Posted on: 21st Oct, 2012 12:19 pm
My husband has two old state tax liens on his record. One lien is twelve years old and the other is nine. Both liens are from the state of California. We are wanting to buy a house in Texas where he now lives. Is there anyway of getting an FHA loan with these two liens on his record? The liens total about $5000
Thanks!
Thanks!
Hi texmama!
Welcome to forums!
When you apply for a new lien, the lender will ask your husband to pay off the liens in full. So, things may get difficult for you if the liens are not paid off.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
When you apply for a new lien, the lender will ask your husband to pay off the liens in full. So, things may get difficult for you if the liens are not paid off.
Feel free to ask if you've further queries.
Sussane
HI texmama,
As they are state tax liens, there is a high chance that the FHA lender will ask you to pay off the lien and then apply for a loan. It will be better if you could set up a repayment plan with the tax department and start paying off the liens. This will help you in qualifying for the loan.
Thanks
As they are state tax liens, there is a high chance that the FHA lender will ask you to pay off the lien and then apply for a loan. It will be better if you could set up a repayment plan with the tax department and start paying off the liens. This will help you in qualifying for the loan.
Thanks