Tax Lien on Property

Property Tax Lien doesn't mean you can't sell your home. 

If you have a lien on property you should not ignore the IRS.  This is not a bill you can just wish away.  The end result of a property tax lien can mean lossing your home.   IRS Commissioner Douglas Shulman wants to expediate the process it's using to deal with residential tax liens.  They hope by doing this, it will enable many homeowners to keep their homes. 

When a homeowner is faced with tax trouble they are allowed to request that the federal tax lien be made secondary to the loan's lender.  This lien subordination makes the lender more willing to provide a loan, since they are listed as first priority. Shulman knows speeding up that subordination process could save many homeowners from lossing their property.

For those with property tax problems and considering selling your home for less than the existing mortgage, the IRS can also discharge the tax lien.  They are making every effort to avoid getting in the way of  homeowners trying to refinance or sell their home.  This has been available and currently taking up to 30 days.  Be clear with your lender on the property tax help your seeking, they may even know of some state programs that could help you.

Application: for a Certificate of Subordination of Federal Tax Lien and learn how to prepare one see:   Federal Tax Lien

Your lender may want: Certificate of Discharge of a Tax Lien  Form 783

Submit Request: Type a letter of request and documentation to One of the Collection Advisory Groups listed on the bottom of their page.  Form 4235

In these difficult economic time the government  is constantly adding new programs to aid homeowners.  Never forget to contact your State Representative for any program you may currently qualify for.   Representative

While a Tax Lien discharge sounds like you are debt free, think again.  They are only releasing their claim on the taxpayer's home to make refinancing or selling possible.  You will still be responsible for the taxes that are due.

 
 A Notice of lien on property will be issued only if they can not contact you.  Please don't ignore them,  you may be able to avoid doing all the work listed above.   If they remove a tax lien on a residence for what ever reason, they can shift claim on that taxpayers' other assests.

Let me help you with the Sale of your home.