Tax Lien

[oceans]

What makes a tax lien show up? I read it will stay for 10 years if reported. My stupid bill is for $67 of personal property tax (not a native here and not used to paying this dang bill). So even if CA agrees to delete or not report (it wasn't on there a month ago), county can add TL, correct? They applied my state refund in March but it wasn't on CR at end of May. They're gonna do what they're gonna do, I know... just curious. Guess it's a good thing I'm not house shopping for a couple of years until I leave VA.

[will35010]

What makes a tax lien show up? I read it will stay for 10 years if reported. My stupid bill is for $67 of personal property tax (not a native here and not used to paying this dang bill). So even if CA agrees to delete or not report (it wasn't on there a month ago), county can add TL, correct? They applied my state refund in March but it wasn't on CR at end of May. They're gonna do what they're gonna do, I know... just curious. Guess it's a good thing I'm not house shopping for a couple of years until I leave VA.

According to FCRA § 605(a)(3), Paid tax liens which, from date of payment, antedate the report by more than seven years.

In other words, it can only stay on for seven years past your last payment.

[will35010]

From my understanding most CRA's get tax lien info from here:

Below is the address and Phone number to Innovis. Please be aware they will give you a hard time in trying to get your report. But you must demand it under your rights of the FCRA.

Innovis

PO Box 219297

Houston, TX 77218-9297

800 540 2505

I would fight them first, before the big CRA's.

[Ahntara]

*feeling overly verbose this morning*

Bare with me..

The Public Records of certain legal actions are allowed to appear on your CR per the FCRA 1681c, Subsection 605 (my favorite section, the one with RP limits, exceptions and the formula for an absolute start date for RP). You know about PR's, having been married. Both your marriage license & your divorce were probably listed in some local paper. The CRA's, or their trolls, can find other PR's the same way as the publisher - by visiting the courthouse or (frequently today) looking it up online. Public Records, being PUBLIC, are open to viewing by anyone.

Prior to computerization, employees of the CRA's used to visit courthouse locations themselves. As outsourcing became the norm in American business, the gathering of PR's was typically performed by independent contractors who sell/sold them to Innovis, LexisNexis, Hogan and any other 'secondary' CRA's. These companies then sell the records to big 3. As will35010 alluded, many consumers find it helpful to dispute the PR in these databases prior to tackling a dispute with EX, EQ or TU.

In the old days, prior to everyone being computerized, the chances of a PR getting picked from an obscure county recorders office was small. In this century, even most small, poor county's/parrish's have a website. It's just not the random occurrence it used to be.

IMO, more important than understanding where your PR comes from, or knowing the chances of it actually showing up, is understanding it's implications once it's ON your CR. PR's are especially damaging to scores. ANY Public Record, even if it's resolved, causes a larger drop in score for the same 'infraction'. For instance, a consumer with no PR's will experience a 1-4 point drop for an inquiry. A consumer with a PR showing may experience between 7-12 point for the same type of pull. If you'll look at your CR's you'll notice that PR's have their own section on the report.

The REASON that certain PR's were included in CR's in the first place is because of their impact on land ownership. Since Europeans imigrated to this continent, title to land has been a huge issue. It's why our country is divided up into big & little squares and why a clear title is such a big part of a real estate transactions. You can look around your own community and see many buildings sitting vacant for decades. Lots of them are empty simply because their titles are clouded (from liens due to unpaid debts/taxes).

So the chances your small lien will show up eventually is, unfortunately, quite high. Since the RP doesn't begin to expire until payment, you might as well pay as soon as you can. Hope for the best, but obtain and keep handy a copy of a the disposition. Be aware that paying off a lien is not a disposition. You MUST obtain a Release of Lien. Be sure to have it recorded in the same jurisdiction as the original lien and get a Certified Copy for your records. (You can provide photocopies of the Certified Copy to anyone needing one in the future) Keep the Release with your important papers for the life of the lien, which may exceed it's appearance on your CR by many years.

*dang, I should be working on that book this morning*

[oceans]

*feeling overly verbose this morning*

Bare with me..

The Public Records of certain legal actions are allowed to appear on your CR per the FCRA 1681c, Subsection 605 (my favorite section, the one with RP limits, exceptions and the formula for an absolute start date for RP). You know about PR's, having been married. Both your marriage license & your divorce were probably listed in some local paper. The CRA's, or their trolls, can find other PR's the same way as the publisher - by visiting the courthouse or (frequently today) looking it up online. Public Records, being PUBLIC, are open to viewing by anyone.

Prior to computerization, employees of the CRA's used to visit courthouse locations themselves. As outsourcing became the norm in American business, the gathering of PR's was typically performed by independent contractors who sell/sold them to Innovis, LexisNexis, Hogan and any other 'secondary' CRA's. These companies then sell the records to big 3. As will35010 alluded, many consumers find it helpful to dispute the PR in these databases prior to tackling a dispute with EX, EQ or TU.

In the old days, prior to everyone being computerized, the chances of a PR getting picked from an obscure county recorders office was small. In this century, even most small, poor county's/parrish's have a website. It's just not the random occurrence it used to be.

IMO, more important than understanding where your PR comes from, or knowing the chances of it actually showing up, is understanding it's implications once it's ON your CR. PR's are especially damaging to scores. ANY Public Record, even if it's resolved, causes a larger drop in score for the same 'infraction'. For instance, a consumer with no PR's will experience a 1-4 point drop for an inquiry. A consumer with a PR showing may experience between 7-12 point for the same type of pull. If you'll look at your CR's you'll notice that PR's have their own section on the report.

The REASON that certain PR's were included in CR's in the first place is because of their impact on land ownership. Since Europeans imigrated to this continent, title to land has been a huge issue. It's why our country is divided up into big & little squares and why a clear title is such a big part of a real estate transactions. You can look around your own community and see many buildings sitting vacant for decades. Lots of them are empty simply because their titles are clouded (from liens due to unpaid debts/taxes).

So the chances your small lien will show up eventually is, unfortunately, quite high. Since the RP doesn't begin to expire until payment, you might as well pay as soon as you can. Hope for the best, but obtain and keep handy a copy of a the disposition. Be aware that paying off a lien is not a disposition. You MUST obtain a Release of Lien. Be sure to have it recorded in the same jurisdiction as the original lien and get a Certified Copy for your records. (You can provide photocopies of the Certified Copy to anyone needing one in the future) Keep the Release with your important papers for the life of the lien, which may exceed it's appearance on your CR by many years.

*dang, I should be working on that book this morning*

WOW... thanks for the background info. I had no clue about ANY of it. How do I find out if there is a PR or lien? Do I have to order / pay for all of my CRs again (just got them @ the end of May)? Dang, dang, dayum, SHINEola!!!!

[Ahntara]

Only some Public Records are allowed to appear on your CR. Thank goodness, or else that section would go on forever. Those should all eventually appear on your CR. But to be certain, you can do an online search in the counties in which you've had residence.