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Brainstorm I need help.
I am working on a short sale for about a year with Chase and purchases price is very close to the current market's value. But the house as a lien and until the lien is satisfied the deal will not be approved. It is a tax lien about $10,000. My clients are not willing to go any further up on the price. Otherwise this transaction is dead. What can I do to close the deal by the date the bank as given me to close 1/20/2012.
-- I need so of your ideas. Thank you. brainstorm
Replies to This Discussion
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Permalink Reply by Joseph C. Alfe on -
did you include it on the original HUD to Chase?
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Permalink Reply by Ruben Ortega, NRBA, CDPE, RDCPro on -
Is the tax lien being negotiated?
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Permalink Reply by Fajardo Delacruz on -
we are trying to see if IRS can help. will keep ever body up to date.
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Permalink Reply by Linda Spears on -
Have Seller complete IRS form 14135. Must be absolutely completed with appraisal, prelim, etc as stated on form. Submit and turnaround time is about 2 weeks. If you can prove that there is no money left to give to the IRS then they generally do a "lien release" on the property.
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Permalink Reply by CARLOS SOARES on -
Delacruz
Are you working with the seller or with the buyer? If you are working with the seller are you handing the short sale? Or someone is handing for you? when you submitted the short package did you register the seller to the HAFA PROGRAM if you did, did he qualify to HAFA PROGRAM if the seller is qualified for HAFA PROGRAM you should request him to sign an addendum to pay the $10,000 tax lien.
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Permalink Reply by Byron Guillermo on -
Everything can be work out if discovered ahead of time. See this video
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