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Updated over 2 years ago on . Most recent reply

User Stats

68
Posts
45
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John Ringgold
  • Real Estate Agent
  • Topeka Kansas
45
Votes |
68
Posts

Removing a federal tax lien that was part of an inheritance?

John Ringgold
  • Real Estate Agent
  • Topeka Kansas
Posted

I have a seller that would love to sell a couple properties valued at about $70k each.  Looking at the title work, when her brother passed away and deeded the houses to her, about $500k in IRS tax liens were attached to the properties.

I understand the best way to remove the liens would be to pay the IRS back the money owed, however I'd appreciate any tips, ideas or advice that the seller may be able to use to remove these beyond paying off the amount that is well about the value of the properties.

Any ideas beyond just holding the properties forever?

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Team Ringgold @ KW One Legacy Partners
4.8 stars
98 Reviews

Most Popular Reply

User Stats

3,467
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3,417
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Tom Gimer
  • DMV
3,417
Votes |
3,467
Posts
Tom Gimer
  • DMV
Replied

FTLs expire... 10 years + 1 day. Sounds like the client may have to run out the clock.

  • Tom Gimer
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Eastern Title & Settlement
4.9 stars
13 Reviews

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