Showing posts with label federal tax lien. Show all posts
Showing posts with label federal tax lien. Show all posts
Sunday, August 24, 2008
Did you know that income tax liens attach to "after acquired" property?
Yes, that's right. So unless you can pay cash for a piece of real estate, expect to have a problem getting a mortgage.I am examining title today for the purchase of a property that went through foreclosure. I saw FTL on the cover notes and at first glance assumed it was a Federal Tax Lien against the former owner. Too bad, it's not. It's filed against the buyer and there is also a PA state
Did you know that income tax liens attach to "after acquired" property?
Yes, that's right. So unless you can pay cash for a piece of real estate, expect to have a problem getting a mortgage.I am examining title today for the purchase of a property that went through foreclosure. I saw FTL on the cover notes and at first glance assumed it was a Federal Tax Lien against the former owner. Too bad, it's not. It's filed against the buyer and there is also a PA state
Subscribe to:
Posts (Atom)