Release IRS Lien

There are a several options to satisfy the tax lien. Normally, if you have equity in your property, the tax lien is paid (in part or in whole depending on the equity) out of the sales proceeds at the time of closing. If the home is being sold for less than the lien amount, then the taxpayer can request the IRS to discharge the lien to allow for the completion of the sale. Taxpayers or lenders can also ask that a federal tax lien be made secondary to the lending institution's lien to allow for the refinancing or restructuring of a mortgage. The IRS is currently working on speed requests for discharge or mortgage restructuring to assist taxpayers during this economic downturn.

Again, for this reason, it is critically important that you present a well-arranged and well-documented application package. At IRS Debt Repair our experts at prepare application packages that look extremely professional and carefully planned.