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With help from a qualified CPA or Attorney it is possible to get the lien lifted in order to refinance or sell. However this is a process you should get help with to accomplish.

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โˆ™ 2008-03-19 14:56:19
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Q: Can you refinance with a tax lien on your property?
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Related questions

Can I refinance if a lien is placed against the property?

Yes you can refinance with a lien on your home. The lien will have to be paid off in order for you to complete refinance.


I have a tax lien on my home can I refinance it?

That tax lien would need to be paid


If you have a lien placed on your house does this mean you can't refinance your mortgage OR buy a new home until that lien is removed?

The lien doesn't usually affect after-acquired property unless it's an income tax lien. You cannot mortgage, refinance or sell the property against which the lien was recorded. That is exactly the purpose of recording a lien in the land records.


Who can file Mississippi tax lien?

The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.


What happens to a tax lien property when owner dies?

A property that has a tax lien will become the property of who is owed the tax when the owner dies. If the tax owed is a property tax, the property will probably be sold to pay the tax. If the tax lien is through the government the same thing will likely happen.


Can a tax lien be assumed by the buyer of a property in Ohio?

Tax liens must be paid before title to the property is transferred. The purpose of a tax lien is to prevent the property from being transferred before the lien is paid.


How long does a property tax lien last in NJ?

Property tax liens do not expire.


What does release of tax lien mean?

Tax liens are usually placed on property creating an encumbrance on the property. The result is that once the property is sold the profits from the sale must first go to satisfied the lien holder with the balance going to the seller. Generally speaking if a tax lien is released then the property, personal or real is free of any attachments. Tax lien is a public record and all creditors will be notified about the tax debt. If you have a tax lien, you may be not able to make any big purchases. A tax lien may have a negative influence towards your business. Generally, "release a tax lien" = " resolve your tax debt". Of course, a tax lien can be released automatically within ten years if a new tax lien is not filed. For more information of how to release tax lien, you can check the related links.


What is a federal tax lien?

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 lien will stay in place until the lien is satisfied or the liability is paid. The lien does not need to be renewd.


How does a person with a tax lien on him buy a house?

A person doesn't have a lien; only property can have a lien.


Can you refinance a second loan only and not the first?

You cannot refinance a 2nd lien on a property, you must refinance the first mortgage as well. Resources: http://www.fixed-mortgagerate.com


How can you get an IRS tax lien off a property that you hold a mortgage on if your mortgage pre dates a tax lien for the person who financed?

The tax lien must be paid to remove it from the property. If you foreclose on the mortgage the tax lien would be a junior lien, however, the IRS has a right of redemption. If you plan to foreclose you should consult with an attorney who specializes in foreclosures.The tax lien must be paid to remove it from the property. If you foreclose on the mortgage the tax lien would be a junior lien, however, the IRS has a right of redemption. If you plan to foreclose you should consult with an attorney who specializes in foreclosures.The tax lien must be paid to remove it from the property. If you foreclose on the mortgage the tax lien would be a junior lien, however, the IRS has a right of redemption. If you plan to foreclose you should consult with an attorney who specializes in foreclosures.The tax lien must be paid to remove it from the property. If you foreclose on the mortgage the tax lien would be a junior lien, however, the IRS has a right of redemption. If you plan to foreclose you should consult with an attorney who specializes in foreclosures.


What is tax lien on title?

A tax lien is recorded by the IRS, the state department of revenue or the town when the property owner is delinquent on payment of some type of taxes. The property cannot be sold or refinanced until the tax lien is paid.


Is a levy the same thing as a lien?

No. Levy has different meanings.To levy is to impose a tax or fine. A levyrefers to the act of a seizure of property in execution of a judgment by an authority such as a sheriff.A lien is a right or interest of a creditor in another’s property. For example, a mortgage, income tax lien, property tax lien or an attachment.


How does someone get a tax lien?

A tax lien is the result of not paying taxes such as income taxes and property taxes. Tax liens are imposed by the government.


What is a property lien?

When property taxes go unpaid, the city holds an annual auction offering individuals looking to buy investment property to purchases as many tax liens as they want. When you purchase a lien, you are not fully purchasing the property. You just paying the property owner's taxes and getting the lien certificate.If the property owner will not pay the tax within the given time, then lien holder can foreclose on the property. If you want to know how to buy tax lien properties visit realestatetaxliennetwork.com


Can a lien be put on your property for a tax judgment?

Yes.


Can a lien be placed on your home due to defaulted student loans?

The lender would need to sue you and win a judgment in its favor. It could then request a judgment lien that could be recorded in the land records. Once it has been recorded against you and your property, you cannot sell or refinance your property until the lien is paid.The lender would need to sue you and win a judgment in its favor. It could then request a judgment lien that could be recorded in the land records. Once it has been recorded against you and your property, you cannot sell or refinance your property until the lien is paid.The lender would need to sue you and win a judgment in its favor. It could then request a judgment lien that could be recorded in the land records. Once it has been recorded against you and your property, you cannot sell or refinance your property until the lien is paid.The lender would need to sue you and win a judgment in its favor. It could then request a judgment lien that could be recorded in the land records. Once it has been recorded against you and your property, you cannot sell or refinance your property until the lien is paid.


Does a lien on house or property have a statute of limitations?

It depends on the type of lien. Different types have different statutes of limitation and property tax liens don't expire.It depends on the type of lien. Different types have different statutes of limitation and property tax liens don't expire.It depends on the type of lien. Different types have different statutes of limitation and property tax liens don't expire.It depends on the type of lien. Different types have different statutes of limitation and property tax liens don't expire.


What does levy taxes mean?

A levy is a seizure of money or property to satisfy a tax debt. A levy is different from a tax lien. A lien is collateral placed on property for a debt. a levy is physically taking the property.


how do i find out if i have a tax lien?

5640 N. Milldam Pl, 83714 how do i find out if i have a tax lien on tv How to I see if I have a tax lien against me “how do i find out if i have a tax lien?” Want to know if lien is on my home by owners name tax liens in ashley county How do I find out if I have a tax lien? offical tax lien list for howard county md. by howard county government how do i find out if I have a tax lien is there a tax lien on the property 1026 Bay Landing, Galt, California, 95632 how i find out if i hace a tx lien? where is a free list of tax liens and deeds


What happens after a lien is filed on your home?

You will be notified of the lien/debt. In order to clear the home title (i.e.- for sale, or refinance, etc) the lien/debt will have to be satisfied. Depending upon the size of the lien and the circumstances, the lien holder may be able to force a sale of the property in order to collect the debt. It also depends on the lien holder's position. Priority is given to a tax lien, then the 1st mortgage, 2nd, etc.


What happens when a lien is placed on your real property?

Your property cannot be sold or refinanced until the lien is paid. In the case of a judgment lien, income tax lien or lien for property taxes you should be aware that interest accrues rapidly on unpaid amounts due.


Can you sell dirt off property with a tax lien on it?

YEP!


how much is the tax lein?

how much is the lax lien on this property