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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] expiration of California FTB lien Posted by Dond on April 10, 2009 at 9:25 AM I am looking at a property for which there are both a California Franchise Tax Board lien and an IRS lien. Both are substantial, and both are senior to the florclosing TD. I know that, assuming I am the successful bidder at the Trustees Sale, I can try to negotiate a reduced amount to pay off on each of the remaining senior liens. Another possibility is to use the property as a rental and wait for each of the senior liens to expire. The face of the IRS lien states that it expires in 2015, unless it is renewed before then. There is no such statement on the FTB lien. Does anyone know whether FTB liens have an automatic expiration date? Follow Ups: 10 year rule... Ward-CA- 11:36 AM, 04/11/09 (1) Ward is correct CC in OC 11:18 PM, 04/11/09 (0) How often does the IRS redeem after auction? Sara_CA 1:53 AM, 04/11/09 (2) Re: How often does the IRS redeem after auction? Bill H 10:36 AM, 04/11/09 (0) Not very often... Rick, the Probate Guy 9:08 AM, 04/11/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I am looking at a property for which there are both a California Franchise Tax Board lien and an IRS lien. Both are substantial, and both are senior to the florclosing TD. : I know that, assuming I am the successful bidder at the Trustees Sale, I can try to negotiate a reduced amount to pay off on each of the remaining senior liens. Another possibility is to use the property as a rental and wait for each of the senior liens to expire. : The face of the IRS lien states that it expires in 2015, unless it is renewed before then. There is no such statement on the FTB lien. : Does anyone know whether FTB liens have an automatic expiration date? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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