Quick Question about State Tax Lien

[BlackEagle1]

Hi - quick question. I have an old tax lien from the State of MD. Will this lien prevent me from closing on an FHA loan? Thanks

[NC_Mtg_Loaner]

More than likely yes it will.

I would recommend getting it paid if you plan on buying a home.  Just remember also that once the lien is satisfied, it will be your responsibility to ensure the Bureaus no longer report it as owed.

[BlackEagle1]

It's not reporting on my credit report; will that make a difference? Is this the same as a Federal lien where a payment plan needs to be in place?

[Mortgage-Specialist]

There are various areas that this lien can show up. If they do see it, it will have to be paid in full or a payment plan must be in place in which you'd have to make 3 consecutive payments (over 3 months) I have seen it where the lien didnt show up anywhere.