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The lender will require that the lien be paid off with proceeds from the refi if the refi is approved.

No. A lien encumbers the property and it cannot be sold nor refinanced without being satisfied or settled before any other financial transaction occurs.

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14y ago

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Related Questions

Refinance your mortgage if you owe back taxes?

Do you have a lien on your home? If a lien is placed on your home, you will not be able to refinance to pay back taxes.


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.


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.


If you don't pay can they take your home?

The IRS could get a lien on your home for failing to pay any income taxes that may be due. If there is a federal tax lien on your home, you must satisfy the lien before you can sell or refinance your home.


How does an ex's tax lien affect you if you want to refinance a home where the deed has both your names?

The lien will have to be satisfied if he's to remain on the deed. The easiest course of action is to take him off -- the title company can handle this, it's not an overly-complicated procedure.


What is the results of having a judgment lien put against your home in Louisiana?

When you sell or refinance they get paid


How to find out if you have a Student loan tax refund liens?

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


How does a IRS tax lien affect you if you want to refinance a home and the tax lien is 17 years old?

An IRS tax lien typically expires after ten years. The problem with this is that there are two types of IRS liens. The more common type is called a "self-releasing" lien.If you are able to obtain a copy of the lien itself, you want to check to see if it says something along the lines of "this lien expires on SOME DATE unless refiled". If it says that, you have a self-releasing lien.The problem with this is that the credit bureaus do not seem to understand the concept of the self-releasing lien. They simply watch the public records to see if the IRS has reported the lien as being released, and if the IRS has not done so they assume the lien is still in force.A lender will typically want a tax lien released or subordinated to the new lender if you are trying to refinance the home. You can contact the the IRS Lien Unit at 1-800-913-6050 and ask them if they show any liens on file. If they say no, tell them that there is an old tax lien that is still showing up on your credit report and they should be able to fax you a formal Release of Lien and also mail one to your County Clerk and Recorder.If the lien is actually still in force (which is unlikely, given that the IRS Statute of Limitations to collect a debt is 10 years) then you will need to get a Certificate of Subordination before you can close on the loan.


Is it possible to create your own tax lien certificate by placing a lien on someone's home without their permission if they have delinquent tax?

No. Only the IRS and/or state tax agencies can place a lien against real property of the person who has tax arrearages. Also, only the IRS or States can get a lien filed without going to court.


what is this lien for?

what is this tax lien for


What does it mean when someone puts a lien on your home in California?

It means that you owe someone money, they have obtained a judgment against you and you will not be able to sell or refinance your property until the lien is paid and a discharge is recorded.


where do I get a tax lien directory?

where do I get a national tax lien directory

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