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Updated over 8 years ago on . Most recent reply
Due diligence - income tax lien
Hello Note community
I am doing some initial due diligence on a deal and discovered that a borrower has a state income tax lien against their personal property of $11K. Has anyone had experience with this? If I were to buy this note and have to foreclose, should I assume that I would be liable for the income tax lien or does that stay with the borrower?
Thanks!