Just bought a foreclosure with IRS leins

[Danielle Scott]

I just purchased a foreclosure home a few days ago with quite a bit of IRS tax leins against it. The taxes owed are more than I paid for the house at the auction, which I don't know if that's common with IRS leins. I know that I have to wait 120 days for their redemption period to expire, but I wanted to see if there was any way to speed this process up? I saw the form OBD 225 Application for Release of Right of Redemption in Respect of Federal Tax Liens. Has anyone filed these papers? If so, how long does it take to get an answer and what was the result? I am a novice, but it would seem to me like the IRS is so busy with so many other issues that they will most likely let the 120 days lapse without redemption, whether they forget about it or it's just not worth the trouble to them. This could be totally off, but wouldn't sending in this form just remind them of the fact that there is a quite a bit of money owed on it and they need to do something about it? It seems as if sending in this form or notifying them otherwise will just guarantee that you will have to pay them something when you could just wait the 120 days and they will more than likely just not do anything about it. After the 120 days have lapsed do they notify you that they're not going to claim the property? Or do you just know that when the 120 passes they aren't going to claim it?