All Forum Posts by: Jerald Alford

Hello all, i wanted to know if any of you have bought tax deed properties. I wanted know if any of you can share some do's and don'ts of doing so. i think I have researched as much as I can possibly can, I know to stay away from anything that has a gov't lien and to be mindful of the legal description.

Thanks in advance.

@Wayne Brooks Thanks, do you know what he usually charges or if you can provide me a contact number or the name of his practice so i can google.

Hello, is there anyone in Jacksonville FL, that can recommend and attorney to file quiet title, and what are their fees.

Thanks

Hello, I'm about to dive into real estate thru the way of Tax Deeds. My question is about a mobile home that I have on my list. The county has it listed at around 9k in value but Zillow has it listed at around 54k in value. It's a question of should I or shouldn't I? Are there better sites to determine value other than Zillow?

Can anyone shed some light of what they know and if they have any experience with Mobile homes.

Thanks

@Raymond, thanks but looks like i havent got it down pact just yet

@Steve, I did, that's why I pasted the info so you could see that it came from the same link. I feel what you are trying to say but being that I am a newbie and have a small budget, anything with an IRS/Fed lien on it, just isn't worth it to me.

@Steve, You would have to file a form to remove the lien by a certain number of days prior to the transfer of real property. I forget what form it is, but I have looked into. There was a property going up for Tax Deed auction that was in my budget but had 2 Fed Liens against it, 1 for 16k and 1 for 197k. Needless to say I didn't buy it.

@Steve This kills your argument:

5.17.2.2.3 (03-27-2012)
Transfer of Property Subject to Lien and Substituted Property

1. After the federal tax lien attaches to property, it remains on that property until the lien has expired, is released, or the property has been discharged from the lien. The transfer of property subsequent to attachment does not affect the lien. United States v. Bess, 357 U.S. 51, 57 (1958). If property is sold by the taxpayer, the lien attaches to whatever is substituted for it, as it reaches all of the taxpayer’s property and rights to property. Phelps v. United States, 421 U.S. 330, 334-35 (1975) (lien attached to the cash proceeds of a sale). However, as a practical matter, it may be difficult to enforce a tax lien against cash sale proceeds.
2. When property encumbered with a federal tax lien is transferred to a third party and subsequently the third party exchanges the encumbered property for other property (the substituted property) such that the federal tax lien no longer attaches to the original property, the tax lien will attach to the substituted property. See Municipal Trust and Savings Bank v. United States, 114 F.3d 99 (7th Cir. 1997).

From all of my readings, the only body that can severly cripple your access to a property that was sold at auction in florida is the IRS. All HOA/COA, Utilities, Mortgages are wiped out once quiet title has taken place and cleared.

Correct me if I'm wrong. This is how I plan on getting my first property.

Hello, I'm new and would love to get in touch with a mentor or just get any advice from those who have been in it for awhile. I'm in Jacksonville FL.