I’ve been a member of BP since May of 2013 and I haven’t posted that much at first since I don’t know anything (which I document in my first turnkey deals – link part of this OP) and 2 I’ve been extremely busy.

Also I cover the shared area water and electric with coin op laundry.

Any landlords out there in the Greater Cedar Rapids, Iowa City area sick of their Coin-Op laundry suppliers? 

Never once had one redeem in all the years..Not to say there Is not a first time for everything :)of course if you can get the release pre sale this could be a benefit in two ways for the note buyer.One it could produce 3p bidders that would buy the note and if the OP bought it at a significant discount this could be a nice quick flip.. but if the sole intention is to gain control of the asset one MAY be wise to keep the IRS lien in place to scare off other bidders and risk the redemption that in all likelihood will never happen..  

That's why the OP wants to hide it.  

The OP has the means to deal with this foreclosure, most don't, so the next step is for the seller to obtain in writing the amount necessary to reinstate the loan, then close on a sub-to, have the title company clear the loan and move forward.

I don't want to detract from the OP's original question.  

As it would be hard for the OP to go back in time 10 years to purchase properties. 

In other words, I think appraisers estimates can be significantly different than market justified value on some properties and this typically can only benefit the buyer (if the appraisal comes in higher than agree value there is never a renegotiation for a higher value).I wish the OP the best. 

I see these 100 dollar options.. all the time. and if you have a 100 option then you are in contract until your option period expries.. which in Texas from what I see is basically the due diligence period.. it is two different things. than what the OP presented.