State Tax Lien Catch-22. Thoughts?

Tips and Deals Forums Home Mortgage State Tax Lien Catch-22. Thoughts?

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years, 1 month ago.

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    Anonymous

    We have a state tax lien showing released from 07. It’s a mistake. We didn’t owe any taxes from 07. We weren’t even living in the state that filed the lien. I now have a letter from the state that says as much. We didn’t owe any taxes, the lien wasn’t just released it never shold have been filed.* I already disputed and it was verified since the lien IS in the registry.
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    I plan on contacting the CRA’s with a letter laying out my circumstances as well as the letter signed from the state revenue service.
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    Here is my ?. We are in the middle of the mortgage process. We were*3 points over where we needed to be for our middle score and we lost 4 points for the hard inquiry…so I need another point back. This tax lien is my “ace in the hole”. Other than two REALLY old CO accounts (one is a zero balance and one is 1200 bucks but set to fall of in 5 months),* removing this lien is the guarantee I’ll get at least one point back.
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    They DO NOT repull credit if we close within 90 days. We made an offer on a short sale and the time frame might be close (it was approved at the list price which is what we offered) Our late July closing gives us about a 14 day time frame to go past before the 90 days where we’d have to repull.
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    I’m assuming that the CRA is going to take this as a “dispute” and I understand we cannot have any open disputes. If i initiate this process THIS week, will it be done by the time we are set to close in late July?
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    I really want this item OFF of our reports since it’s NOT legitimate, but I don’t want to jeaopardize our mortgage. My broker is on vacation and I am going to email him Tuesday, but I want to get this started ASAP, so it can be finished ASAP.
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    Thoughts?

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