IRS Lien

Anyone know of any wholesale lenders that will lend to a borrower with a huge tax lien where they are current in making installment payments? I have one lender afraid the IRS would seize the property once they became a home owner. Everything else about the file qualifies. 20% Down. 680 mid score.
Thanks, Steve
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May 10 2011 - US
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Holy schnikes, is that dollars?  Freemont would do it but that's a non starter.
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May 10 2011
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IRS always wins.  I wouldn't touch this with a 10 foot pole, or even a 10 meter pole.
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May 10 2011
As my five year old would say, OMG.  The lien is for a million and they are paying via social security check deductions.  Are they paying like $400 a month on the million?

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May 10 2011
Clay,
I failed to mention they are trying to buy a home. Also, the lien is 1 million and are paying via social security check deductions. Im not sure that the info in the link would apply in this case. Its not a lien on any property, just a lien on the credit report.
Steve
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May 10 2011
http://www.irs.gov/newsroom/article/0,,id=201343,00.html
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May 10 2011
Thanks Jay. I even receieved and email from tax attorney stating the IRS wouldn't touch them after becoming a homeowner. May just need to pass on this deal.

Steve
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May 10 2011
Steve,

I don't know of any that would lend right now with a small lien that is being repaid.  I could be wrong, but I believe if the IRS attaches a lien to the property it will be given first position and would in your case probably push the ltv over 100%.

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May 10 2011
 
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