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Updated almost 5 years ago, 01/23/2020

User Stats

128
Posts
33
Votes
Jason McDougall
  • Rental Property Investor
  • Decatur, TX
33
Votes |
128
Posts

Seller has IRS liens, need advice on how to get partial release

Jason McDougall
  • Rental Property Investor
  • Decatur, TX
Posted

Happy Monday BP!

I've been working with a seller that is trying to sell 3 houses that are part of his father's estate. The IRS has a lien against his father's estate in the amount of $330k, and I have a contract with the seller to buy all 3 houses for $120k.  The seller and my title company have been trying to get a partial release of lien for the 3 houses so that they can be sold, but we haven't been able to make any progress. The seller is also aware that 100% of the proceeds of the sale will have to go to the IRS to pay down the $330k lien of his father's estate. The IRS has been very unhelpful and unresponsive, so I thought I'd see if anybody here has encountered this situation before, and what channels they went through to get the ball rolling and resolve it.

Thanks in advance!

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