Adalberto Luciano Rivera

Good afternoon Facebook friends: I am regularly contacted or approached by people from the public who know me as inquire about veteran (VA) loans. Subsequently, I thought about the idea of sharing most of these questions with the Facebook community in the hope it may provide some useful help for those seeking to obtain a VA loan. I tried to make the material understandably easy, but must warn you, it's quite broad. These are some of the most relevant questions. Veteran Loans...Continue reading

PUBLIC NOTICES Fair Housing Regulation: https://www.nysar.com//LEG_Fair_Housing_Regulations_FINAL.... New York Fair Housing Notice: https://www.nysar.com//20/06/LEG_FairHousingNotice_new.pdf Tenant Bill of Rights: https://www.hud.gov/states/new_york/renting/tenantrights

FACTS ABOUT TAX LIENS ON PROPERTIES By Adalberto Luciano Rivera Licensed Tax Professional What is a lien? ... A lien is non-possessory security interest on a piece of property. In more or less cases, the holder has the legal right to sell the property in order to recuperate the debt or foreclose on you. Some common types of liens found on properties: 1. Tax Lien 2. Mechanic’s lien 3. Mortgage lien 4. Municipal lien Our topic subject for today are tax liens. Here are some relative important facts to be consider: 1. Internal Revenue Service IRS) liens expire after ten (10) years. 2. Title insurance companies can also answer questions regarding property liens. 3. A property with a lien cannot be sold until lien is paid in full. 4. If the owner of the property is deceased, it will be difficult to get a deal with IRS. 5. Most of the time that IRS realizes a property owner died, they enforce and seized and go after the heirs. 6. The owner or heirs can try to negotiate with IRS to reduce the lien, but if the property has sufficient equity, it will result difficult to get a deal. 7. An alternative way to buy a property with an IRS lien is to buy the tax lien note on the property and afterward foreclosure on the property.

Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security. Russell Sage

Happy and Warmth Holiday Greetings to All My Facebook Friends!