Archive for the ‘California Franchise Tax Board’ Category

We Can Get Your Short Sale Closed, Even When You Have A Tax Lien

Wednesday, May 30th, 2012

Hello I am Mike Rigley, your certified default advocate, distressed property expert and short sale specialist for the Northern California area. Welcome to our video blog; as default advocates and short sale specialists we want homeowners to know all of their options. Whether you’re behind on your mortgage, possibly facing foreclosure or just owe more than what your home is worth, we’re here to assist you even if you do not reside in the Northern California area.

Today I got a call from a distressed homeowner. He tried to do a short sale, but the short sale was not approved because he owed $35,000 to the California Franchise Tax Board. Let me explain. The short sale was approved by the lender and investor, but the tax lien had to be removed from title before the escrow could close. His previous real estate agent saw the tax lien and advised him the short sale could not be done. This couldn’t be further from the truth. Both the California Franchise Tax Board and the IRS understand the significance of doing a short sale on this distressed home; as long as there’s a lien on this home, this won’t happen. On more than one occasion, we have successfully had the IRS and the California Franchise Tax Board release the lien so we could get the short sale completed. However, the tax lien just doesn’t go away. The homeowner is still liable for unpaid taxes, but at least we were able to short sell his home and keep him from having to deal with foreclosure.

If you have questions about your specific situation, please contact me to set up your own free, confidential consultation. Rigley Real Estate Group can give you the resources and knowledge that you desire to avoid foreclosure and successfully short sell your property in the Northern California area. I anticipate hearing from you.

For more information on short sales and how to avoid foreclosure, or you can also and get started today.

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