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Updated almost 8 years ago,

User Stats

73
Posts
24
Votes
Marc M.
  • Architect
  • Santa Monica, CA
24
Votes |
73
Posts

Michigan Sheriff's Sale - IRS Liens

Marc M.
  • Architect
  • Santa Monica, CA
Posted

Hell BP,

Has anyone had any experience purchasing a property on the courthouse steps in Michigan that has an IRS lien on it? I've been reading a lot threads on here that sounds like the IRS lien is wiped 4-months after the auction, but I just want to confirm that is the case for Michigan. Also, what procedures (if any) are necessary to release the lien after the sale? Is the public notice of the foreclosure considered adequate 'notice' to the IRS? If I buy this property, do I just wait it out 4 months for the lien to sunset while waiting 6-months for the redemption period to pass too?

I'm looking at property going up for auction for $183K that is worth $230K and has a $60K IRS lien. 

Best,
marc

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