Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago,

User Stats

1
Posts
0
Votes
T Porter
  • Lawrence, KS
0
Votes |
1
Posts

Need Help With Right of Redemption

T Porter
  • Lawrence, KS
Posted
I recently purchased a homeowner's redemption rights on a property in foreclosure. There is an IRS lien on the property that is junior to the mortgage. The sheriff's sale is going to occur in the next month and then I have 90 days to redeem on the property. The issue is that the IRS has a 120 day redemption period. I spoke with a title company about getting title insurance during my redemption period. They informed me that not only will I not be able to get title insurance, but that the lien reattaches to the property if I redeem. The title is only scrubbed clean if it sells at auction and the IRS redemption period lapses. Does this sound right? Has anyone ever had success getting a lien waiver from the IRS or getting them to release their right of redemption?