Is this gold or fools gold? - Posted by Chelle

Posted by Chelle on May 19, 2000 at 24:50:02:

I ran into a person who’s house is going into foreclosure. He does not have the money to catch up on payments. He owes only 38,000 on a house worth $160,000. The problem is he has tax liens against him. That is the reason he can not refinance. Does this prevent him from selling his home. He has 2 IRS tax liens of 84,000 and 60,000. He occured his first problems with taxes when he was going onto disability. Is this gold mine actually just fools gold?