I just found a great source to Lift Federal Tax Liens on Short Sales.  As many of you know, the IRS will give a "Conditional Commitment for a Certificate of Discharge" if they deem the lien is unenforceable because of a lack of value in the property. 

This is something Sellers can negotiate on their own, but getting through the red tape of the IRS, who is typically a hostile collection party, isn't that appealing to most Sellers.  Additionally, without a good understanding of proper filing procedures and knowing where to submit the information, Sellers can exacerbate the turn time on this filing.

For the same reasons you'd have a cpa or tax service file your income taxes, many Sellers, Title Companies, and Real Estate Agents refer this business to Professionals to handle this for them.  Be careful not just anyone can negotiate on a client's behalf with the IRS.  According to our sources at the IRS, this is a huge problem in Real Estate.  Many times Agents and Short Sale Specialists are filling out this information on the Seller's behalf without being an "Enrolled Agent" with the IRS.  From our understanding, Only Enrolled Agents, CPA's, and Attorneys are allowed to act as a third party to represent others in these transactions. 

This source is not only an Enrolled Agent, but also has done these transactions for years and has the contacts to cut through the red tape that so frequently cumber government bureaucracies.  Many times liens can be lifted inside of two weeks to accomodate a closing.

If you have a situation like this, give us a call and we would be happy to point you in the right direction.

www.mysocierge.com

303-434-7171

sking@mysocierge.com

 

 

Shawn King

Boise Premier Real Estate

www.IDownHome.com

208-991-0303

shawnking@boise-premier.com

 

3 Comments on Lifting Federal Tax Liens on Short Sales

JUL
29
2011

Wow, great advice!  I pdf printed this one for my files! 
1:00pm • #1
Attended Rain Camp

Thanks Liz!
2:12pm • #2
Attended Rain Camp

This post just went NUMBER ONE on GOOGLE!!!! THANKS ACTIVE RAIN!!!!
2:24pm • #3


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Shawn King Boise, Eagle, Meridian Real Estate

Star, ID

More about me…

Boise Premier Real Estate

Address: Realtor in Ada County, Realtor serving Star, Eagle, Meridian, Star, ID, 83669

Office Phone: (208) 991-0303

Cell Phone: (208) 991-0303

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Real Estate Ramblings of a former lead generation and social media trainer. I figured it out, so I turned into an agent.


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