Get information about a federal tax lien, including how to get rid of a lien, how a lien affects you and how to avoid a lien. The optional method allows you to deduct the mortgage interest and state and local real property taxes reported on Form 1098, Mortgage Interest Statement.This form is furnished to give you a statement of actual settlement costs. Make a payment on your Wintrust Mortgage online, learn how to request your payoff quote, and send your mortgage payoff. An offer in compromise allows you to settle your tax debt for less than the full amount you owe. The IRS collection process is an increasingly serious step of collection measures designed to get people in compliance and make sure they stay in compliance. Yes, paying off a contract for deed is an eligible loan purpose as long as the borrower is not on title. Payoff or paydown of debt solely to qualify must be carefully evaluated and considered in the overall loan analysis. Otherwise, taxpayers can request an installment payment plan.