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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] 10 year rule... Posted by Ward-CA- on April 11, 2009 at 11:36 AM In Reply to: expiration of California FTB lien posted by Dond on April 10, 2009 at 9:25 AM Dond, Check with a title officer at your local title company for verification, but I'm fairly certain the FTB lien will go stale after 10 years, like most other involuntary liens. -------Ward =============== : I am looking at a property for which there are both a California Franchise Tax Board lien and an IRS lien. Both are substantial, and both are senior to the florclosing TD. : I know that, assuming I am the successful bidder at the Trustees Sale, I can try to negotiate a reduced amount to pay off on each of the remaining senior liens. Another possibility is to use the property as a rental and wait for each of the senior liens to expire. : The face of the IRS lien states that it expires in 2015, unless it is renewed before then. There is no such statement on the FTB lien. : Does anyone know whether FTB liens have an automatic expiration date? Follow Ups: Ward is correct CC in OC 11:18 PM, 04/11/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Dond, : Check with a title officer at your local title company for verification, but I'm fairly certain the FTB lien will go stale after 10 years, like most other involuntary liens. : : -------Ward : : =============== : : : I am looking at a property for which there are both a California Franchise Tax Board lien and an IRS lien. Both are substantial, and both are senior to the florclosing TD. : : I know that, assuming I am the successful bidder at the Trustees Sale, I can try to negotiate a reduced amount to pay off on each of the remaining senior liens. Another possibility is to use the property as a rental and wait for each of the senior liens to expire. : : The face of the IRS lien states that it expires in 2015, unless it is renewed before then. There is no such statement on the FTB lien. : : Does anyone know whether FTB liens have an automatic expiration date? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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