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Foreclosure Forum |
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Re: IRS lien, 2nd TD and Assignment of 2ndIn Reply to: IRS lien, 2nd TD and Assignment of 2nd posted by Jim on June 05, 2002 at 10:17 AM
: I hold a 2nd note/TD (purchased). 1st in foreclosure. IRS lien notice filed AFTER original bene filed 2nd. My assignment filed AFTER IRS lien. Property appears to be vacant (abandoned). Probably $15-20,000 equity. : Thanks for your most informative forum! =============================== Jim, The priority of any lien is established at the time it's recorded, and not again when it's subsequently assigned to a successor beneficiary. The foreclosure of any lien is not affected in any way on whether the subject property is occupied or not. Hope this helps.
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