Sometimes the IRS will allow for a Subordination of the Lien. In this procedure, the IRS Lien is made secondary (that is, Subordinate) to the interest of another creditor so that the taxpayer can acquire some form of private financing with which to repay the debt. Lien Subordination can be beneficial to a taxpayer who owns a house and wants to get a home equity loan to pay off their tax debt. The IRS will allow the Subordination as long as the proceeds of the loan are paid to the IRS up to the value of the Tax Lien - or if they can reasonably expect that doing so will increase the amount that they would eventually collect.
This procedure, though it is quite common, is sometimes difficult to achieve without help from a professional. So call us today, we can temporarily lift the lien and allow you to refinance or sell.
Let Premier Tax Resolutions let us SETTLE your tax debt now and remove your Tax Lien, fill out the form and an experienced Tax Resolution Consultant will contact you for a FREE, confidential consultation or call us now toll free at 1.800.554.0146.
There is no obligation, so what are you waiting for, settle your tax debt today!
