…So, I wanted to touch on it again here to remind you that it is possible to get a mortgage if you owe the IRS back taxes.
Here is what it takes…
1) If you owe the IRS back taxes you have to take the initiative and make a payment plan with the IRS right away.
Generally, if you make a payment plan right away with them they won’t file a lien against you.
If you wait and do nothing with your balance owed to the IRS – then the IRS will place a tax lien against you and at this point you won’t be able to get a mortgage.
Once a public record lien shows up on your credit – you will have to pay off the entire amount and settle the lien before you can get a mortgage.
2) If you have a history of making payments on your IRS back taxes for 12 months without any late payments then you can get a mortgage with me (assuming you qualify otherwise).
The underwriter will treat this payment as he/she would with any other installment loan. (such as a car payment)
If you are in this situation – give me a call and I can most likely help you out!
That’s it for today!
Brett
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