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Quoted: I’m trying to find a solution to the tax problem. I can’t sell or mortgage or land contract until I get that done. I hate the idea of selling but I’m at the end of my rope. If I could pay the lien I guess I’d grit my teeth and find a trailer somewhere and clear out the place and sell it. Everything people are suggesting—timbering, selling the barn for scrap, etc—is long term. I need to keep the place from being taken then I can figure out how to turn the property into income if some sort. So, you have a foreclosure date already then? You are talking like you are up against a hard limit time wise… I’m feeling like this is further evolved than you are letting on. |
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Quoted: Sounds like you need to be talking to a bankruptcy attorney. You bought this house when you financial situation was much different and the math just doesn't work now. Might be a good way to get out from under this debt and any others you owe. Your wife's interest could be taken care of out of the bankruptcy proceeds, assuming the house is sold in the process. If you can't be an RN, can you at least get a CNA or EMT certificate? $19/hour isn't going to cut it. I think there are rules about taking a house in bankruptcy when there are minor children living in it. |
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Quoted: I can’t sell it tomorrow. I’ve explained over and over that I’m gonna lose the property if I don’t pay this tax bill. Once I pay the bill I can do whatever I want, be it sell the land, buy out my ex, subdivide it, lumber it, buy as a special favor to you I’ll sell it. I’ll move out, live in a shitty apartment or trailer, have my kids hate me for getting rid of their home, sell it and give half to my ex wife so that you’ll be happy that I’m following your suggestion. How long have you gone without paying your taxes? |
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Quoted: I can’t sell it tomorrow. I’ve explained over and over that I’m gonna lose the property if I don’t pay this tax bill. Once I pay the bill I can do whatever I want, be it sell the land, buy out my ex, subdivide it, lumber it, buy as a special favor to you I’ll sell it. I’ll move out, live in a shitty apartment or trailer, have my kids hate me for getting rid of their home, sell it and give half to my ex wife so that you’ll be happy that I’m following your suggestion. Oh bullshit. No kid ever hated their parents for where they had to live. Do you even know what it’s like to be a military drag brat? I’m 52 and don’t have a place to think of as “home” from all the moving we did as kids. |
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Quoted: I’m really struggling to come up with ways to keep the house and land. I’m struggling with asking for assistance. I’m not sure how to ask for help or how to raise funds, but I’ve got a Springfield SOCOM 16 with a Burris MTAC and an Arms mount. It’s had maybe fifty rounds through it. Wife bought it me for our last anniversary before leaving me. Is there any way we could do something with it here in Kentucky? I’d even sell it through a Kentucky FFL . I’ve never raised funds or anything like that, does anyone know the rules and/or process for doing something? I don’t want to violate any rules here, just trying to come up with ideas. Why don't you start a raffle on here for the gun? Each ticket is say $40-50 and after 100-200 tickets are sold the winner gets the gun through an ffl. You would need to decide what numbers work for you, but many of us would buy a ticket, and you wouldn't feel like you're taking charity. |
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Quoted: Then what. What will he sell when he sells everything. The problem is he can't afford to address usual emergencies and routine unexpected bills. Eventually he will have sold everything, and still have bills he can't afford to pay. He didn't sell when the taxes were paid. Now it's turned into an even bigger problem, and selling everything isn't going to help. He could move, let homeless ex move in current house. It's paid for aside from what he owes the ex, at least that's my understanding. Is there some reason he can't simply start over and let ex have the house? Why in the fuck would he give it to her and walk away from the 6 figures he's entitled to after it sells? |
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I’m not an ARF millionaire, but could drive to Ky with 9k tomorrow. The issue is, you don’t seem to understand your own situation. Would this fix your troubles so you could sell the place? Could you afford the payments on a 120k loan at todays rates? So you have enough guns/things to be worth 9k? In that order, if the answers are all yes - problem solved. Without you knowing, for sure, the answers, I don’t think you’ll pull this off…. |
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Quoted: Show a good faith attempt to pay the back tax. $100. As far as selling, there is an immediate need for cash today. There is always an immediate need for money when you try and live beyond your means. This has been an ongoing saga. The OP wants the memories. He doesn't want to move on. If the taxes get paid, another reason will be found to not move on. It sounds harsh but this has been going on for awhile and the advice asked for is repeatedly ignored. |
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Quoted: I wouldn't answer any more. This thread is sort of working itself into a fever pitch with people competing to see who has the worst hot take on how to fix your problems. Stop posting. There's nothing you need to tell us or ask us. You need to be on the phone with the lender, county tax office, and attorney. This. |
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Quoted: Why don't you start a raffle on here for the gun? Each ticket is say $40-50 and after 100-200 tickets are sold the winner gets the gun through an ffl. You would need to decide what numbers work for you, but many of us would buy a ticket, and you wouldn't feel like you're taking charity. I'd be in for that. |
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Quoted: I'm sure it's gonna seem like an unbelievable change to them but maybe, in some ways, it's a lesson. Physical possessions aren't the most important thing in the grand scheme of things. OP, you wrote this in the house fire thread. Take your own advice here. I hope you can figure this out and keep it, but if you don't, you'll be ok. Might suck for a minute, but you'll be ok. |
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Quoted: At this point, if I can save the property and at least sell it and make some money, I’d entertain it. I know selling it is going to be grueling and hurt like hell but it beats losing the entire property over a tax bill. Most pawn shops will do 90 day loans. Take the loan, sell the house and property for maybe 10 or 20k under market if you have to in order to get it moved, pay back the pawn shop, give the woman you are legally entangled with her money so she goes away forever, and move on. In under three months this can all be behind you. |
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I recall reading bits and pieces of another thread, and the details that you've shared here convince me that the people who are telling you that you can't afford to stay there are correct. Can you shed any light on why the sellers of the property were willing to drop 20k off the price in order to leave the chicken house up? To me, that screams the building is a substantial liability in some way and likely doesn't help your chances of getting insurance and a mortgage. Around here, it often takes at least a year or two for properties to even get close to being sold for overdue taxes. I did a quick skim of KY's rules, and it seems like the process is a bit more streamlined, but I don't think we're getting the full story based on what I've read. I don't pretend to know all of the rules, but I believe you can sell a piece of property that has a lien and the money owed is accounted for during settlement. Similar things happen with a mortgage or HELOC - the bank wants to ensure that their claim to the property is uncontested and will settle the outstanding debt as part of the origination process - assuming that your credit worthiness, LTV ratios, and income make an acceptable risk profile. It sounds like you failed to pay the property taxes or set up a payment plan with the government. This added 10% to the tax bill for the Sherrif's commission when still not paid. Then the county attorney gets involved, sends notices, and they get 20% for commission added to the bill. And there's a 1% per month finance charge, plus a few miscellaneous fees for the lien and similar. After that, the tax bill can be sold to a third party, who can tack on substantial attorney's fees to the amount owed, plus the aforementioned 1% monthly finance charge. However, there are statutory limits to what they can charge, and aside from circumstances that have to be approved by the government, I don't believe they are allowed to exceed 2k. They also can't move against the property for approximately a year. The law requires that they accept a payment plan not shorter than one year, except that both parties agree to shorter terms. So, my read is that this situation has been dragging on for about two years to reach the point of a tax sale. Again, IANAL, and I don't reside in KY, but in a tax sale, the government gets its money, the third party (in this case) gets paid, creditors (banks) get paid, the auctioneer gets a cut, and then the property owner gets to keep what's left over, which often isn't nearly as much as what the property would bring at normal retail, since tax sale properties often have issues or T&C which don't make them attractive to a lot of purchasers. I don't need to heap more judgment on you, but being unable or unwilling to set up a payment plan for the taxes, despite the continuing escalations, tells me that there's little to no way that you'll be able to handle the mortgage payment, taxes, insurance and repairs that are necessary to hold on to the property. My opinion is that your best bet is to get on a payment plan with this third party "collection agency" and make the payments, no matter the pain, until you can get the property sold by a realtor at a fair price and pay the ex her 120k before moving to an area that has better job prospects and finding a more manageable place to live. |
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Quoted: I don’t want to run afoul of any forum rules. Are there any members in East Kentucky who could help me sell or raffle some long guns? I’m unsure of forum rules or what would need to be done to sell or transfer them legally. I need to pay this debt before I can think about solving the sale land/mortgage/buyout whatever. Everyone says I need to do something, well, maybe this is the quickest way to raise money. I have to sell firearms but I don’t have anything else I can liquidate to raise money. @RevolverRO Soliciting for a raffle or fundraiser is against the site rules, without approval from site staff (Wilson). Please contact Wilson to arrange this. |