Are PACE Liens Hurting Your Property Value?
Many Florida homeowners turn to PACE (Property Assessed Clean Energy) programs to finance energy-efficient upgrades. While these programs—like Ygrene Energy Fund, Renew Financial, and others—may seem helpful at first, they can lead to unexpected problems when it’s time to sell or refinance your home. If you’re struggling with the consequences of a PACE lien, there’s a faster, less stressful way out. I can help by purchasing your property for cash, regardless of its condition or financial complications.
Florida PACE Funding Agency: A Costly Burden
The Florida PACE Funding Agency places the loan as a lien on your property, increasing your annual property tax bill. Unfortunately, many mortgage lenders won’t approve financing on homes with PACE liens, and some buyers simply walk away once they hear a lien is involved. It creates major roadblocks when trying to sell or refinance your property.
Ygrene Energy Fund: Deferred Payments, Immediate Problems
Ygrene promotes zero-down financing, but consumers have reported being misled about repayment responsibilities and how it affects their property taxes. In fact, the Federal Trade Commission (FTC) filed a complaint against Ygrene for deceptive marketing, highlighting how their practices misled homeowners into liens that made selling difficult.
Renew Financial: Long-Term Debt on Your Home
While Renew Financial provides easy access to energy-efficient home upgrades, the lien stays with the property—not the homeowner. This creates issues during resale, as many buyers don’t want to assume the debt, and lenders may refuse to fund the loan. Homeowners across Florida have struggled to close deals because of Renew’s PACE lien.
Home Run Financing: Energy Efficiency with a Catch
Home Run Financing (formerly PACE Funding Group) claims to offer flexible terms, but the loan becomes a tax lien, complicating your property’s title and marketability. Many homeowners find themselves unable to sell unless they pay off the lien in full, delaying sales and increasing financial pressure.
FortiFi Financial: Not So Fortified for Sellers
FortiFi offers quick approvals and funding, but homeowners often find the interest rates and loan structures unfavorable long-term. Like other PACE providers, FortiFi attaches the debt to your property, complicating future refinancing or selling. Complaints to the Better Business Bureau cite surprise fees, poor communication, and closing issues.
Alliance NRG: A Lien That Limits You
Though promoted as a way to finance eco-friendly improvements, Alliance NRG’s PACE liens are often misunderstood. Many homeowners aren’t aware of the lien’s impact until they try to sell and realize buyers or lenders won’t move forward without the lien being paid off.
Counterpointe Energy Solutions: Complicated Closings and Lost Opportunities
Counterpointe’s PACE program allows homeowners to finance solar panels and efficiency upgrades, but the resulting lien reduces property appeal. Potential buyers may hesitate, and transactions often require lien clearance before closing, which can cost thousands out of pocket.
Conclusion: Sell Fast, Skip the PACE Headache
PACE financing may start with good intentions, but it often ends in frustration for Florida homeowners looking to move on. If you’re tired of dealing with tax liens, buyer resistance, and the stress of trying to sell traditionally, I’m here to help.
At Ocean World Investments, I buy homes as-is and for cash—even if you have a PACE lien. No banks, no agents, no waiting. Just a smooth, fair transaction that gives you the freedom you need.
Visit www.oceanworldinvestments.com or call 786-721-2381 to get started today. Let’s talk about how I can help you move forward—no matter your situation.