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Tax Lein on co jowned property

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daltonsjr Joined: 22 Jul 2008 Posts: 17 9.36 Dollars($)	Posted: Wed Aug 11, 2010 12:28 am    Post subject: Tax Lein on co jowned property Like 0 Dislike 0 Hello, if one owner is sent a tax lien notice held against a property, but several owners are on the deed, no mortgage, can the IRS force a sale to claim funds due? They have all been on the deed for many years. Thanks
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Wed Aug 11, 2010 1:18 am    Post subject: Like 0 Dislike 0 hi daltonsjr, 'Sale by force' is obviously a last resort of any organization. Before that they will send multiple notices to either all stakeholders or major equity holder for the payment of the tax. If the amount is large enough then only they can consider this option of 'sale & recover'. But if the amount is not considerably large compared to the actual market value of the property then they may not use the option of selling at all. P.S. You are advised to discuss this tax issue with other stakeholders in the property as earliest to avoid any delay in the tax payment. DIPA
Guest	Posted: Wed Aug 11, 2010 2:05 am    Post subject: Like 0 Dislike 0 Thank you for your reply, DIPA. I wasn't sure if they could initiate a right to partition and break up the property to get one persons' interest paid off.

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