Question:

How can you Buy a home with tax Leans, that will never come off your credit ?

by  |  earlier

0 LIKES UnLike

How can you Buy a home with tax Leans, that will never come off your credit ?

 Tags:

   Report

2 ANSWERS


  1. Your question is incomplete and confusing.  What kind of taxes (income or property), and are the liens against you, or seller?

    If you fail to pay your property taxes, your property will eventually be taken away from you.

    If you buy such property for back taxes at a tax sale or tax lien sale, follow all the rules, and the person does pay the back taxes with interest (which you get) during the redemption period, then you eventually get a deed to the property.

    If you have liens against you for failing to pay income/sales taxes, you have to settle or pay that off and save up a down payment before anyone would likely give you a loan for a home.

    If the seller has tax liens against the home stay away, unless the liens will be completely cleared up during the closing (have seller provide title insurance that protects "you").


  2. I assume you mean, you have tax liens against you (for failing to pay income tax).

    You can still buy a home - cash.  If you want a mortgage, the mortgage company will just treat it like another payment that you make every month (just like any loan debt).  Whether or not you get a mortgage will depend on your income and credit score.

Question Stats

Latest activity: earlier.
This question has 2 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Unanswered Questions