Posted on: 14th Sep, 2010 12:44 pm
I have a home that the lender has agreed to take in a Deed in Lieu. The lender is aware there is a State
tax lien in the amount of $869. They have agreed to do the deed in lieu and pay the tax lien. They also agreed to give me $2,500. However, they said they will issue me a check for the $2,500 only after they receive from the state a recorded copy of the Release of Lien or Satisfaction. I reside in Florida. I have called the Dept. of Revenue, but no one calls me back. If I am signing the deed in lieu and giving them the property and they are paying the lien, why should I wait for the amount they agreed?
THANKS, Nancy
tax lien in the amount of $869. They have agreed to do the deed in lieu and pay the tax lien. They also agreed to give me $2,500. However, they said they will issue me a check for the $2,500 only after they receive from the state a recorded copy of the Release of Lien or Satisfaction. I reside in Florida. I have called the Dept. of Revenue, but no one calls me back. If I am signing the deed in lieu and giving them the property and they are paying the lien, why should I wait for the amount they agreed?
THANKS, Nancy
Hi nbaroud,
It is you who are personally liable for the tax lien. The lender has no obligation to pay off the back taxes. Your lender is extremely good to pay off the lien on your behalf and get the property free and clear. In that case, you should be patient enough to wait for some time so that the lender gets the lien release certificate. Once he gets the certificate, you can ask him to give you the check.
Thanks
It is you who are personally liable for the tax lien. The lender has no obligation to pay off the back taxes. Your lender is extremely good to pay off the lien on your behalf and get the property free and clear. In that case, you should be patient enough to wait for some time so that the lender gets the lien release certificate. Once he gets the certificate, you can ask him to give you the check.
Thanks