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Updated over 4 years ago,
Buying tax delinquent property but IRS is seizing profits
I have found a property which will be going to tax auction soon and made contact with a relative of the person on the tax roll. The original owner is deceased and according to the relative the IRS is seizing any money from sales on any of the deceased properties.
My question is do they still have any motivation to sell? Would my money on top of paying off the defaulted property tax help with their overall tax burden?
Also, can I get this relative a finder’s fee or something similar to put me in contact with the current owner if I do indeed buy the property?
If I buy the property will I be responsible for any of the deceased’s IRS debt?
Bonus: If there’s an entire RE portfolio associated with the deceased and it is valued at more than the deceased’s IRS debt, should they sell off everything they can?
Lots of questions, but any info will help. Thanks!