Posted on: 01st Jan, 2010 11:56 am
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. Could we quit claim it to a person who would pay off the balance and they acquire title without removing the lien? Time is of the essence on this one. Thanks for any help.
betsy anyone who accepted a quit claim deed from you with a property subject to a federal tax lien would be extraordinarily foolish.
So other than paying the "lien", which we can't do, it's just going back to the bank? Then what happens to the lien? It must drop off. Then why isn't there a way to do something about it now? There isn't even an actual lien filed anywhere, only a notice of lien. There is no original note anywhere, which is the evidence of a debt. The banks are stealing property right and left, not even having risked a thing as the note becomes monetized and creates the "money". According to the Federal Reserve published books, that's how our money system works, and we're all being taken.
of course, i haven't seen the "notice of lien" so i can't comment on what that means precisely, but is this a federal tax lien? i suppose that to be the case based on what you noted about your husband filing taxes. i'm curious why you don't file taxes at all, but that's another question for, perhaps, another day.
if it's a federal debt, such as a tax debt, there never will be a promissory note to evidence the debt. it's in the law itself.
but since everyone is stealing money anyway, why even worry about it to begin with?
if it's a federal debt, such as a tax debt, there never will be a promissory note to evidence the debt. it's in the law itself.
but since everyone is stealing money anyway, why even worry about it to begin with?
The Notice of Federal Tax Lien IS the lien, that is the document that the IRS records. Just google it and your first link will be to the IRS site explaining in detail how it works.