Lien Subordination
A lien can be temporarily lifted if there is a tax lien on a home or property of a taxpayer and allow the home or property to be refinanced or sold. The IRS is often willing to Subordinate (to lower in rank or make secondary) their lien to another lender if this will assist the taxpayer in paying back their overdue taxes.
As an example, if a taxpayer was refinancing their home, then the IRS would consider what is termed a Lien Subordination to give the new lender's lien a first position on the property as long as the IRS is paid from some or all of the resulting proceeds.
411Tax Relief specializes in assisting those who are dealing with an IRS Tax lien. If you are struggling to pay your tax debt and it is next to impossible to pay it all in one lump sum you may be able to submit an
Offer in Compromise to settle the debt for a reduced amount. You also may be able to set up a
Payment Plan to pay off the outstanding taxes over time.
For sound advice on your tax problems or if you would like more information about Lien Subordination, contact
411Tax Relief. You don't have to live with your tax burden, start getting relief today.
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