Does a dual agent have to disclose an IRS tax lien on the sellers property to the purchaser?

Susansym
Home Buyer
Haverhill, MA

Answers (3)
Ken Lambert
Mortgage Broker
or Lender

Portsmouth, NH

Hi Susan- Also, unless the seller specifically discloses to the agent/ broker that there is a tax lien on the property, the realtor would not really find out about this on their own. This gets found out by the title search, etc- via the Buyer's lender.
I'm not sure about semantics on this- if the seller disclosed to the agent, then does the agent need to disclose to the buyer?? Dont' know about that...
If you need any further help with something, please let me know. Thanks, and good luck,

Ken L.

Mon Nov 2 2009, 08:37
Patty Williams
Agent
Cincinnati, OH

The buyer has no need to know about the IRS lien. This might be what gets a dual agent in to trouble. Yhe lien will have to be paid at or before closing, as the previous answer indicated.

Sat Oct 31 2009, 09:10
Susan Costa
Broker
Westport, MA
FIRST ANSWER

No - but the tax lien will need to be settled at or prior to closing.

Dual agent does not share information between parties.

can I help?

Sat Oct 31 2009, 08:54

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