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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Good news... Posted by Kristine-CA on June 09, 2009 at 3:53 PM In Reply to: Re: Good news... posted by hard money lender on June 08, 2009 at 10:06 PM You realize that your billing the IRS idea is a total waste of time, right? :) I'm assuming you are just venting, not sharing a valid tactic. The IRS does not reimburse the sale buyer for anything, other than the monies paid and interest. As a lender, you surely know that....right? I totally get going in there and risking the IRS showing up (it rarely happens), but this is a foreclosure message board and I don't want anyone to think the IRS reimburses you for any money you put into the property. : hi ward, : we went to work on day 1. i simply couldnt afford not to. : we got a property manager, and 2 of the 4 units leased. : there was little chance that the irs would do anything, but we would have been happy to get the amount that they would have needed to come up with. : we just simply had to do what was necessary to keep the value of the property, make sure it was no longer vacant, etc. : i was also planning on billing the irs for the amount of extra cash we put into the place, if it ever came to that. : it is a bs rule. there is no way that the irs should be able to hold up the property like that. : they should be treated like any other creditor at the foreclosure sale. they either buy it, or they dont. : i am so sick of the intrusiveness of our govt. Follow Ups: Re: Good news... hard money lender 9:37 PM, 06/09/09 (8) Re: Good news... Kristine-CA 10:01 PM, 06/09/09 (7) Re: Good news... hard money lender 10:18 PM, 06/09/09 (6) My Broken record speech to you... Rick, the Probate Guy 7:15 AM, 06/10/09 (4) Re: My Broken record speech to you... hard money lender 8:55 AM, 06/10/09 (2) For inspiration... CC in OC 8:09 PM, 06/10/09 (1) Re: For inspiration... hard money lender 8:28 PM, 06/10/09 (0) Rick & Kristine you've done it again! Tom 8:31 AM, 06/10/09 (0) Vote Libertarian (NT) CC in OC 10:38 PM, 06/09/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : You realize that your billing the IRS idea is a total waste of time, right? :) I'm assuming you are just venting, not sharing a valid tactic. The IRS does not reimburse the sale buyer for anything, other than the monies paid and interest. As a lender, you surely know that....right? I totally get going in there and risking the IRS showing up (it rarely happens), but this is a foreclosure message board and I don't want anyone to think the IRS reimburses you for any money you put into the property. : : hi ward, : : we went to work on day 1. i simply couldnt afford not to. : : we got a property manager, and 2 of the 4 units leased. : : there was little chance that the irs would do anything, but we would have been happy to get the amount that they would have needed to come up with. : : we just simply had to do what was necessary to keep the value of the property, make sure it was no longer vacant, etc. : : i was also planning on billing the irs for the amount of extra cash we put into the place, if it ever came to that. : : it is a bs rule. there is no way that the irs should be able to hold up the property like that. : : they should be treated like any other creditor at the foreclosure sale. they either buy it, or they dont. : : i am so sick of the intrusiveness of our govt. [ 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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