Tax Liens…Are We OK With Them?

If you are trying to improve your life — whether it’s getting into the house of your dreams, getting into real estate, or making an investment of any nature — never take no for an answer. More often than not, the person you spoke to said no because they didn’t have an answer or didn’t want to put in the work to get you what you want. And it happens all the time.

I normally like to talk about a specific deal or experience each week, but I have come across this specific scenario on multiple occasions this past month. Each situation was a bit different, yet deals with the same question — what are my options if I owe the IRS money?
From a lending perspective, there are a few different ways tax liens can be handled. If a lender is telling you that your tax liens need to be paid to get a mortgage, call a different lender. I am not saying IRS tax liens never have to be paid.

You need to know there are programs that allow them to be outstanding if you have payment plans in place.

Every program is different, but just because you owe the IRS money doesn’t mean you can’t get financing. This isn’t the place to get into specifics, there are too many rabbit holes we can go down when trying to explain each possible scenario. Just remember, in most cases paying off the liability is the last option. If you want to know what options your specific tax situation allows you, I’m here to help.

It doesn’t matter how many times someone else has told you no – you have options. Most lenders simply aren’t willing to put in the time and effort required to get you approved. But I pride myself on turning that no into a yes because everyone deserves to turn their dreams into reality.