How lien and tax payoffs work
When you sell to us, we pay the closing costs. Your liens are paid off from the sale at closing.
A payoff is the current amount a lender, creditor, or tax office requires to settle a balance. That lender, creditor, or office confirms the amount and payment instructions. We work with the title company to check recorded property claims and coordinate the payoff information for closing.
We buy houses as-is, in any condition — no repairs, no cleaning, no cleanout required to sell to us.
Records and where to call
Start with the property address and whatever you know about the amount or notice. A current tax bill, lender or creditor letter, payoff statement, court paper, or sale notice can help if you have it. Call us before you gather everything.
Cave Spring is a community planning area in Roanoke County. The County Treasurer handles property-tax bills and payments and shares information about county real-estate judicial sales. The Circuit Court Clerk's Real Estate Records page covers recorded deeds and other land documents.
Roanoke County Treasurer’s Office ↗
Ask about County property-tax bills, payments, and real-estate judicial-sale information.
Roanoke County Circuit Court Clerk — Real Estate Records ↗
Find information about recorded deeds and other Roanoke County land documents.
If the payoff is the problem
Think the payoff is more than the house is worth? Ask us — we've gotten lenders to come down before.
What happens next
- We talk about the house and any bill, payoff, or notice. You can start with the address.
- You get a written offer and written terms before you commit, and we close through a title company.
- If you choose to sell, we work with the title company to review the property records and current payoff instructions from the lender, creditor, or tax office.
- The closing figures show the sale price, payoffs, taxes, closing costs, and what remains for you. Close as fast as 7 days when title and closing details allow.
No agent commissions when you sell to us. No fees.
A tax sale and mortgage foreclosure are different
A Roanoke County sale for unpaid property taxes is separate from a lender’s trustee’s sale. The County Treasurer shares judicial-sale information. Virginia home mortgage foreclosures are usually trustee’s sales under a deed of trust.
To sell before a mortgage trustee’s sale, the sale must close and pay off the loan before the auction. For an owner-occupied home, written notice generally must go to the owner at least 60 days before the sale; for other property, at least 14 days. The trustee advertises the sale, and a postponed sale must be advertised again. Until you have a new date in writing, plan around the date on your notice. If a notice gives you a sale date, call us right away and we’ll review the payoff with you.
Virginia Code § 55.1-320 — trustee-sale notice · § 55.1-322 — advertising and postponement · Cave Spring mortgage-foreclosure information
Virginia grantor and recordation taxes
Virginia’s grantor tax is 50 cents for each $500 of the greater of the sale price or value. The law assigns this tax to the seller, though the sales contract can shift who pays. State recordation tax is separate, and local recordation tax may apply where adopted. Exemptions and transfers with little or no consideration can change the amount; the settlement agent confirms the figures.
When you sell to us, we pay the closing costs, including Virginia state and local recordation taxes, grantor tax and any applicable regional WMATA capital fee, regional congestion relief fee or regional transportation improvement fee.
Virginia Code § 58.1-802 — grantor tax · § 58.1-801 — state recordation tax · § 58.1-814 — local recordation tax
Compare possible net proceeds
Compare a possible sale with your mortgage payoff, liens, back taxes, and other costs using the Cave Spring home-sale net-proceeds calculator.
Open the Cave Spring home-sale net-proceeds calculator →
Questions and contact
Questions about Cave Spring property liens and back taxes
Can I sell my Cave Spring house with back taxes or liens?
Yes. When you sell to us, we can set it up so you don't have to prepay anything — it comes out at closing. We buy houses with back taxes and liens — payoffs get handled through the closing, not by you upfront.
Do I need a payoff statement before I call?
No. Start with the property address and whatever tax bill, creditor letter, payoff statement, or sale notice you already have. You can call before you have every record.
Who confirms the current payoff amount?
The lender, creditor, or tax office confirms its current balance and payment instructions. The title company checks the property records and works with those offices on the closing figures.
Is a property-tax sale the same as mortgage foreclosure?
No. A Roanoke County sale for unpaid property taxes is separate from a lender’s mortgage foreclosure. Virginia mortgage foreclosures are usually trustee’s sales under a deed of trust.
What if the payoff is more than my house is worth?
Think the payoff is more than the house is worth? Ask us — we've gotten lenders to come down before.
Who pays Virginia transfer taxes when I sell to you?
Virginia law assigns the grantor tax to the seller, though the sales contract can shift who pays. When you sell to us, we pay the closing costs, including Virginia state and local recordation taxes, grantor tax and any applicable regional WMATA capital fee, regional congestion relief fee or regional transportation improvement fee.
Call 888-274-5006 or use the form above. Not sure what the notice means? Call us — we’ll sort it out with you.