I have a fed tax lien on the only property I own. I'm heading into a short sale. So what happens to my lien?
Mar 15, 2010 in
Questions And Answers
I am selling my home in a short sale because I can no longer afford it and if it doesnt sell then I will be foreclosed on.
I dont have the cash to pay off the tax lien nor do I have another piece of real estate to move the lien to….so now what?
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One comment
Landlord on March 15, 2010 at 3:41 am
The house is not going to be able to be sold at all without paying the lien.
If the house is foreclosed on they will procede to garnish your wages, seize accounts, etc until you pay us back for the money you illegally kept.
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