Tax Liens & Mortgage Notes
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Iowa Tax Sale Question
When a property is acquired by tax sale, does that remove all leins?
Seller has deed to the property and wants to sell as is/ where is. Iowa is abstract state and seller wants me to handle that cost. I have heard around town there may be an IRS lein attached to the property. The seller said the act of tax sale/foreclosure wipes away all leins. Is this true or does a specific act need to take place?
Just wondering if I need to figure abstracting and title opinion into this?? Not a major expense really, also I just want to know for my own info.
Any other suggestions appreciated!!!