Federal Tax Lien
Has anyone experience d a possible short-sale with a federal tax lien, i am talking with a pre-foreclosure that has a balnce 40k 1st and fed tax lien 75k fmv150k
Has anyone experience d a possible short-sale with a federal tax lien, i am talking with a pre-foreclosure that has a balnce 40k 1st and fed tax lien 75k fmv150k
A short sale will not void the federal tax lien; you will have to negotiate a deal with the feds for a discount.
See http://www.irs.gov/irm/part34/ch11s05.html
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