Every year, thousands of people get behind on their taxes and feel they can't refinance or purchase a home.. Some people miss a big payment or two and never get caught up, some don't file for a few years and then suddenly realize that they owe money to the IRS.  Others get blindsided by massive penalty and interest assessments or are forced to miss a payment in order to make payroll when business slows down.  No matter what the reason - there is a solution.

    425.com Mortgage Online has several options to possibly relieve you of your tax lien problem. The solutions are all real estate related- you must own real estate for our solution to work.   We may be able to lend money as a secured loan using your residential real estate (residence or rental) as collateral.

    Lien subordination may enable taxpayers to secure financing for the purpose of making a payment towards their federal tax liability. A federal tax lien gives the government a secured interest in any property that is subject to the lien. Because of this secured interest, potential lenders are not willing to loan money to a taxpayer with a tax lien unless they can obtain a security interest superior to that of IRS liens. By subordinating the lien, the IRS allows a lender to take a superior interest ahead of any IRS claims on value of the property. In return IRS may require that it receive all proceeds in excess of sales costs and amounts due to lien holders who are senior to the Service (your mortgage holder etc...), up to the amount of taxes owed.  While there is no specific IRS Form for Subordination or discharge of a Federal Tax Lien, the process is very specific.  As long as the IRS is receiving the full proceeds (other than closing costs) from the sale or refinance of a property, the Service will likely grant a subordination.  If you have a lien on your property and you need to refinance, we can obtain a Lien Subordination from the IRS to allow you to close on your mortgage. This may allow you to refinance at a low interest rate saving you money each month.

    This procedure is sometimes difficult to achieve without help from a professional. The first thing that needs to be done is for us to get a lender approval to finance your loan and work on any issues regarding your credit report.  Once we have financing lined up for you, we will need to supply the IRS with some necessary information on your property and pending loan. Once this information is supplied to the correct department within the IRS, your subordination will be granted. The normal processing time for subordination may be as long as 30 to 60 days.  When there is danger of losing the loan, the IRS may expedite the certificate.
  IRS Link

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