Posted on: 31st Dec, 2009 12:24 pm
Our home is in foreclosure, nearing the end of the redemption period. The mortgage and title is in both of our names. We have a buyer, but the title insurance is showing that there is a notice of Federal lien on the property. Only My husband files married, filing separately. So the lien is against him only I should think. Would him quitclaiming the property to me lift the lien, clear the title and allow me to complete the sale? Time is of the essence on this one. Thanks for any help.
Hi betsydettloff,
The lien has been filed against the property. Though your husband files the taxes separately, quitclaiming the property will be of no help in this case. The lien will still remain on the property. Your husband will have to pay off the lien in order to make the property free and clear.
Thanks
The lien has been filed against the property. Though your husband files the taxes separately, quitclaiming the property will be of no help in this case. The lien will still remain on the property. Your husband will have to pay off the lien in order to make the property free and clear.
Thanks
How can they lien a property that is jointly owned? They are inhibiting my rights?
your husband is coowner of property. you ask him to clear the tax lien
It seems that it drops off once the property goes back to the bank. What if someone paid off the property to the mortgage company. When they transfer title, the lien wouldn't stay on either, would it?
Hi Betsy!
Welcome to forums!
If the property is foreclosed by the lender, it goes back to the lender. This will not help you in removing the lien from the property. After the property sale is complete, if there's a deficient amount, then you would be responsible to pay it off.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If the property is foreclosed by the lender, it goes back to the lender. This will not help you in removing the lien from the property. After the property sale is complete, if there's a deficient amount, then you would be responsible to pay it off.
Feel free to ask if you've further queries.
Sussane