Posted on: 04th Aug, 2010 08:56 pm
Mortgage company files foreclosure papers, 134,000
then before it forecloses irs file 1.6 million lien
who wins who forecloses and who gets money and property decreased in value to 81,000
then before it forecloses irs file 1.6 million lien
who wins who forecloses and who gets money and property decreased in value to 81,000
Hi trk!
Welcome to forums!
As per my knowledge, the IRS lien will be paid off prior to your mortgage dues. If the foreclosure of the property does not satisfy the loan, then the lender may sue you for the balance dues.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As per my knowledge, the IRS lien will be paid off prior to your mortgage dues. If the foreclosure of the property does not satisfy the loan, then the lender may sue you for the balance dues.
Feel free to ask if you've further queries.
Sussane