Wow- if, after seeing all the record shattering dismal statistics out there lately hasn’t convinced you that our world is changing, get a load of this- The IRS has decided to be HELPFUL to homeowners: [Hat tip L!]
WASHINGTON – The Internal Revenue Service said Tuesday it will try to make it easier for homeowners in financial straits to refinance or sell their homes.
The plan announced by IRS Commissioner Doug Shulman would speed up a process where financially distressed homeowners may request that a federal tax lien be made secondary to liens by the lending institution that is refinancing or restructuring a loan.
Taxpayers will also be able to ask the IRS to discharge, or remove, its claim to a property in certain circumstances where the property is being sold for less than the amount of the mortgage lien.
"We need to ensure that we balance our responsibility to enforce the law with the economic realities facing many American citizens today," Shulman said, stressing that "we don’t want the IRS to be a barrier to people saving or selling their homes."
Our admin thought that perhaps someone was exerting political pressure on the IRS. I thought perhaps the IRS was getting stuck with houses they didn’t really want and are having to dispose of them. Whatever it is, this is WIERD. I had a friend who wasn’t able to sell her home for nearly two years fighting to get a lien that shouldn’t have been put on the property lifted. I always assumed the IRS mission statement was "How can we stick it to them today?"
L’s comment:
Now I’ve seen it all. I have to go now and prepare for the end of the world. This has to signal the beginning of the Apocalypse!
When things like this happen how much worse can it get………………..?
I don’t know, but I think I’ll go help L get ready.
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If I were the IRS, I would take the house and slap a starting bid of the lien amount on them and shove it out the door. outside of places like detroit, people should be willing to bid on these houses. so my vote is that the IRS suddenly grew a heart.
or, the IRS admins have no intention of getting more money for the treasuries because it’s hard work.
i deal with the IRS on a daily basis. they really aren’t that bad and most people would be suprised at how willing the IRS is to work with the taxpayer. the problem is that most people in trouble would rather stick their head in the sand. now i’m sure there have been improper liens filed……but i’ve dealt with countless liens and levys and EVERY TIME it was the taxpayer that did something (or didn’t do something they should’ve done) that caused the lien. it’s nice though, for those tax evaders, that can now possibly sell or refi their house. and don’t think that it is a coincidence when you find a guy that’s in oever his head…..needs to short sell or modify…..and when you look into it……whadda ya know?!?! he has a tax lien too. go figure. maybe the IRS should take it one step further and wipe everyone’s slate clean while those people are in the process of their housing bailout. why not just give them the house AND forgive their tax liability. oh wait…..i thought they were using taxpayer money for all of these “plans.” i guess that’s only from people who “choose” to pay their taxes. vicious circle if ya ask me.
The IRS is just being smart…
It costs them waaaay more to go after people who have defaulted and they will get waaaay less after a default.
A vampire gets more blood from a live victim than it does a dead one!