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Sheriff Sale Federal Tax Lien
Expired
Thread created 02-25-2012 by discostu58
0 Score 5 Replies 2,324 Views
Post #47990498 added 02-25-2012 1:12 PM by discostu58 in Archived Deals
Looking at buying a house at sheriff sale, however, the county recorder shows a federal tax lien. The current home-owner owes roughly 300K more than the house was appraised at just on the mortgage,...
Sheriff Sale Federal Tax Lien
Expired
Thread created 02-25-2012 by discostu58
0 Score 5 Replies 2,324 Views
Post #48005458 added 02-26-2012 10:07 AM by Brian1 in Archived Deals
First and foremost, you should get your final definitive answer from a real estate attorney. With that said, I'd wait until after the sale when it goes into REO where the liens are typically wiped...
Sheriff Sale Federal Tax Lien
Expired
Thread created 02-25-2012 by discostu58
0 Score 5 Replies 2,324 Views
Post #48011500 added 02-26-2012 3:44 PM by PiratesSayARRR in Archived Deals
The point is still the same since there is still a lien on the property weather it be a short sale or a foreclosure. (If the proceeds don't cover the loan and the debt owed to the IRS it still needs...
Sheriff Sale Federal Tax Lien
Expired
Thread created 02-25-2012 by discostu58
0 Score 5 Replies 2,324 Views
Post #48002080 added 02-26-2012 6:21 AM by discostu58 in Archived Deals
well you don't do the financing AT the sale, you purchase the property then have 30 days to pay it off/obtain financing. Thanks for the link, but its not quite the same situation since that is for...
Sheriff Sale Federal Tax Lien
Expired
Thread created 02-25-2012 by discostu58
0 Score 5 Replies 2,324 Views
Post #47991672 added 02-25-2012 2:29 PM by PiratesSayARRR in Archived Deals
I didn't know you could do financing at a sheriff's sale. Found this:...
Sheriff Sale Federal Tax Lien
Expired
Thread created 02-25-2012 by discostu58
0 Score 5 Replies 2,324 Views
Post #48002794 added 02-26-2012 7:17 AM by randallF in Archived Deals
I would suggest finding out who holds the lien and then calling to ask them your question.

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