Uncle Sam Gives a Break to Distressed Home Owners
Because of the foreclosure crisis, the Internal Revenue Services have decided to give some relief to home owners that are facing foreclosure to make it easier and possible to refinance or sell their primary residences. The Internal Revenue Service is now expediting the “subordination” process for federal tax liens, now what this means is basically allowing the new mortgage holder to be in first position and the tax lien would move to second position.
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