IRS Helps Los Angeles Homeowners With Tax Subordination
Monday, December 29, 2008
Los Angeles homeowners will have an find it easier to refinance or sell their homes with the help of the IRS. Federal tax liens for owners of 'distressed properties' will be subordinated to help speed up the process - basically moving them down the line so the primary mortgage holder can take precedence. Otherwise, such liens could block the process of refinancing or restructuring a loan. Read the enitre story.
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