Is Refinancing or Selling Property Possible with an IRS Tax Lien in Place?

October 25, 2023
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Facing an IRS tax lien can be daunting, especially when considering crucial financial decisions like selling or refinancing a property. Understanding the intricacies of an IRS lien and seeking IRS help with taxes is essential. If you find yourself grappling with such IRS problems in Dallas, the Law Offices of Nick Nemeth is here to assist. As an experienced Dallas tax attorney, we focus solely on tax lien assistance, IRS lien withdrawal, and more. In this blog, we delve into the question: “Is Refinancing or Selling Property Possible with an IRS Tax Lien in Place?” Our aim is to provide clarity and solutions to those navigating the complexities of the IRS tax lien list and related challenges.

The effects of a tax lien on your property

When the IRS places a tax lien on your property, it becomes a legal claim against your assets. This means that your property may be used to satisfy your outstanding tax debt if you fail to resolve it. A tax lien is a public record which could make it challenging to secure loans or credit. This situation can create financial difficulties and limit your financial flexibility, causing emotional distress due to the uncertainty surrounding your property’s fate.

How to Refinance Property With an IRS Tax Lien

Taxpayers can refinance property with an IRS tax lien, but it’s a complex process that involves several steps:

Contact the IRS: Opening communication with the IRS is crucial. Discuss your outstanding tax debt and explore potential repayment options. Getting an experienced tax lien attorney to help is highly advisable to get a favorable outcome.
Work on Your Credit: Improving your credit score can make you a more attractive candidate for refinancing. Make timely payments on other debts and obligations.
Explore Lender Options: Some lenders may consider refinancing options if you can demonstrate a commitment to resolving your tax lien.
Consult with Our Tax Attorneys: Our team of tax attorneys focus solely on IRS problems. We can help negotiate lien withdrawals and propose solutions that meet IRS requirements.

How to Sell Property With an IRS Tax Lien

Selling property with an IRS tax lien is possible but involves specific steps:

Notify the IRS: Inform the IRS of your intention to sell the property. They will need to approve the sale and determine their interest in the proceeds.
Clear the Lien: Typically, if you are selling the property at a lower price than the mortgage amount, you can request the IRS to discharge the lien on the property to facilitate the sale. Our qualified tax attorneys can assist in negotiating lien withdrawal or discharge with the IRS, enabling you to proceed with the sale.
Settlement Agreement: You may need to negotiate a settlement with the IRS to satisfy the debt before the sale.

Our Dallas Tax Attorneys can Help

An IRS tax lien can be challenging, but it’s not insurmountable. With the right approach and the assistance of our seasoned team of lawyers at the Law Offices of Nick Nemeth, you can explore options for refinancing or selling your property while resolving your tax lien. Our professionals can negotiate with the IRS on your behalf, offer tailored advice, and ensure that your rights are protected throughout the process, alleviating the stress associated with IRS problems. For tax lien assistance, call (972) 484-0829 or fill out our contact form.

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Brent Vahle

19:13 02 May 24

I called to see if they could help reduce some penalties and fees. The person I spoke with told me it might be counterproductive for them to take my case since their feels would likely equal the amount of penalty/interest abatement. I decided to pass on moving forward but was so happy to hear a legal team, or any business for that matter, who has that much integrity. I feel most others would likely try to take my money anyway. I hope I never have to go through this again, but if I do, I will definitely use the Law Offices of Nick Nemeth!

Jason Winkle

18:44 02 May 24

Jaime Flores was very friendly, professional, and knowledgeable. She gave me some very valuable information which helped guide me with a plan of action. The free consultation is very much appreciated.

Matthew Swigart

12:14 02 May 24

Great attorney who was able to provide quick and useful advice. Although my situation did not warrant their services, they still took the time to discuss solutions I could explore. I highly recommend visiting this office!

Tony Pantoja

12:57 09 Apr 24

Very professional and very knowledgeable, Jamie Flores was very straight forward and professional, a firm that doesn’t just take your money, Thanks

Carla Atwal

10:52 02 Apr 24

Nick was wonderful in guiding me with direction on some tax questions I had. He was concise, and to the point, and was happy to provide general info to me at no charge. I truly appreciate him and would highly recommend him.

Miguel Alvarado

15:56 25 Mar 24

By far the best attorneys I have ever worked with. They’re are very helpful and supportive from day one. They went above and beyond to make sure all my documents were submitted on time and gave updates as soon as they received them. I cannot name a single flaw in their work. Their team of assistants are very professional and seem to all be on the same page. I’ve made multiple phone calls and sent a ton of emails to their staff and they were able to help me all through the course of the case. I cannot express my gratitude enough for how excellent they handled my case.

Lucy Foy

06:55 19 Jan 24

My first appointment I had with, Tax Attorney Nick Nemeth, gave me such a sense of relief. He listened and gave me his professional advice, Mr Nemeth took my case. I was well kept updated, by phone calls and letters. That really impressed me and gave me so much confidence in them. The case went on for a couple of months. The day I received the call from one of his team members Kyle, informing me that the case was resolved and that I owed absolutely nothing to the IRS, I was overwhelmed with joy. I would recommend this law firm to anyone that needs help, with any tax issue. Thank you, to the Law Firm of Attorney Nick Nemeth and his team.

Bradley Runyon

20:17 13 Jan 24

I received a tax bill in the mail from the IRS last year in 2023. The fees and penalties I owed were something I myself could not afford. I reached out to Nick Nemeth's firm and received the best experience you could imagine. The team was professional, educational, and fast. If you have a tax issue with the IRS using another firm other than Nick Nemeth's would be an error in judgment. I would recommend their services above others.

Sue Hulseman

19:55 11 Jan 24

Working with Nick Nemeth and his team to resolve my debt with the IRS was the best decision I could have made. I felt such relief knowing I didn’t have to deal with the IRS myself. They did a wonderful job and were responsive to my questions and kept me abreast of my case. My outcome was exactly what I was hoping for. I strongly recommend using them if you have an issue to resolve with the IRS.

R G

20:53 21 Dec 23

I had an incompetent tax preparer, who also ignored several notices from the IRS, which in the end resulted in a lien on my property. I did not know what to do and an attorney friend recommended that I contact the Nick Nemeth Law Offices. I met with Jamie Flores and Ivan Nalbantov in December 2021 for a free consultation, and right away was impressed by their thorough examination of my paperwork and extensive knowledge of IRS tax laws. I felt not pressured and appreciated their advice and in the end decided that I would pursue resolving the issue by myself. I paid the IRS Civil Penalty and, as recommended also submitted a letter to the IRS requesting a refund and explaining what happened. I am glad to report that my persistence finally paid off. My case took two years to resolve and I finally received a full abatement/refund check from the IRS in December 2023. I could not have done this without the straightforward recommendation of Jamie and Ivan; and I highly recommend the Nick Nemeth Law Offices to anyone needing help with the IRS.

Susan Wilson

03:27 25 Jan 23

I have been very pleased with the solid counsel and guidance that Nick Nemeth has provided me regarding my tax issue. I found him to be honest and straightforward which I appreciated. I was impressed with his relevant experience and knowledge . He has definitely brought me peace of mind during a difficult and stressful time.

Sarah Howard

03:44 14 Nov 22

I would like to thank Mr. Nick and his staff for the superb help that I received from them. My IRS problem was resolved quickly and efficiently. It took 2 visits to convince me that I was over my head. I thought that I could call the IRS, appeal my tax notices and settle on a payment plan on my own. After many phone calls to the IRS, waiting sometimes more than 4 hours with no resolution to speak of, it proved to be extremely difficult and stressful. Revisiting Mr. Nick was a huge wake up call. My account was reviewed, and a payment plan was established with the IRS within a week. I will be forever grateful to the staff who worked on my case and especially to Lorna who listened to me vent while going through this painful process.

M W

00:33 07 Aug 22

I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.

Spoilly Girl

23:49 03 Aug 22

The Nemeth Law team is exceptional. They treat their clients like a family member who is in crisis. They want you to get the best possible outcome. I really appreciate everything that they did for me. Jake and Ashley had the greatest role in my case and it all turned out for the best for me. Thank you Nick and team for easing my fears and getting me through the long process. I'm truly grateful.

Eddie Walt

19:44 12 Jul 22

During a time in which competent, professional service at a fair price seems to have disappeared, Mr. Nemeth and his team are a refreshing breath of fresh air.From my first phone call to the final settlement of our case with a non-responsive IRS, they under-promised, over-delivered and were in constant courteous contact to make sure we knew exactly what was happening and where we stood.I hope to never need their services again, but, should I receive another friendly letter from the IRS...I know who to call!

The effects of a tax lien on your property

How to Refinance Property With an IRS Tax Lien

How to Sell Property With an IRS Tax Lien

Our Dallas Tax Attorneys can Help

What Our Clients Have to Say

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