IRS Tax Lien Question
To whom it may concern,
My wife and I were trying to get a mortgage loan for a home. I spoke with a Loan officer today and today and unfortunately, I have a tax Lien for around 7k. He told me that it would be hard for me to get any type of loan until the tax lien is lifted. I see that there are many law firms and groups that offer a service to lift the tax lien and put you on a payment plan. I am a little skeptical of that process, but I would like to see if I can get this lien lifted in order to pursue buying a home. Is there any groups or techniques that you would suggest looking into to lift this lien? Thanks for your assistance
From lots of clients' experience, I'll tell you now: Don't waste a dime paying anybody to eliminate or reduce your tax lien...they won't do you an ounce of good and you'll waste any money so trying.
It'll go away by itself after 10 years of life, but if you need to eliminate it earlier, just pay it.