Posted on: 01st Jul, 2010 06:36 am
We live in Texas & my father was on a payment plan for back taxes; he recently passed away. The IRS has placed a lien on the home, which I and my children live in (we shared the residence with my father for many years and split the bills). He died without a will. The house was paid for, but we had to take out a home improvement loan several years ago because the home was in severe disrepair, so there is a mortgage owed. What do I need to do to save the home?
The IRS rarely forecloses on tax liens, so I would not worry for now. You will have to pay the lien eventually. I would wait until you sell the house and pay the lien off during escrow from the sale proceeds.