Posted on: 13th Jul, 2011 01:07 pm
Hi, I am prequalify for FHA loan and nothing serious came up on my credit report. A few months back, I got a notice from the IRS that I was audited and owed taxes for year 2008. My offer is accepted and paperwork being sent to underwriter. Will the tax audit be an issue on me getting a loan?
Hi tnt,
If your tax payments are delinquent, then it might be a problem for you when you apply for a loan. The lender may disapprove the loan for this. You should immediately pay off the delinquent taxes so that you don't face any problems while getting the mortgage.
Take care
If your tax payments are delinquent, then it might be a problem for you when you apply for a loan. The lender may disapprove the loan for this. You should immediately pay off the delinquent taxes so that you don't face any problems while getting the mortgage.
Take care
The Lender will know about the delinquent taxes only if the IRS filed a judgment because you did not pay them as requested.
There is no judgment on your credit report.
Now your only concern is the title search. It is possible for a judgment to be on title but not on the credit report.
If the audit was recently, the IRS may not have filed anything
There is no judgment on your credit report.
Now your only concern is the title search. It is possible for a judgment to be on title but not on the credit report.
If the audit was recently, the IRS may not have filed anything
