Selling Your House With a Tax Lien in NJ – Here’s What You Need To Know

When selling your home with a property or federal Tax Lien, both buyer and seller may face a fair share of fear and confusion. 

Here’s what you should know:

  1. If there is a property or federal Tax Lien on your home, you may use the sales proceeds from a qualified buyer,  to pay off the Tax Lien at the time of closing
  2. If your home is being sold for less than the Tax Lien amount, you the taxpayer, can request the IRS to discharge the lien to allow for the completion of the sale
  3. Both taxpayers and lenders can ask that a  property or federal Tax Lien already applied to your home, be made secondary to the lending institution’s lien, to allow for the refinancing or restructuring of your mortgage
  4. The IRS is currently working to speed up requests for discharge or mortgage restructuring to assist taxpayers with their Tax Liens

Are you struggling financially because of a Tax Lien on your home?

Are you unable to sell your house in New Jersey because you cannot afford to pay off or restructure your Tax Lien? We’d love to help; contact us today for an offer, with a quick closing.

(973) 528-1890