If it's a dwelling structure of 6 or fewer units, the initial redemption period is 2.5 years and can be extended by the tax buyer to 3 years.

Last time I checked the seasoning period was 1 year on Fannie/Freddie loans but it has been a few years.When I ran into this situation in the past I explained what I was trying to do with my hard money lender and encouraged him to extend his typically 12 month loan out an extra month or two so I could refinance based on appraised value.

@Matt M.say there is a $100k house3% fee for assignmentYou can list the home with a sales license as a lease with option listing, $3000 down as option fee OR use an option release as a principal buyerI use an option release fee not an assignment feeSay market rent is $1000 So I'll lease for $1000 and have an option fee for $100Then record my optionI want a buyer to step into my contract for an "option release fee" of $3000I'll have my RMLO and credit improvement specialist look at credit and ability to repay of buyerThen an option release fee is paid to title co or attorney or broker of $3000Once $2000 of first and first and last months rent cut to landlord from buyer to closing agent and $3000 is paid to closing agent, then I cancel my lease and option and write a new lease and option between tenant and seller.

This would extend your lease and give you time to make a decision...including, getting yourself into a position to buy it.  

However I have never heard of the IRS foreclosing on their lien.A Lawyer told me to just hold the property and rent it for 10 years or longer.Other option is to see if IRS will release lien since they are trying to get money from previous owner who no longer owns property once you are deeded property.

Talk to the long-term tenant and see if she plans to extend/renew.

Glad when they finally left, i just paid for the damages as it wasnt worth my time or money to pursue them for damages.One was a childless couple - no kids, constantly getting deployed in alternating fashion, sometimes they would both be deployed at the same time...which is fine, however they would NEVER ever notify me of their extended absences like the lease specified and during the winter I constantly had to check to make sure they were home or if not that the heat was on or during the summer the AC was on at least a setting somewhere in the low 80's to inhibit mold growth since we have a humid environment.... this couple also bought one dog, then a second if I recall and both are breeds I'd never allow in a rental and they kept them hidden from me every time I was around.  

 (Moderator the short term subject option does not come up on my tablet.)Bpers I got this email today."

Are There Extended Transactional Loans That Allow A Refinance Cashout?

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