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FHA loan w/back taxes owe

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tnt Joined: 13 Jul 2011 Posts: 1 1.36 Dollars($)	Posted: Wed Jul 13, 2011 1:07 pm    Post subject: FHA loan w/back taxes owe Like 0 Dislike 0 Hi, I am prequalify for FHA loan and nothing serious came up on my credit report. A few months back, I got a notice from the IRS that I was audited and owed taxes for year 2008. My offer is accepted and paperwork being sent to underwriter. Will the tax audit be an issue on me getting a loan?
sara Moderator Joined: 05 Jul 2006 Posts: 2694 Location: New Brunswick, New Jersey 496.42 Dollars($)	Posted: Fri Jul 15, 2011 1:17 am    Post subject: Like 0 Dislike 0 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 _________________ Find me at FB: http://www.facebook.com/people/Sara-Jones/100002976822020
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Mon Jul 18, 2011 11:17 am    Post subject: Taxes Like 0 Dislike 0 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 _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278

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