'Subject To' / 'Land Contract' Landmine to consider!!

[Kurt Kwart]

Say you take over a property Subject To and have been making payments for years.  

The real owner of the property gets an IRS lien.  

You get screwed.

[Wayne Brooks]

@Kurt KwartTou're incorrect. The bank doesn't own it, the title holder does, which would be the buyer in a sub2 as title is transferred. An IRS lien on the previous owner, after title was transferred, would be irrelevant to the property or new owner. The DOS is of course a different matter.