Bailey Lares: Checking the tax status is the responsibility of the closing agent, either a title insurance company or an attorney. If they overlooked (missed) back taxes in their title search, then they're liable to correct the ovesight. realtor.sailor
Robbie Starchman: Uh...if you are saying you OWE taxes and want to buy a home; no. Pretty much every jurisdiction and lender is going to require you to satisfy any outstanding tax obligations before taking on property taxes and mortgage
Barrett Alosa: Most lenders won't lend money with a tax lien against you, unless the loan includes enough to clear your lien.As soon as your name goes on the deed, the IRS has a lien on the property also and the IRS lien is superior to the banks, so the bank could loose their investment if the IRS seizes the property to satisfy your tax obligations....Show more
Marcellus Yoshimori: You are are required to disclose back taxes in your loan application. If you have made arr! angements to make payments then these payments will be considered in the amount you are approved for. If you will have it paid off in less than a year then the amount may not be considered.
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