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You would like to purchase a property but the property has an IRS lien what can you do?
Wiki User
∙ 15y ago
The lien must be paid. A federal tax lien is effective for over ten years, can be re-recorded if not paid and remains on the property until it's paid. In many cases, the amount due can be negotiated with a promise for immediate payment. The seller's attorney should contact the IRS to negotiate the final amount due. You should seek the services of an attorney who will examine the title of the property to ascertain if there are any other liens. If there are outstanding federal taxes chances are that there are other debts. Your attorney could also arrange to set aside a part of the purchase price to pay the IRS lien.
Wiki User
∙ 15y ago
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My husband owes money to his realtor company HE WORKED FOR they would like to put a lien on our house can they?
If the realtor sues for the amount owed and wins a judgment then the judgment can be used as a lien against the home even if it is titled in both names. Whether or not the judgment holder could request a forced sale of the property would be determined by the laws of the state in which the property is located based on the way the title to the property is held. The exception to the necessity for a court judgment to place a property lien would be the filing of a Mechanic's Lien.
You have been name 1st lien holder through Texas law on residential property and would like to sell your interest to a broker?
How about selling it to an investor???
If you are not in agreement with charges can a Builder put a Mechanics Lien on your property?
Yes, that is exactly when the builder would do it! If you're in agreement, there would not be any reason to have the expense of filing a lien. You will need to settle the dispute (like gentlemen) and obtain a release (and preferably a waiver of any other claims) that conforms to your local lien/release recording regulations.
If a business has a lien on it?
Would like for you to Check if there is a lien on Bo Peep's Bar & Grill
Purchase Aluminum Fencing?
form_title=Purchase Aluminum Fencing form_header=Keep your property safe and secure by installing a fence around the property. How many feet around is the area your trying to fence?=_ How tall would you like your fence?=_ When would you like these services done?=_
Collecting on a lien on sold property?
Like many liens, it goes with the property until it is paid off or waived (released) on the records. To enforce a lien, a court judgment is obtained that orders seizure and disposal of the property (regardless of who happens to own it or live in it), with proceeds to be used to satisfy the lienor.
Can you lien someone's property without a court judgment?
If most cases, the answer is no. However, it depends on the type of lien in involved. In California for example, there are laws that allow a contractor to file a mechanic's lien against property if the contractor has not been paid for work done on the property. However, the lien becomes null & void if the contractor does not file a lawsuit within 90 days after the lien was recorded.
Can you get a home equity loan on your rental property?
If you are renting the property from someone else and do not own it, no, because a home equity loan is like a mortgage. The lender has a lien on the property if you default on the loan. If you are the owner of a property and rent it out, yes you should be able to get a loan with the property as security.
How do you put a mechanic's lien on a motorcycle?
You don't. A Mechanic's Lien is a legal instrument that can be used by a contractor, business or person who has made improvements to real property. For example, a company installs windows in a house and the homeowner who contracted the service does not pay the bill, the contractor can then file a Mechanic's Lien against the property where the windows were installed by recording the lien in the land recorder's office in the county where the property is located. That is actually not true. A mechanics lien is a lien that can be put on any type of vehicle due to an unpaid bill for the services that you receive. For instance, if you take your vehicle to a shop and then fail to pay them, they can put a mechanics lien on it until the balance and services are paid for in full. That is why it is called a "mechanics" lien. If you are not a licensed mechanic, you cannot put a mechanics lien on anything. However, you can go to your local county courthouse to file a standard lien.
I would like to purchase the spider man?
I would like to purchase the venom
What a lawsuit lien?
They put a partial claim on a peice of property like a car or house that must be satisfied when sold to obtain clear title. For example a finance co has a lien on your car until you've paid them off.
What is the difference between vacate and satisfaction of a lien?
The difference between vacate and satisfaction of a lien is the way in which it was surrendered. During a vacate of a lien, the creditor is releasing the lien on a loan, usually because of a full repayment. The satisfaction of a lien would be like a repossession for non payment to a creditor.
