All Forum Posts by: Lillian Shi

Anyone buying property in Essex county, Nj? Recently buying occupied property from auction.com To close the deal, I need to get the CO certificate from the township, but can’t get access the property, communicated with the town ,they say there is no way to get any CO without them to do the inspection. And bank told me if they can’t get the Co certificate, they can’t close, they need to cancel the sale. Anyone has similar experience ? Please advice !!

@Simon W. what is your suggestion ? 

I need a good CPA or accountant to help me manager my tax . 

Hello, I'm looking for a CPA that specializes in Real Estate. Does anyone have any referrals that they can share? Thx !

Christian Bors I bought it from sheriff sale, the prelim title search showed there is a payroll tax lien recorded one month earlier than the mortgage note. There's why I have the question. The mortgage has been assigned many times since then.

Christian Bors It is bank own

Just got the prelim title search for a property, the owner has a recorded federal tax lien on early June 2007, that lien is attached to his property, around $110k and he obtain a mortgage by refinance his property( property is previous paid off), the mortgage is signed by the End of Jun 2007, recorded by early July 2007. The house worth close to 1 mil. And the loan that issue is $570K. My question is , how can the lender issue mortgage while there is a big tax lien attached on the property? someone told me it could be possible, because that 's right on the peak of bubble. I did some research say, there is something call " certificate of subordination of federal tax lien", once the lender obtains this, the mortgage company get the senior position of the liens and they will issue the loan. I want to know how to find out the truth.

Doug Beck Hi Goug, like to know more about your title company, I am NJ real estate investor.

Particularly need someone who experience in foreclosure property. Thx ahead!!

If the property has both mortgage lien and the federal tax lien, will it follow the " first in time, first in line" rule? Currently is the mortgage lender foreclose on the property, just like to make sure the federal tax lien will go away because the recording date is behind the mortgages. Any good lawyer know this things, referral will be greatly appreciated.