Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 over 9 years ago on . Most recent reply

User Stats

14
Posts
4
Votes
Jida D
  • Watertown, MA
4
Votes |
14
Posts

IRS lean on foreclosed house - IRS not notified.

Jida D
  • Watertown, MA
Posted

I put a bid on a foreclosed property and purchased it 4 months ago. What I found post purchase was an IRS tax lien on the property for $22 000. After doing further research, I found out that the IRS had not been notified and given consent, so the tax lien is still there.

The question: What are my options hereon to remove the tax lien?

Most Popular Reply

User Stats

13,451
Posts
8,349
Votes
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,349
Votes |
13,451
Posts
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

When the IRS has not been properly served notice of an impending foreclosure auction, the IRS lien survives the foreclosure. As @Ned Carey pointed out, this is a matter to be handled by the title insurance company IF there was title insurance AND the IRS lien was not listed as an exception in the title policy. 

If no title insurance coverage, you get to pay the IRS ... whether they will take less is doubtful since they are probably in first position now. 

Loading replies...