Month: January 2015
MD: Fed Tax Lien subordinate to Mortgage Filed Thereafter
A debtor owed federal taxes and the IRS issued a notice and demand for payment in December, 2004. Even though IRS had not yet recorded its tax lien, the effect of the notice was to give IRS a super-priority lien on all the debtor's property upon issuance of the notice and ... Read More
How the ‘Drummer Boy’ Decision May Affect Us Locally
The D.C. Court of Appeals recently ruled that the super-priority status given to six months’ worth of condominium liens under D.C. Code sec. 42-1903.13 can wipe out all other liens on the condo unit, including a first-position mortgage, but that Court has not yet determined whether the six months ... Read More