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Updated almost 9 years ago,
Wayne BrooksPoster#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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A Life Estate question: whether liens attach to the property.....
Okay guys, I feel like I should know this one, I have an opinion, but I'm not sure.
Property worth maybe $90k, as is. Free and clear.
Property titled in name of Mary Smith only, a married woman.
Mary dies, husband receives a life estate, mother's natural children from previous husband inherit the "Remainder".
Husband, who has a life estate, accumulates $150k in IRS liens.
Do the IRS liens attach to the property in any way?
Considering buying the remainder, and/or the life estate.