A title company is also good to have as they are the ones who say you are buying a property clear of liens/levies.

In my state, which usually charges a 1.78% transfer/excise tax on each sale, this kind of transfer is exempt from it because it's essentially still 100% the same owner.However, I know that other states have a recording tax that applies to every single transaction. 

First off, I think the Tax Court would view such a transaction as “running one’s personal services (here brokerage services, aka putting buy & seller together for a fee) through a Roth”, treat the profit on the “assignment” of the contract as personal services, treat the money in the Roth as an excess contribution, and penalize the taxpayer for failure to file the excise tax return (Form 5329) & failure to pay the tax thereon.In light of this case, I think that the Court would certainly view an IRA with an assignment deal as “not at risk” – all it has in the deal is $100.

@Levi Bennett I am new to investing in real estate.

PS in WA taxs must be brought current to record a transfer deed and Excise tax must be paid.

My name is Levi Duncan and I am 34 years old.

Originally posted by @Levi Bennett:Hey man, just saw this..

As far as Lee and Charlotte Counties go, it seems that most people that are still underwater are underwater because they've stacked HELOCs or second mortgages on some properties or they've simply stopped paying years ago so their banks have levied heavy fees, fines, etc. on top of unpaid principle.On the appraisal side of my work, I have lender clients who have ordered drive-by appraisals for pre-foreclosure properties since 2012.

I have been to tax lien sales before, but not tax levies (IRS).

Thanks for responding @Levi Lanzrath and for the great comments.