Tax Liens

Is it possible to purchase/finance a home with a tax lien on me? My ex- is supposed to be taking care of the lien according to divorce papers but has not happened yet and may not for a really long time.

If it is possible, how badly will I be raped on the interest rates and penalties?

S.
Vancouver
Washington

Answer [1]:

Hello S.,

There are plenty of programs available for you even with tax liens. If the divorce papers state your ex-husband is responsible you will not have to worry about them. The main factor will be how much the tax lien has affected your credit score. Most likely you will have to be qualified from one of our sub-prime lenders. I would be happy to talk to you about your situation if you would like to call me. Also, you can find out more about poor credit loans on my website at: http://www.ushomeandloan.com.

By the way, you will not be charged excessive fee's for having poor credit!

Regards,

Dan Hasselman
President
U.S. Home and Loan, Inc
Tel: (877) 814-7010
Fax: (877) 814-7011

Answer [2]:

This depends. The two scenario's that could take place are these:

1. The new mortgage company will ask for a copy of your divorce decree and as long as the decree clearly states that this lien is to be handled by the ex-spouse then you should be able to obtain a mortgage based on your merits.

2. The new mortgage company will ask for a copy of your divorce decree and it will not state who is responsible for the taxes and the new mortgage company will make you pay off the lien before you can purchase a home.

Again your rate you will be quoted will be based on your credit application.

Bryan Bubnick