were appreciative of our patience during the lien payoff process and were thrilled to receive their net proceeds without any further delays or complications.
$120K Cash Offer: Quick and Fair
Leticia and her siblings received a fair cash offer of $120,000, helping them cover pressing financial obligations quickly.
Lien Cleared: Moving Forward Without Debt
The $25,000 IRS lien was successfully resolved, enabling the family to sell without additional financial stress.
Quick Close: A Smooth Path to Resolution
Once the lien was cleared, the transaction closed within days, providing Leticia and her siblings with peace of mind and financial relief.
Documenting a Successful Transaction
These documents include the closing settlement statements for both the purchase and resale transactions, as well as the proceeds check. Together, they provide a clear breakdown of how Leticia and her siblings achieved financial relief while maintaining confidentiality for all parties involved.
“AZHSS made a challenging inherited property sale easy!”
After my siblings and I inherited a property, we needed to sell quickly. Brian from AZHSS offered a fair price, helped navigate an IRS lien, and closed within days of clearing it up. Rafael’s team ensured a smooth process, and we received the full proceeds as agreed. I would highly recommend AZHSS for their efficiency and professionalism.
Top Tips for Selling an Inherited Property with Liens
Selling an inherited property can be challenging, especially when liens are involved. Here are some key takeaways from Leticia’s case that might help others in similar situations:
top tips for
realty success
Work with Professionals Who Understand Liens
Clearing liens can be a lengthy and complicated process. Working with experienced professionals helps ensure that everything is handled properly.
Stay Patient During the Process
Dealing with liens and title issues can take time, but staying patient and having a dedicated team on your side can make a big difference.
Leverage Cash Buyers for a Fast Close
Accepting a cash offer allows for a quicker close, which can be particularly beneficial when dealing with inherited properties and urgent needs.
Keeping It Confidential
The custom assignment contract highlights how we protected the terms and pricing details of the transaction. Although a double escrow was ultimately chosen, this contract ensured neutrality and confidentiality throughout the process.
Lessons Learned:
The Importance of Patience and Trust
![Lessons Learned Icon [v4]](https://rafaelcarrasquillo.com/storage/2024/12/Lessons-Learned-Icon-v4.png "Lessons Learned Icon [v4]"){kind=icon}
One of the biggest lessons from this transaction was the importance of patience. Dealing with the IRS lien took time, but by staying patient and working closely with all parties involved, we were able to ensure a successful outcome for Leticia and her siblings.
Additionally, building trust with the sellers was crucial. By being transparent about the process and keeping Leticia and her siblings informed throughout, we were able to build a trusting relationship that made the entire experience smoother and less stressful.
Need Help with an Inherited Property?
If you’re dealing with an inherited property that has liens or other complications, my team and I are here to help. We specialize in handling everything from negotiations to closing, making the process as smooth and stress-free as possible.