• 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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What Our Clients Have to Say

Susan WilsonSusan 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 HowardSarah 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.
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 GirlSpoilly 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 WaltEddie 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!
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