Credit Repair Forums

Go Back   Credit Repair Forums > Public Records

"Learn the Secrets I Used to Wipe Away Negative Items on My Credit Report & Raise My Scores Over 200 Points!"

Credit Repair Tips - Grab your FREE report (a $77 value!) Just enter your email addresss to the right & it will arrive within seconds!

E-Mail:

Credit Forum | Credit Repair Companies | Credit Repair Letters | Remove Bankruptcy | Charge Offs | Remove Collections | Remove Public Records | Remove Foreclosure | Remove Judgement | Late Payments | Remove Tax Lien | Lexington Law | Credit Repair Services | Credit Secrets Bible | Credit Card Debt | Debt Elimination | Getting Out of Debt


Reply
 
Thread Tools Display Modes
  #1 (permalink)  
Old 12-23-2007, 12:22 PM
Junior Member
 
Join Date: Dec 2007
Posts: 1
help_a_brotha_out is on a distinguished road
Default Remove a tax lien against a home?

Is there a legal way to remove a tax lien against a home? My business partner and I purchased an investment home about 2 years ago. We've decided to sell now but there's a big problem: To my surprise and disgust - The IRS has slapped a tax lien against the home since my business partner has to pay back-taxes. We are both on title but I'm solely on the mortgage loan (I messed up in this case, which I know, but I need to deal with removing this tax lien first). She has bad credit so she can't get a loan or even a credit card to pay off her tax debt. I know the housing market is bad but I want to remove this tax lien. Help... S.O.S.... How do I get out of this predicament?
Reply With Quote
  #2 (permalink)  
Old 12-28-2007, 03:56 PM
chane's Avatar
Administrator
 
Join Date: Apr 2007
Posts: 816
chane has disabled reputation
Default

How to Remove Tax Liens from Your Credit Report

That's the only way I know how.
__________________
Chane

Top Credit Repair Companies | MyFICO
Reply With Quote
  #3 (permalink)  
Old 12-28-2007, 11:03 PM
Junior Member
 
Join Date: Dec 2007
Posts: 1
scubalady01 is on a distinguished road
Default

Pay it before someone else does. If you wait too long, you get to pay the investor back for the lien plus hefty interest. Wait a lot longer and you'll lose your property altogether.You might be able to put the place up for sale and draw up a contract by which the buyer assumes the lien. Outstanding tax obligations are often part of the final closing. You would have to check your state laws though. Call a local realtor and see what they say.
Reply With Quote
  #4 (permalink)  
Old 12-28-2007, 11:57 PM
xyz xyz is offline
Junior Member
 
Join Date: Dec 2007
Posts: 1
xyz is on a distinguished road
Default

You can't, they got you by the ying yang and won't let go till ya pay..the U.S. mafia has ya covered...
Reply With Quote
  #5 (permalink)  
Old 12-29-2007, 01:42 AM
Junior Member
 
Join Date: Dec 2007
Posts: 1
Angela S is on a distinguished road
Default

You may be able to work out a settlement with the IRS. Call them to see if you can work with them to get it released, but you will have to pay it. The IRS will make sure that you can't do anythingunless that is paid.Lesson one in partnerships: always be careful who you partner with. You will be surprised what some people will do when money is involved.Best advice, remove the tax lien once you have a buyer in place and sell it quick. You want to dissolve this partnership before it gets worst... and it can always get worst. Better to cut your losses now. And see if your "partner" will pay you out of the proceeds if any. Also, brainstorm, would your partner give you part of all of their ownership in a quick claim deed. Perhaps then you will have some compensation for paying their bills.If you can afford to pay, look into a small business loan or something. With the current market, it is reminding us that real estate is one of the riskies investments out there!
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How long can/does a tax lien be placed on your Fix Public Records 21 06-16-2009 07:18 PM
state tax lien? sweetlady Public Records 1 12-30-2007 01:45 PM
Tax lien against my mobile home Adam V Public Records 1 12-23-2007 02:01 AM
Can I refinance with a tax lien? tina t Public Records 3 12-08-2007 06:57 PM
How do I remove my wife from home ownership to... herbajones Mortgages 2 08-12-2007 09:57 PM


All times are GMT -4. The time now is 05:39 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.