IRS Real Property Auction?

[Madeline Burkholder]

Hi everyone! I am a real estate agent in the twin cities area of MN. I got a call today from a revenue officer with the IRS asking if I’d be interested in being a guaranteed bidder for a foreclosed property that the IRS has redemption rights to, due to a federal tax lien. Does anyone have any experience with these types of sales/auctions? The bid would start at $150k for a property that I am guessing would retail at $330k or more... so I am tempted! But I don’t have any experience with this type of sale. Would love any input!