Tax Lein

This is a discussion on Tax Lein within the Other Real Estate Law Matters forum, part of the REAL ESTATE & PROPERTY LAW category; Currently there is a tax lien on my home. I am in the process of buying another home, but was ...

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Old Oct 7th, 2007, 10:17 AM   #1
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Confused Tax Lein

Currently there is a tax lien on my home. I am in the process of buying another home, but was told by the "lender", that I must pay the lien "prior to closing or at closing." I now wish to pay this lien "prior to closing."
When I stated this, the "lender" stated "adamately" that I should not. That it would be paid at closing. I was asked to bring to the closing a "payout" from the IRS. My position is this, why am I being subjected to paying all this interest, when I can just pay it now. My assumption is that they are going to roll it into to my original loan amount, and then pay it themselves. I don't that that to happen. Is this legal? Can they force me to wait?
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Old Oct 9th, 2007, 11:47 AM   #2
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Default Re: Tax Lein

They cannot force you to do so. But might complicate your closing. Perhaps also discuss with another lender.
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