We are trying to buy a house and the title search showed many tax liens by the IRS. Turns out the sellers won’t net enough to pay the lien. We have verbal assurace that the IRS has agreed to the sale, and the sellers submitted all the paperwork. But how long does it typically take [...]
I am selling my home in a short sale because I can no longer afford it and if it doesnt sell then I will be foreclosed on.
I dont have the cash to pay off the tax lien nor do I have another piece of real estate to move the lien to….so now what?
The house is [...]
My bank agreed to accept a short sale contingent upon a list of conditions being met. In this list they include the minimum amount they will accept my concern is that this list does not include pay off of the tax lien on my home my agent told me that it will be taken care [...]
If there is a lien placed on a person’s real property for unresolved state income tax, what does that mean? (The state is Michigan.)
I know it means that if the property is sold, the state must get paid what’s due to them out of the proceeds of the sale.
Can the state force sale of [...]
I would like to learn about tax sales and tax liens or foreclosures. How can I do this without it costing me money to learn?
Contact the tax collector’s office in the jurisdiction that you wish to invest. They will be happy to explain the procedures to you and usually can sign you up [...]