How Does A Tax Lien Effect A Home Owners Credit?

How does a tax lien effect a home owners credit? how long does it stay And who puts it there the bank or the government?

Thanks, Jef Fisher MI

Comments(4)

futureREIking18th February, 2005

So if some one loses there house in a tax lien the bank or the state is not going to put that finacial loss on there TRW??
johnbriscoe13th August, 2004

I thought the $6.25 was added to what the debtor would have to repay. Ron Starr could let us know.

As to your second question if at the sale for the deed someone bids higher than you are owed the excess proceeds would go to the next lien holder in line. If there are no excess proceeds the junior lienholders are wiped out.
johnbriscoe18th February, 2005

Thanks for clearing up the fee issue, if 99% of these are being redeemed then the fee would eat up all of the profit. I think in Arizona if you buy a lien over the counter you pay a fee that is not included in the redemption amount.
quidam18th February, 2005

AZ does have a fee that is not included in the redemption amount.