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Sellers and Realtors did you know that Uncle Sam can impede a Closing on your Property?

Posted on Jul 20, 2010 by in Active Rain | 0 comments

 Sellers and Realtors did you know that Uncle Sam can impede a Closing on your Property? As we all know, we are living in turbulent economic times and the Federal Government needs, wants and will take your Money. So much, that if you are one of the taxpayer’s who have failed to pay your income tax, then the Federal Government will put a lien on all your assets.

Recorded Federal Tax Liens (IRS) attach to all assets of the taxpayer’s properties existing and “future” i.e.: what that person might acquire. Usually you can find these judgments and other type of liens in Schedule B of a Preliminary Title Report. These types of liens are also found through name searches, General Index searches that will show what the taxpayer owns.

The Federal Tax Liens have such far reaching effects, that even if a beneficiary of a property trying to foreclose on a property will be encumbered by a Federal Tax Lien. Needless to say what that means is that the Federal Government may impede a successful sale i.e.: closing on a property.

 If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at  or visit one of my websites at  Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.  

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