Winifredlackie
2008-02-21 20:55
Does anyone know if you can buy or pay into federal tax liens and acquire a property if the federal tax lien trumps the city/town lien?
Does anyone know if you can buy or pay into federal tax liens and acquire a property if the federal tax lien trumps the city/town lien?
depending on the type of lien, but taxes for example are sr. to the tax lien.
Had a very interesting chat w/ an "oldtimer" IRS guy about guaranteed bids (when the the property was foreclosed subject to the IRSs redemption right).
The reason they need guaranteed bids, is that the pool for exercising redemption rights NATIONWIDE is about 8M so they have to know the money if coming back into the kitty.