Comments for Tax Lien Certificates Investing http://taxesandliens.com/blog Tax Liens: Buy, Sell, Invest in Tax Lien Certificates Fri, 30 Jul 2010 21:36:57 +0000 hourly 1 http://wordpress.org/?v=3.0 Comment on How long does the government give you to pay your debt if they have put a lien on your house before they sell? by kelly101 http://taxesandliens.com/blog/how-long-does-the-government-give-you-to-pay-your-debt-if-they-have-put-a-lien-on-your-house-before-they-sell/comment-page-1#comment-1843 kelly101 Fri, 30 Jul 2010 21:36:57 +0000 #comment-1843 first off i am no attorney!!! it would help to know where you are... but i will assume you are in the usa. in the usa it can also depend on the lien and location (state)... but for the most part a lien from the government is just that they wont force you to sell just wait for you to sell or die and then get their money back. if its a tax lien they will sell it in a tax foreclosure sale, usually takes up to 3 years of paid tax but varies from state to state... first off i am no attorney!!!

it would help to know where you are…

but i will assume you are in the usa. in the usa it can also depend on the lien and location (state)… but for the most part a lien from the government is just that they wont force you to sell just wait for you to sell or die and then get their money back. if its a tax lien they will sell it in a tax foreclosure sale, usually takes up to 3 years of paid tax but varies from state to state…

]]> Comment on Can you buy a house with a bank lien on it? by godged http://taxesandliens.com/blog/can-you-buy-a-house-with-a-bank-lien-on-it/comment-page-1#comment-1835 godged Fri, 30 Jul 2010 08:25:16 +0000 #comment-1835 Well, the owners are not carrying the financing, they have a lien against it. So if the owners default, you are out with no recourse. You won't receive an original deed, the lender has it. The title is not in your name, and will not be unless the lendees pay it off and then sign it over to you, which should not happen unless a contract is recorded. Sounds as though you have a great set up for a ton of problems. Good luck. Well, the owners are not carrying the financing, they have a lien against it. So if the owners default, you are out with no recourse.

You won’t receive an original deed, the lender has it.

The title is not in your name, and will not be unless the lendees pay it off and then sign it over to you, which should not happen unless a contract is recorded.

Sounds as though you have a great set up for a ton of problems. Good luck.

]]> Comment on Can you buy a house with a bank lien on it? by Mr Placid http://taxesandliens.com/blog/can-you-buy-a-house-with-a-bank-lien-on-it/comment-page-1#comment-1834 Mr Placid Fri, 30 Jul 2010 08:25:16 +0000 #comment-1834 There's nothing illegal about that. Now, that being said, conveying a property that has a lien MAY place the grantor in breach of contract, or breach of warranty. It all depends on what was specified in your purchase contract, and what was specified in the deed. There’s nothing illegal about that.

Now, that being said, conveying a property that has a lien MAY place the grantor in breach of contract, or breach of warranty. It all depends on what was specified in your purchase contract, and what was specified in the deed.

]]> Comment on Can you buy a house with a bank lien on it? by overnightdeejay http://taxesandliens.com/blog/can-you-buy-a-house-with-a-bank-lien-on-it/comment-page-1#comment-1833 overnightdeejay Fri, 30 Jul 2010 08:25:16 +0000 #comment-1833 what happened when you di the title search on the house? You did do a title search, right? you would have found this problem before close... In their defense, they may not have realized the bank lien was there, That is why you always do a title search as a condition of sale.. what happened when you di the title search on the house?

You did do a title search, right?

you would have found this problem before close… In their defense, they may not have realized the bank lien was there,

That is why you always do a title search as a condition of sale..

]]> Comment on Can you buy a house with a bank lien on it? by dog ma http://taxesandliens.com/blog/can-you-buy-a-house-with-a-bank-lien-on-it/comment-page-1#comment-1832 dog ma Fri, 30 Jul 2010 08:25:16 +0000 #comment-1832 If the title is still in their name, you have not bought the house. Most existing mortgages have a "due on sale" clause, which means that if the title changes hands, the loan must be paid in full. Please contact a title company or a real estate attorney for help in this. The "seller", who is still the owner of the property, has misled you in some fashion - perhaps not deliberately. Have your transaction professionally handled through a title company or an attorney, whichever is used is your state. If the title is still in their name, you have not bought the house. Most existing mortgages have a "due on sale" clause, which means that if the title changes hands, the loan must be paid in full. Please contact a title company or a real estate attorney for help in this. The "seller", who is still the owner of the property, has misled you in some fashion – perhaps not deliberately. Have your transaction professionally handled through a title company or an attorney, whichever is used is your state.

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