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can I get a mortage with a tax lien

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Icon Mini Profile rreames





Joined: 23 Sep 2009

Posts: 1

1.33 Dollars($)
Post Posted: Thu Sep 24, 2009 9:18 am    Post subject: can I get a mortage with a tax lien
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I have a tax lien, and we went through a offer to compromise. We have agreed to a payback of $68 a month for two years, which only comes to $1632. We plan on just paying it off as soon as we get the paperwork back from the IRS. The problem is that we were told the IRS could take up to 4 to 12 months before we get the paperwork back. We have the 433-A forms and offer in compromise periodic payment voucher that was issued. Is it possible to still get a mortage?
Icon Mini Profile sunnyca2009





Joined: 04 Aug 2009

Posts: 1731

35.55 Dollars($)
Post Posted: Thu Sep 24, 2009 10:17 pm    Post subject:
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You may have difficulty in gettign a loan due to this tax lein.

See if you can call RS and see, if you can pay it now before the paper arrives and ask if it will show up on your credit report even after you pay it
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10250
Location: ALASKA
1043.57 Dollars($)
Post Posted: Thu Sep 24, 2009 10:45 pm    Post subject:
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Hi rreames,

I don't think lenders would be ready to give you a loan if they find that the property has a tax lien on it. You will have to clear off the tax lien first and then apply for a mortgage.

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