@Ashland Bishop The areas of Jacksonville that are really hopping (doing well) seem to be those where the Millennials have come to roost.

This will be necessary when you do your taxes.Its a simple form to fill out, and the IRS can send you copies.Jayp.s. im not an accountant consult an accountant

I would think title companies would issue insurance after that.Or are you talking about IRS tax liens??

I do believe you would report income to the city or local municipality, however.The IRS has guidance for installment sales here: https://www.irs.gov/taxtopics/tc705

I don’t know if there is opportunity for improvement on your 2016 or 2017 taxes but maybe we can plan for 2018.Here's the Scoop:The calculation begins by taking “Line 41 – Net Profit” and then ADDING the following back to that figure: Depletion (line 12) Depreciation (line 13) Business Use of Home (line 30) Business Miles…if logged in page 2, part IV (line 44a) Amortization/Casualty loss (page 2, part V)So each of those deductions can LOWER your tax burden to the IRS while being ADDED BACK to your qualifying income for a loan.

Here’s the instructions for the form that provides more info on what to report in each box:https://www.irs.gov/pub/irs-pdf/i1099msc.pdfBut from the sounds of it I’d agree that it sounds like the types of things that should go in box 7.

In an IRS auction, the IRS lien was recorded after the first mortgage. 

There are some exemptions to taking money out of your Ira without penalties-checkout irs code section 72t and see if it helps.

If you went to their website you would find a FAQ section that states: "Tax deeds convey title to the purchaser free of all prior encumbrances (mortgage liens, judgment creditors, etc.) of any kind EXCEPT liens specified by Revenue and Taxation Code Section 3712, Lis Pendens actions and any Federal Internal Revenue Service (IRS) liens that are not discharged by the sale, even though the Tax Collector has provided proper notice to the Internal Revenue Service before that date.

It is important to do a title search in the county clerks office to check for liens that the sale will not extinguish (IRS tax lien).