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Form 12277 California Alameda: What You Should Know

In most cases, this is true, but you have two options when it comes to  creditors.  Release the Liens : If you decide to release the property lien yourself, you must provide a complete and accurate filing date. You can also provide a statement of credit balance or current loan amounts for each item in the lien. This will  help the creditor's attorney understand the value of the property and determine if it can be sold. Do it on your own: The second option is to use the release form. It only has a limited role: it merely allows creditors to see if you  ever filed an application to remove the tax lien before, and the only information they would have to know is: · If you filed an application. · The name(s) of the person(s) filing. · The name of the tax lien. If the lien remains in effect, the lien will attach. The purpose of filing form 1872 is to get the IRS to release the tax lien. The purpose of Form 1872 is to  avoid and/or reduce the collection and administration costs of the lien. If you agree with the value of the property, the  process is pretty straightforward: Fill out Form 1872 (or Form 12277 or other appropriate form) and mail it  to: C.B. & B. Mortgage Bank of Southern California P.N. 511 S. La Mesa Street, Suite C-300, San Diego, CA 92107 The creditor you receive the lien from will mail you a check for the lien amount along  with instructions on where to pick up the check. After paying your installment, the lien should be removed from  your credit report, and you will avoid the high transaction fees to the creditor.

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