by: Anthony Parent
Yesterday, a customer asked us if there have been a scenario by which a Federal Tax Lien concern would ever be more than a mortgage that is existing. We thought it was a great opportunity to discuss federal tax liens and how they work in relation to previously recorded liens and mortgages while we believed that as a matter of public policy that the Federal Tax Lien priority never would.
1. How Exactly Does Federal Tax Lien Priority Work?
A concern lien, after fees and home fees, are liens which have вЂpriority under federal lawвЂ™, such as for example mortgages along with other asset that is secured.
Maybe it doesn’t assist much, so think about liens a a deck of cards. The Ace could be the greatest. That could be very first home loan.