Have a tax lien and want to refinance your house? Learn how!

Michelle Divan, EA
Michelle Divan, EA

Hi – Michelle Divan here.  I represent taxpayers in Denver, CO – and nationwide – who cannot pay their taxes or have back tax debt.  Each month I grab a topic that is germane to taxpayers that have debt or issues with the IRS.  Last month I focused on Notice of Deficiency letters – the dreaded 90-day letter, and you can see my historic bloc posts here.  This month I am focusing my attention and education on people who have tax liens and how to deal with them.

Last week I talked about how to handle tax liens if you want to sell your property. What if you you don’t want to sell your home and you want to refinance to take advantage of the low Interest rates? This is another issue I can help with. The IRS has the lien in your property to protect its interest In the debt.  If you show the IRS that their collection position will be improved, the IRS will allow you to refinance. And why not? It benefits both them and you.

If you are able to do a cash-out refinance, you can assign a full or partial amount of that cash to pay your debt to the IRS.  If you are refinancing to lower your payments, you will be able to show the IRS that you can now make large payments to them to satisfy the debt.

There is a process to handle this scenario and I can help you through that process.

Are you or someone you know in this situation – or have an outstanding tax issues that you want solved?  Contact me today and let’s get working on this.  I can be reached at 303-250-0122 or [email protected]