Foreclosures
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
Federal Lien Removal process
I plan to bid on a property in a NJ (judicial sale) sheriff's auction that has a Federal Lien attached for IRS 1040 taxes. This lien is junior to the foreclosing mortgagor, and will be wiped out. The Government was correctly notified as a party in the original foreclosure complaint.
I understand there is a 120 redemption period for the Feds from the sale date. I have scoured the 'net and not found anything (even on IRS site) as to the process for getting a formal Discharge of the Lien from the feds after the redemption period.
There has to be some way to Discharge that could be Recorded; otherwise, during a title search the Fed Lien would still show up and prevent me from selling the house.
Has anyone done this before who could opine on the details?
cheers