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Old 01-05-2006, 07:30 PM
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Join Date: Jun 2005
Posts: 14

Tax Lein on House Want to Sell

Mississippi
Bad Stock advice - lost all investments - could not pay $20,000 in taxes (now closer to 30)-year 2001
Lien on our home & rental home. Renter wants to buy. We hope we can sell with enough to make acceptable offer to IRS after paying off mortgage but don't know how to go about it. Do we notify IRS of intent to sell?
I know they don't care we are elderly/disabled citizens. We don't want to mess up with the result being they foreclose on our home...HELP!
Last edited by NanBrown; 01-05-2006 at 07:32 PM. Reason: mis-spelled title
  #2  
Old 01-05-2006, 07:33 PM
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Join Date: Aug 2002
Location: Washington
Posts: 3,484
The lien will be paid when the house is sold -- the escrow company will pay the IRS before paying you. The IRS is not likely to 'settle' when they can get the full amount.
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