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How do you find out if you have a tax lien on your house?
The lien will remain on the property until you pay it or until the statute of limitations for that particular type of lien has passed. Property tax liens do not expire. Tha…t is a main reason why anyone who purchases real property should be represented by an attorney and should have the title examined by a professional. Liens and other encumbrances should be addressed at the closing so the new owner acquires the property with a clear title. The buyer's attorney will make certain that the liens are paid off before the proceeds are handed over to the seller.
Generally in the US, you need to check the public land records in the jurisdiction where that person resides.
Not without satisfying the lien or you can subordinate a tax lien in order to sell the house. Sometimes, the IRS will allow you to do this, if they believe it will help you to… pay your tax liability.
Answer To find out if there is a lien on your house, you can research this at your local register of deeds office and or research this with the local court …of clerks office in your county in which you live or for the county where the property is located.
Visit your local tax assessor's office.
It is possible to go to the Register Of Deeds office at your county court house. Take along a tax bill or something else with the legal description of your property. Someone t…here will help but be prepared to spend several hours. Another more costly way would be to have a local title company run a search for you. You could find one in the YP or any search engine. Depending upon where you live, the city Town Hall assessor's office is a good place to start. Now in New England most assessor's offices are on line and you can find the liens placed on a piece of real property in the town's database system. You can always check through the recording books to double check. A good real estate attorney always has someone in their office doing this for a small fee if you do not want to do it yourself.
The lien must be paid at the time of the sale. You can sell your house, but the title company will pay the lien out of your proceeds or require you to come to the table with t…he money if there is not enough received from the sale. This is because they need to provide clear title to the house to the new owners.
Visit the land records office in your jurisdiction and ask the staff to assist you in checking your name in the grantor index. Any liens should be indexed under your name and …you can obtain copies of any that you find.
Answer Theoretically it is possible to execute a lien as a forced sale of a primary residence. However, some states have laws that specifically forbid such …action and in most cases the homestead exemption will protect the property when it pertains to unsecured debts . Even if that is not the case homes that are jointly owned (especially by a married couple) are rarely subjected to a forced sale. In addition, senior citizens, disabled persons, and low-income persons generally have added protection against losing their home with the exception of issues concerning foreclosure. State and/or federal tax issues are a totally different situation.
The tax lien foreclosure process is a great form of investing right. Purchasing tax liens and foreclosing on them gives you the ability to purchase properties at a fraction of… their cost. Then you can turn around and either rent them out (and make some steady passive income) or sell them at market value for a tidy profit.
A lien consists of a creditor applying a notice of amount due to any property a debtor may have. This amount must be paid before the property can be sold. A judgment happens …when a creditors goes to court to obtain any amount owed. If you were to apply for a loan after a judgment is granted, you may have to pay the judgment before any other credit can be obtained. Both items reflect negatively on your credit report and may prevent future credit. [sale or purchase] In tax-speak, Tax Lien and Tax Judgment mean the same thing -- it is a public record, and a notice to the public that you owe taxes. Most tax liens attach to both real property and personal property. If you own your home, the taxing agency that placed the lien against you uses a tax lien to create a security interest -- once the lien is filed, they are a secured creditor. If you try to sell your house, you will have to pay the lien off at the closing to ensure that you have a clear title to transfer. The taxing agency will be in line for proceeds based upon when they filed the lien.
There are programs and books with state-by-state guides on where to find tax lien properties and sales. Visit the link below for the website, Tax Sale/Lien Reviews, to l…earn about these helpful resources.
You can find out if you have a student loan tax refund lien by calling the IRS. The phone number is (800) 913-6050.
You can not sell your house or if you die your home will go to the people who have a lien on your home.The best thing to do is to pay off the lien which is usually someone or …a bank you owe money.
Answer Tax liens will only be removed after they have been paid, been discharged through bankruptcy or the time to collect (statutes) have expired, or an a…greed amount has been Paid thru the "Offer in Compromise" program.
A tax lien is when the IRS files a lien against a tax payer in the courthouse where the taxpayer lives. This lien will attach the the property the tax payer owns. The li…en will stay in place until the lien is satisfied or the liability is paid. The lien does not need to be renewd.
There aren't any really specific requirements for bidding on a tax lien. You simply have to know what you are doing. There are some great programs and books out there that can… guide you through this process (http://tax-sale-lien-reviews.com). Knowing how the process works, including the possible risks associated with this type of investing, will better equip you for the auction/bidding process.