Posted on: 19th Jun, 2010 10:34 am
hi, i was wondering if i could still refinance my home even though the irs put a tax lein on me in the amount of $23,000?
You ask a good question. Can you finance when there is a $23,000 tax lien against your property. It's up to the lender, because when they do a title search they will or should find any and all liens against the property of interest that they are attempting to fund. More than likely if your are requesting a $200,000 loan to finance a property and that is your loan request and approval limit and suddenly there is another $23000 that they have to contend with that will be a problem. on the other hand, if your have say equity or great credit where they can extend more funds to your then your might be about to include the $23000 in the refinance to take care of your lien problem with the irs. It depends on the lender and your circumstances.