FHA loan w/back taxes owe

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Icon Mini Profile tnt





Joined: 13 Jul 2011

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Post Posted: Wed Jul 13, 2011 1:07 pm    Post subject: FHA loan w/back taxes owe
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Hi, I am prequalify for FHA loan and nothing serious came up on my credit report. A few months back, I got a notice from the IRS that I was audited and owed taxes for year 2008. My offer is accepted and paperwork being sent to underwriter. Will the tax audit be an issue on me getting a loan?
Icon Mini Profile sara
sara
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Post Posted: Fri Jul 15, 2011 1:17 am    Post subject:
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Hi tnt,

If your tax payments are delinquent, then it might be a problem for you when you apply for a loan. The lender may disapprove the loan for this. You should immediately pay off the delinquent taxes so that you don't face any problems while getting the mortgage.

Take care

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Icon Mini Profile jveenstra
jveenstra
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Post Posted: Mon Jul 18, 2011 11:17 am    Post subject: Taxes
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The Lender will know about the delinquent taxes only if the IRS filed a judgment because you did not pay them as requested.

There is no judgment on your credit report.

Now your only concern is the title search. It is possible for a judgment to be on title but not on the credit report.

If the audit was recently, the IRS may not have filed anything

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