Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Man levels house to keep bank from getting it.

temple5 · 02-18-2010, 06:33 PM

Alot more than that I think - 1 mil house value in Calgary.

Especially with a property like that.

One thing I was thinking, if he owed the bank $160K and the IRS had leins on the property, could the bank accept only $170K if the home was appraised at $350K - wouldnt the IRS have a problem with that.

Is it even legal to sell a property that has leins on it?

02-18-2010, 06:33 PM	#17
temple5 Crash and Bang Winger Join Date: Jan 2008 Exp:	Alot more than that I think - 1 mil house value in Calgary. Especially with a property like that. One thing I was thinking, if he owed the bank $160K and the IRS had leins on the property, could the bank accept only $170K if the home was appraised at $350K - wouldnt the IRS have a problem with that. Is it even legal to sell a property that has leins on it? Last edited by temple5; 02-18-2010 at 06:39 PM.