ANYONE KNOW OF A COMPANY THATS GIVES THESE TYPES OF LOANS? SO FAR NO LUCK : (
2007-03-06 10:19:00 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom
Companies aren't going to lend you money unless they are reasonably confident you can and will pay them back. If you find a lender while you have a tax lien, you'll probably pay a very high interest rate. For the most part, they won't give you a mortgage, because if you don't pay the tax lien, your house could be seized and the lender wouldn't be able to recoup what they lent you.
2007-03-06 10:25:22 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
Depending on how large the lien is, get a mortgage that includes the amount of the lien and have the lien paid off as part of your closing. If the value of your property will not support this, then you are out of luck until you can pay the lien off some other way.
2007-03-06 12:37:20 · answer #2 · answered by drubin333 1 · 1⤊ 0⤋
Unfortunately, you are going to have to pay it if you want to get a mortgage. No bank/broker is going to lend you money to buy a house when you already have a tax lien. Basically with a tax lien, the IRS can come into your bank accounts and take the money out or if they can't get the money out of your account, sometimes they will take your assets (cars, homes, etc). I hate to dash your hopes and dreams but this is the reality of owing the government money.
2007-03-06 10:47:46 · answer #3 · answered by Fool in the Rain 6 · 0⤊ 0⤋
Why not pay the lein? It would make it easier.
The Syko Ward
2007-03-06 10:23:10 · answer #4 · answered by The Syko Ward 5 · 1⤊ 0⤋