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Updated over 7 years ago on . Most recent reply

User Stats

452
Posts
10
Votes
Michael Dunn
  • Olive Branch, MS
10
Votes |
452
Posts

An Estate Property , Liens, Executor ..............

Michael Dunn
  • Olive Branch, MS
Posted

Need some help please, with a current situation / Scenario please

The current situation that I am looking at, regarding purchasing another Investment Property ..................

I need some help and guidance on the following situation/ example please

Background:

1. An Estate Property - a property with 2 houses in an Estate in TN

2. 2 Liens - a Nursing Home - and Federal back taxes

* June of next year 2018 , these taxes are due to " Drop-Off " due to a 10 year Statue of Limitation

3. This August 2017 , this Property goes to it's 1st Tax Sale ( the 1st of 3 year Tax Sales )

QUESTION:

If the Executor decides to sell the Property after June 2018 - which is when the Federal Tax lien " Drops - Off " , will the fact that a person paid the taxes ( Property ) at the August 2017 tax sale , " Interfere " in any way with the sale to another person ( after Probate ) ?

Thanks so much for your help 

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