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7/25/2014
LOW FICO FHA
7/21/2014
Erase Your IRS Tax Lien
Many Americans are struggling with getting back on their feet after the downturn, you know the Third Great Depression. Here is a tip that doesn't cost anything, but can greatly improve your credit and FICO score
The IRS will withdraw a federal tax lien after it has been released.
What?
You can clean up
your credit and raise your FICO score by filing Form 12277
You do not need an attorney. You can file this yourself! You will have to follow up.
Form here: http://www.irs.gov/pub/irs-pdf/f12277.pdf/
This greatly
benefits taxpayers who pay the tax they owe after the IRS has filed a Notice of
Federal Tax Lien (NFTL) against them. Taxpayers who could not pay taxes due
after notice and demand during this past economic downturn end up with a lien arising in favor of the United States upon all the property and
rights to property of the taxpayer.
Unless the IRS
“perfects” this lien by recording a NFTL in the public records, other creditors
of the taxpayer, such as purchasers and holders of security interests, may
obtain priority over the IRS. A NFTL adversely affects a taxpayer’s credit
rating. Depending on the size of the paid lien and date paid it can reduce FICO
scores by eighty to two hundred points. This more often harms taxpayers who own
small businesses. Small business owners struggle the most with
the IRS, the State and regulatory agencies.
Taxpayer enters into an installment agreement to satisfy the liability for which the lien was imposed.
Withdrawal will facilitate the collection of the tax liability.
With the consent of the taxpayer or the National Taxpayer Advocate, the withdrawal of the NFTL would be in the best interests of the taxpayer and the United States. The difference between a released or withdrawn NFTL is vital because of the way credit reporting agencies show withdrawals verses releases. Releases remain and lower FICO score, withdrawals disappear…erased from your credit history!
the IRS, the State and regulatory agencies.
The program is called Fresh Start. There are terms and conditions to qualify. It takes 45 days minimum to complete and see your FICO score pop up.
You must have paid and they released the lien, and you filed
subsequent.
The IRS must release a tax lien, by issuing a certificate of release of lien, not
later than 30 days after the underlying liability is fully satisfied through
full payment of the tax, or is legally unenforceable (e.g., the statute of
limitations for collecting the tax has expired). The IRS also has the
authority, under certain circumstances, to withdraw a NFTL. If a NFTL is
withdrawn, the tax laws shall be applied as if the NFTL had not been filed.
The circumstances that permit withdrawal are any
one of the following:
Filing of the NFTL was premature or otherwise
not in accordance with the IRS's administrative procedures. Taxpayer enters into an installment agreement to satisfy the liability for which the lien was imposed.
Withdrawal will facilitate the collection of the tax liability.
With the consent of the taxpayer or the National Taxpayer Advocate, the withdrawal of the NFTL would be in the best interests of the taxpayer and the United States. The difference between a released or withdrawn NFTL is vital because of the way credit reporting agencies show withdrawals verses releases. Releases remain and lower FICO score, withdrawals disappear…erased from your credit history!
When a credit reporting agency receives a notice of the withdrawal of a NFTL, they delete any reference to the tax lien in the taxpayer's credit history. In contrast, when the credit reporting agencies receive a release of a lien, while they note the filing of the release in the taxpayer's credit history, the filing of the release does not operate to remove the references to the tax lien from the taxpayer's credit history.
In fact, typically a released NFTL remains noted in the
taxpayer's credit history for seven
years from the date of the release. (Credit reporting agencies are required
to remove references to released tax liens after seven years under the Fair
Credit Reporting Act.) -
File the form - follow the directions - poof magic it is ERASED in about 45 days.
http://eaglehomemortgage.com/carolinegerardo/
In California and you received a notice from your
County that they are increasing your property taxes?
You may only have weeks to file an appeal. Don't be hoping Howard Jarvis is going to assist you - you must file
7/18/2014
Curb appeal
Curbside appeal Laguna Beach
Another home in the tract that used riverstone, picket fence and clapboard siding.
The classic car is terrific!
Arizona flagstone driveway entrance- The topiaries are well maintained. Geraniums in grey pots, lovely concrete fountain and teak bench now weathered to a silver tone.
Hardscaping of bricks laid in herringbone patter, stones with light fixtures and simple privet hedge and grass is "nice" |
Another home in the tract that used riverstone, picket fence and clapboard siding.
The classic car is terrific!
This house used stone veneer over stucco and concrete. This is not artificial veneer,
it is real.
Brick laid walk at curb adds a nice clean pattern to the curb.
Note the flag - hanging an American flag during daytime adds
a welcome appearance. Flags also add some color and movement
to the front entrance.
Arizona flagstone driveway entrance- The topiaries are well maintained. Geraniums in grey pots, lovely concrete fountain and teak bench now weathered to a silver tone.
Terrific use of traditional brick entry. Arching trellis over the gate has bower vine.
The vines continue to grow up above rain gutters and another pole trellis. The
used brick on the house is painted to tie in the whole. I love the white and light
naples yellow.
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