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Refinancing

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IRS Encourages Refinance, Sale of Homes Encumbered by Tax Liens 

Dec 17, 2008By

The Internal Revenue Service was the latest to jump on the homeowner aid bandwagon Tuesday with its announcement it would “make it easier for financially distressed homeowners” to avoid having mortgage refinancing or home sales blocked by a federal tax lien. The new process will allow taxpayers, or a representative like a lender, to request that the IRS make its lien secondary to any existing one owned by the lender that is refinancing or restructuring the mortgage.