Lien Subordination
Lien subordination and mortgage
options for brokers, realtors/real estate agents and families/individuals
looking to buy, sell or refinance real estate
Mortgage industry perceives a tax
lien as a "kiss of death". Many mortgage brokers, realtors
or real estate agents believe that the existence of a tax lien
prevents mortgage options such as purchase, sale or refinancing
of real estate.
- Lien Subordination is possible to permit refinancing
to settle IRS tax debt
- Lien Subordination is possible where the taxpayer
owns no real estate and wishes to purchase real estate
- Lien Subordination is possible to permit the
person with the tax lien to buy real estate
- Lien Subordination is possible if a taxpayer
has no equity in real estate
The subordination of the tax lien satisfies the
requirements of the Internal Revenue Code because it can be demonstrated
that the subordination facilitates collection by the IRS and is
also in the best interests of the taxpayer and the United States.
If a notice of tax lien is withdrawn by the IRS to permit that
person to buy real estate, the purchase benefits both the taxpayer
and the IRS. The taxpayer will be able to get the credit and financing
to purchase the real estate that was previously denied. Even though
the IRS gives up priority to the mortgage, the IRS has access
to the potential appreciation beyond the mortgage.
Send us an email at info@irstaxattorney.com
or give us a call at (888)712-7690 to have your lien subordinated.
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