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State lien?

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Tucker

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

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Post Posted: Mon Sep 17, 2007 8:49 pm    Post subject:
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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.
Icon Mini Profile larry





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Post Posted: Tue Sep 18, 2007 9:19 pm    Post subject:
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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.
Icon Mini Profile livinginnky
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Post Posted: Wed Sep 19, 2007 12:22 pm    Post subject:
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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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Icon Mini Profile liaoyu03





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Post Posted: Thu Sep 20, 2007 11:31 pm    Post subject:
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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.
rob campbell

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Post Posted: Thu Aug 26, 2010 9:51 pm    Post subject:
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1. first of all, do you people not see his lien is in A and the home he wants to buy in in AZ? California is not going to chase anyone down and attach out of state property..period. Could they in theory? Sure with more expense than the taxes likely are.

2. Second, any use of "Illegal" is plain stupid. It is not illegal to buy property because you have a lien in another state. You an buy whatever the hell you want if you an get a loan, and if you have cash easier.

3. One person got close but still misses it. correct most lenders will not lend without the item being cleared, but that would almost always simply mean paying off as part of the closing process...it is not uncommon for debts to be paid at closing and being included in the mortgage, so long as the property value supports the mortgage plus payoffs from an appraisal standpoint.

why do people speak with certainty when they are blowing smoke out of their butts?
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