IRS Speeds Lien Relief for Homeowners Trying to Refinance, Sell

 

The IRS last week announced an expedited process that will make it easier for financially distressed homeowners to avoid having a federal tax lien block refinancing of mortgages or the sale of a home. Taxpayers or their representatives, such as their lenders, may request that the IRS make a tax lien secondary to the lien by the lending institution that is refinancing or restructuring a loan. Taxpayers or their representatives may request that the IRS discharge its claim if the home is being sold for less than the amount of the mortgage lien under certain circumstances. Currently, there are more than 1 million federal tax liens outstanding tied to both real and personal property.This will  help  us  all.

Follow  this  link for details           

http://www.irs.gov/newsroom/article/0,,id=201343,00.html