Posted on: 27th May, 2010 11:40 pm
I want to know if I can sell my house while I still have a tax lien on it? I want to use the equity to pay off the liens and all of the local banks don't want to loan on it with the liens. Everyone says they can't get a clear title. The banks tell me it would be better to let it go through foreclosure to free up the title for the new owners. I don't want to lose all my equity through foreclosure sale. I am working with a tax attorney with the tax lien with the IRS. I just don't have all the cash upfront to pay all the lien off now.
Hi overdraftlounge,
The buyer of the property will want you to pay off the tax lien first. Thus, I feel it will be difficult for you to sell off the property with a tax lien on it. I would suggest you to negotiate with the IRS, get a payment plan and pay off the dues and then try to sell off the property.
Take care.
The buyer of the property will want you to pay off the tax lien first. Thus, I feel it will be difficult for you to sell off the property with a tax lien on it. I would suggest you to negotiate with the IRS, get a payment plan and pay off the dues and then try to sell off the property.
Take care.