Archive

Posts Tagged ‘second mortgage’

FHA Loans and Tax Liens

December 15th, 2008

Tax liens may remain unpaid provided the mortgage company subordinates the tax lien to the FHA insured home loan. If any regular payments are made, they must be included in the qualifying ratios.  Since the IRS routinely takes a second mortgage position without the necessity of independent documentation, eligibility for FHA mortgage insurance will not be jeopardized by outstanding IRS tax liens remaining on the property unless the FHA mortgage lender has information that the IRS has demanded a 1st mortgage position.  Read the complete article >Tax Lien Issues with FHA Mortgage Loans.

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