Legal Question in Real Estate Law in Illinois
Is a contract sale of a home legal if their is a tax lein on the house at the time of signing?
Asked on 9/21/11, 11:15 am
2 Answers from Attorneys
Naheed Amdani
Law Offices of Naheed A. Amdani, P.C.
Yes, a seller can sign a contract with a tax lien on the property. However, unless the buyer has agreed to buy the property subject to the tax lien, the seller will not be able to close until they clear up the lien.
Answered on 9/21/11, 12:03 pm
Thomas Moens
Moens Law Offices, Chartered
Absolutely. The lien can be paid out of the seller's proceeds at the time of closing.
Answered on 9/21/11, 12:45 pm
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