You’ve done it! After months of saving, searching, and paperwork, you’ve found the house of your dreams. But as you proceed with the deal, you got a nasty surprise: the current owners didn’t pay their property taxes for several years, resulting in the IRS putting a lien on the house. You are in love with the property but don’t know what to do about the lien, and your realtor is advising you to walk away.
If you’re facing this stressful situation, you should understand what a tax lien is, what it takes to get rid of one, and what to do next. Keep reading to learn more.