2006-09-26 23:02:56 · 4 answers · asked by kuwaitrick 1 in Business & Finance ➔ Personal Finance
no you can not refi if you have a lien on your house
2006-09-26 23:05:43 · answer #1 · answered by gerry22122 4 · 0⤊ 0⤋
It may be possible if the refinance will provide you with any extra cash. Do you have enough equity built up in the house to cover the payoff of your existing mortgage plus the amount of the tax lien? You would need the cooperation of the bank and the IRS to make sure that the funds are sent directly to the IRS and that the IRS files to remove the lien when the mortgage closes.
Otherwise, no chance at all. Talk to your bank and see what can be worked out.
2006-09-27 00:06:10 · answer #2 · answered by troythom 4 · 0⤊ 0⤋
yes, you can refinance your house, but the lien need to be payed before or on the closing. the tax lien will never go away and sooner or later you have to pay this.
2006-09-28 12:29:31 · answer #3 · answered by bianca 4 · 0⤊ 0⤋
Yes, but the lien will be paid off in the process.
2006-09-27 15:12:12 · answer #4 · answered by jassy 3 · 0⤊ 0⤋