Is It Possible To Do A Short Sale With A Federal Tax Lien?

Posted on May 13, 2012 in Roseville and Sacramento Short Sale FAQs

Hello everyone this is Mark Peek at Keller William’s Real Estate, your short sale specialist in the Roseville and Sacramento area. Today’s topic is regarding IRS tax liens that have been attached to your house; the tax lien could have happened in the past or is recent, but either way, it’s been attached to your home loan and you need it removed in order to complete the short sale. You may be underwater at this point, wanting to do a short sale and wondering how that will happen. Will the IRS actually negotiate that, will they remove the lien and can we move forward with the sale?

I can tell you that I can negotiate with the lien holders, such as Bank of America, Chase, Wells Fargo, and get them to settle for less, but the IRS will not settle for less. They will, however, appreciate the fact that you’re trying to avoid foreclosure and will work with you in order to complete a short sale and remove the lien. They won’t necessarily discount your payoff on your tax lien, but they will work with us to get it removed, as long as you provide the requested paperwork. There is a lot of paperwork that they require, such as a buyer’s appraisal and certificate of tax discharge documentation; essentially you need to make sure all of your financial documents are in order to get the federal tax lien removed so we can close the short sale.

If you have any specific questions or you have a situation similar to this, please give me a call or click Start Here at the top of the page. I would be happy to follow up with you, answer all of your short sale questions and help you with your specific situation. Again, I’m Mark Peek with Keller William’s Realty in Roseville and Sacramento and I’m your short sale specialist for the entire Roseville and Sacramento area. I look forward to working with you and meeting your short sale needs.

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