By definition, a Notice of Federal Tax Lien (NFTL) is a document filed in state recording offices to make a tax liability public and to protect IRS priority in the debt against other creditors of the taxpayer. The NFTL is the instrument used to make a tax lien public. By statute, a Federal Tax Lien ...
Filing a lien can be frustrating, time consuming, and cost you a lot of money but it may be your only option if you have been through all other measures. The option to file a lien can become complicated and an attorney may be your best option to get the work done as quickly and ...
Tax liens are placed on property when the owner of the property fails to pay their local taxes on the property. When this occurs, the property becomes held by the local government, preventing the owner from selling or otherwise transferring ownership of the property to anyone. The only way for a person to regain ownership ...
With the popularity of shows such as “Property Ladder” and “Flip This House” people have begun flipping houses for fun and for profit. Unfortunately, even in real estate the old adage holds true. You still have to spend money to make money. However, no one said the money you spend has to be yours. There ...
A warranty deed is used when real estate titles transfer to a new owner. The deed guarantees the title is clean and that there are no creditor judgments or tax liens attached which could interfere with the property transfer. Two types of warranty deeds are used to transfer property and include General Warranty Deed or ...
Wouldn’t it be great to know more about a property before you buy it? A real estate title search is simply a process of researching the ownership of your property. It is used to determine if that title has passed legally and accurately throughout the years, up to the current owner. Knowing how to do ...
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Karla News