Thanks for having me.It's hard to explain the personal satisfaction I feel when the information I provide prevents someone from:[list]Paying too much at a Tax Deed or Foreclosure auction,Buying a vacant lot that is not buildable Buying a property that's loaded down with all kinds of encumbrances[/list:u]Information I provide also allow a bidder to continue bidding when others stop because they don't know the market value of the property and correspondingly, stops while others continue bidding because the bid is beyond market.In some cases the information also allows the investor to contact the delinquent Tax payer and offer to take over the property before it gets to the auction.

And in all instances, there was tax paperwork (Form 2119) to fill out to show that you followed the rules.But when the Taxpayer Relief Act of 1997 became law, the home-sale tax burden eased for millions of residential taxpayers.

Paid for indirectly by US taxpayers.

They saw the error and within 24 hours they sent the tax payment including late fees to the city and they went back to the seller to get this portion of the funds back.

Yeah I'm sure the taxpayers got their moneys worth alright but that is another subject.

Hey Matt Rothwell, check out the paragraph that starts (3) Property used by the taxpayer as his principal residence.It's very open-ended, but it's the IRS' definition of a primary residence.http://www.gpo.gov/fdsys/pkg/CFR-2007-title26-vol11/xml/CFR-2007-title26-vol11-sec1-1034-1.xml

You could always let her owner finance it and she can just keep making the tax payments.

So taxpayers were paid back... over 16% more than invested.

Taxpayers.

Here is a quick blurb from my research software:A taxpayer may exclude from income the gain from the sale of the taxpayer's main home if both the ownership and use tests are met.