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12-07-2018, 09:05 AM #1
Real Estate Loans With Existing IRS Fed Tax Liens on Title
I have a client who paid the IRS off in full using Treasury bonds, not realizing that those aren't an acceptable method to pay the IRS.
Now, they want to close on 2 deals, but the title comes back dirty due to the liens.
I have lenders who will overlook the liens, but then give problems with the property values now. It's really a pain in the ass.
You know any TRUE, DON'T-GIVE-A-DAMN hard money lenders out there, who won't also rape when it comes to lender points?
I just need 12-15% interest-only, take the appraisals as they are, re-assign themselves as mortgagees on the insurance, and get us to the damn closing table early next week.
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12-07-2018, 06:03 PM #2
Reputation points: 16709
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
Location and type of property?
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12-08-2018, 10:14 AM #3
I Could assist , but the liens would have to be cleared by proceeds of the loan, What state?
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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