N S
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Short sale with IRS Lien

Started this discussion. Last reply by N S Jul 20, 2014. 6 Replies

Hello,We are buyers in a short sale. The property has three liens on it - two from the bank (SPS is the lien holder) and one from the IRS.Recently SPS released the two liens until June 15, 2014. The…Continue

 

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Latest Activity

N S replied to Steve Truman's discussion IRS Lien release about to expire - any way for an extension?
"Steve...just curious how your case ended? Does the IRS give extensions?"
Jul 21, 2014
N S added a discussion to the group SPS Select Portfolio Servicing, inc
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Escalation to SPS

Hello everyone,We are buyers in a SS which has two liens with SPS and one with the IRS. After waiting forever, we finally got approval from the IRS but it's only valid through JULY 31.SPS had originally issued a release on their two liens but they expired while we were waiting for the IRS. Now the seller has filed for an extension with SPS but things seem to be moving really slowly (they say it's in underwriting and they'll give us an answer in 48 hrs but nothing) ...considering we are close to…See More
Jul 20, 2014
N S replied to N S's discussion Short sale with IRS Lien
"Hello all, I wanted to ask a follow-up question here. We did finally get the IRS lien lifted but now we are waiting on the bank to grant extensions on both their liens.  Unfortunately the IRS approval we were told was granted only on July 9…"
Jul 20, 2014
N S commented on Mayra Espinosa CDPE, HAFA, SFR's group SPS Select Portfolio Servicing, inc
"How is SPS in granting extensions? We have an approval from SPS but the IRS lien is taking a bit longer...anybody see any potential problems getting SPS to approve an extension?"
Jun 4, 2014
N S joined Mayra Espinosa CDPE, HAFA, SFR's group
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SPS Select Portfolio Servicing, inc

For Short Sale - OverviewHomeowners interested in pursuing a short sale, can call 888-818-6032 to speak with a Loan Servicing RepresentativesTo speak to a Loan Servicing Representative to Help you with answers to your questions regarding the status or history of your account call please call 888-818-6032Representatives are available Monday through Thursday from 8:00 AM to 11:00 PM, Eastern Time.Friday from 8:00…See More
Jun 4, 2014
N S replied to N S's discussion Short sale with IRS Lien
"Thank you. Is there any reason to believe SPS would deny us an extension? I mean has anybody in this community seen instances where lenders have denied extensions on short sales?"
Jun 4, 2014
N S replied to N S's discussion Short sale with IRS Lien
"Thanks for the reply Brian. What is a partial lien release? Keeping my fingers crossed."
Jun 3, 2014
N S replied to Jeanine Whitehead's discussion Tax lien - need permission to allow the short sale
"Jeanie, I was curious how this ended? How long did the IRS lien approval take? I am in the same boat."
Jun 3, 2014
N S replied to ALLAN ARTHUR's discussion Loan servicer changed in the middle of our short sale Chase to Select Portfolio Servicing
"We had a similar situation where we had approvals from BoFA and while waiting for IRS approvals - they sold to SPS.  Unfortunately SPS did not honor the previous approval. Instead they went through their own process, did their own appraisal…"
Jun 3, 2014
N S posted a discussion

Short sale with IRS Lien

Hello,We are buyers in a short sale. The property has three liens on it - two from the bank (SPS is the lien holder) and one from the IRS.Recently SPS released the two liens until June 15, 2014. The seller's agent has filed paperwork with the IRS to get that lien lifted but today they were told that it would take another 3 weeks (it's already been two weeks) for the application to be reviewed. This means we'd have to go back to SPS to get an extension on the 2 initial liens.My questions about…See More
Jun 3, 2014
N S is now a member of Short Sale Superstars
Apr 15, 2014

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First Name
Nick
Last Name
S
Are you a...
Buyer
State
Tx
City
Dallas

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