Franchise Tax Board Lien Short Sale

When processing short sales you may run into an Franchise Tax Board (FTB) lien on title. You should try to get authorized with theFTB right away. An authorization or FTB authorization is required for the FTB to speak to you. It’s very important to know that the Franchise Tax Board lien must be addressed post approvals being received from all lien holders. In order for the FTB to review a potential discharge of the lien they will require documentation such as all lien holder approvals,  a Purchase Agreement and an Est. HUD-1. An appraisal typically will be required by the FTB as well to determine if they have equity. Timing is everything as all needed items should be mailed to the FTB as soon as all other lien holder approvals are received. More often than not we have been able to get FTB liens discharged to allow a short sale to go through with no pay off required. Be aware that FTB liens may lead to a transaction falling apart if the individual processing the short sale is not experienced in this matter.

For assistance in a short sale or settling and having an Franchise Tax Board lien released from your property please fill out the form below.

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