You need to pay it. I think and I could be wrong. When I was in the process of selling a house that was inherited, there was a lien on it, when went to signing a check was cut to pay that lien off. You need to find out about this lein. It needs to be paid.
Call the building department of liens and see who put the lien on, how much it will cost, and where you have to pay. A lien can be put on by the tax office, or a contractor, or even an hourly worker who didn’t get paid years ago.
If you have questions regarding basic lien inquiries such as routine lien releases and lien payoff amounts, contact the Centralized Lien Unit by calling the toll free telephone number (1-800-913-6050).
Just go ahead and sell. Assuming that you’ll realize enough cash on the sale to cover the lien there’s no problem. The closing agent — title company or attorney — will pay off the IRS lien with the proceeds from the sale.
It might delay the closing for a couple of days while the closing agent verifies the total amount due to the IRS. You’ll be asked to sign authorization so that the closing agent can get that information directly from the IRS. If you don’t sign that authorization the deal will collapse and you won’t be able to close.
This isn’t all that unusual. You unload the house, the IRS gets their $$$, the buyer gets clear title, etc. If you have enough equity to settle the debt, it’s the best possible outcome all around.
February 27th, 2010 at 9:04 pm
pay your taxes immediately
February 27th, 2010 at 10:04 pm
You need to pay it. I think and I could be wrong. When I was in the process of selling a house that was inherited, there was a lien on it, when went to signing a check was cut to pay that lien off. You need to find out about this lein. It needs to be paid.
February 27th, 2010 at 10:44 pm
Call the building department of liens and see who put the lien on, how much it will cost, and where you have to pay. A lien can be put on by the tax office, or a contractor, or even an hourly worker who didn’t get paid years ago.
February 27th, 2010 at 11:09 pm
If you have questions regarding basic lien inquiries such as routine lien releases and lien payoff amounts, contact the Centralized Lien Unit by calling the toll free telephone number (1-800-913-6050).
February 27th, 2010 at 11:52 pm
Just go ahead and sell. Assuming that you’ll realize enough cash on the sale to cover the lien there’s no problem. The closing agent — title company or attorney — will pay off the IRS lien with the proceeds from the sale.
It might delay the closing for a couple of days while the closing agent verifies the total amount due to the IRS. You’ll be asked to sign authorization so that the closing agent can get that information directly from the IRS. If you don’t sign that authorization the deal will collapse and you won’t be able to close.
This isn’t all that unusual. You unload the house, the IRS gets their $$$, the buyer gets clear title, etc. If you have enough equity to settle the debt, it’s the best possible outcome all around.