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Re: I think it's a long shot.

Posted by Mel on November 03, 2005 at 2:02 PM

In Reply to: I think it's a long shot. posted by Ward-CA- on June 25, 2002 at 5:31 PM

Brad,
Did you ever investigate this to a conclusion?

: : Hi Ward,

: : I attended an auction this morning and watched a guy buy a home with an IRS lien on in for 8K. The house sold for 150 and is worth 190. I asked if he knew about the lien- he did.

: : My question is can I buy the redemption rights at a discount, reimburse the investor and obtain title? If so, do I have to have another auction? Is this worth persuing?

: : Thanks
: : Brian
: ===================

: Brian,

: I doubt the IRS will sell you their redemption rights. But I've never actually inquired about such a deal with them. So I'd call up the revenue agent involved and ask him/her directly.

:
: Good luck.



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