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ANYONE KNOW OF A mortgage CO THATS GIVES LOANS WITH TAX LEINS?


MY SIS HAS A FED TAX LEIN..SHE WANTS TO BUY A HOUSE BUT CANT FIND A MORTGAGE CO TO MAKE HER A MORTGAGE.HELP?

Someone said "she needs to find a lender that would be willing to pay off her existing tax lein and incorporate it into her new mortgage".

Well, they will only lend up to what the property is worth, so I'm assuming if the sister doesn't have the cash to pay off the tax lien, the purchase loan amount plus the tax lien would exceed the property's value.

Your sister is going to need to wait until she can pay off her tax lien to buy a house, which common sense would dictate even if the lender didn't.
It would be best if she paid off the tax lien.
in texas- it is hard. Fremont Mortgage Co. DID- they shut down. what state are you in?
Go to http://www.newprimehomeloans.com... and give them a call. It's a free analysis and they will be able to give you an idea on what your best options are. Ask to speak with Jon Griffin. He helped me out a lot.
She won't be able to find anyone. A lien ties up everything until it is paid off. Nobody will loan to her because tax liens take priority over any other lien. If the IRS decided to take her property to pay the lien, then the mortgage company would be out the money they loaned.

She needs to wait until she pays off the lien. THen they will be able to loan her money.

The sad thing about this situation is that as long as you continue to pay on your installment agreement, the IRS will not file a lien. However, once you default they will. Had she kept current on her payments, there would be no lien. I know that sometimes that is tough to do. If the mortgage companies know that, then that also reflects badly on her.
9 years in real Estate. I also have an installment agreement with the IRS, but no Tax Lien yet.
she needs to find a lender that would be willing to pay off her existing tax lein and incorporate it into her new mortgage. Try New Century or Countrywide.
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