Mortgage Loans

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Reply
Topic Options
Frequent Contributor
phumanr
Posts: 326
Registered: ‎05-29-2007

Federal and State Liens

Options

‎05-21-2012 07:49 PM

Hi All,

 

I have paid off a Federal and State tax lien. I will need to show zero in order to qualify for a mortgage. Can I go directly to the state and the IRS and have them fax me a release of these liens? Or is there another process I have to take?

 

Thanks,

Phumanr

Message 1 of 2 (149 Views)
 
Reply
Frequent Contributor
LondonMassey
Posts: 441
Registered: ‎01-03-2012

Re: Federal and State Liens

[ Edited ]
Options

‎05-21-2012 08:09 PM - edited ‎05-21-2012 08:10 PM

The IRS mailed me a release of lien for mine.  We don't pay state taxes in Nevada, so I am unsure of that.  Are you currently under contract or looking to purchase soon?  Your credit reports should update in the next 30 days with a release of lien on them. I do believe you can contact them, at least the IRS, and request the information be sent to you.

Cap1(sc) 550, Cap1 500, Walmart 350, Home Depot 1500, Amazon 700, US Bank 1500, Childrens Place 450, JC Penney 200, Old Navy 250, PayPal 600

Starting Score: EQ 614 EX 653 TU 680 Lender Pull 2/6/12
Current Score: EQ 665(Dealer Pull) EX 687(Dealer pull) TU 695 (Dealer pull)
Goal Score: Closed on my new home, 9/27/12, $51,950 left to pay!! Got my car!! $6300 left to pay!

Take the FICO Fitness Challenge
Message 2 of 2 (145 Views)
 
Reply

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+