Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago,

User Stats

25
Posts
1
Votes
Damien Shoemake
  • Investor, Realtor & GC
  • Nashville, TN
1
Votes |
25
Posts

Anyone have experience buying a house at auction with a Federal Restitution Lien?

Damien Shoemake
  • Investor, Realtor & GC
  • Nashville, TN
Posted

In researching some up-coming auctions, I came across a house with a lien entitled: 

Notice of Lien for Fine and/or Restitution Pursuant to the Anti-Terrorism and Effective Death Penalty Act of 1996”

Here's a link to the Code: Title 18, US Code, Sec 3613(c)

This lien is fairly recent but the senior lien is the one foreclosing. And in researching this type of lien, it appears that it stays for 20 years… so the question is, does foreclosure wipe out this type of lien or does it have a redemption period like an IRS Fed Tax Lien or does it have some kind of special treatment?

The Restitution Lien posted is far greater than the value of the home, but I’m just curious about the process as this deal may be worth it if this lien can be wiped!

Loading replies...