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State lien?

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Tucker

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PostPosted: Mon Sep 17, 2007 7:16 am    Post subject: State lien?

Hi,
If a person has a state tax lien in california (does not own real estate) and wishes to purhase property in arizona, would the lien in california need to be satisfied first?
Thanks
 
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Maxy

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PostPosted: Mon Sep 17, 2007 8:49 pm    Post subject:

Hi Tucker,

The state tax lien supersedes all other liens. So, before clearing off the state tax lien, I don't you will be able to purchase another property in Arizona.
 
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Icon Mini Profile larry



Joined: 27 Jun 2007

Posts: 2951



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PostPosted: Tue Sep 18, 2007 9:19 pm    Post subject:

Hi Tucker,

Before purchasing another property in Arizona, I think you will have to satisfy the state tax lien. Otherwise, you cannot purchase a new property.
 
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Icon Mini Profile livinginnky
livinginnky
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Joined: 08 Sep 2007

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PostPosted: Wed Sep 19, 2007 12:22 pm    Post subject:

I don't know of any lender that will allow a tax lien to remain without being paid off.

If you purchased a home then the state of California could foreclose and get their money. This is why no lenders do loans like that.

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Eric Matthews

Mortgage Refinance and Home Loan Guide
 
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Icon Mini Profile liaoyu03



Joined: 09 Sep 2007

Posts: 141



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PostPosted: Thu Sep 20, 2007 11:31 pm    Post subject:

yes, if you don't pay back your loan for cancelling the tax lien. it's not allowed to buy any other properties in other state. otherwise, The loan companies will foreclose and you will lose your property in california.
 
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