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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Your title company will intercede... Posted by Ward-CA- on June 26, 2009 at 1:55 PM In Reply to: Question - IRS Lien and Short Sale posted by Livia on June 26, 2009 at 12:19 AM Livia, If you get title to the property recorded in your name prior to IRS recording their federal tax lien against the seller, then you won't have to deal with that issue. But if IRS records their lien beforehand then your title company will not issue a title insurance policy until the IRS lien has been released. --------Ward ============== : I'm negotiating a short sale for a property in LA, CA. The owner now tells me there's an IRS lien. If I buy the property prior to foreclosure, I INHERIT THE IRS LIEN. IS THAT CORRECT? My Title Co could not find a recorded IRS Lien. Dos that change anything? : Looking forward to the feedback! : Thank you. : Livia Follow Ups: Makes total sense Livia 4:00 PM, 06/26/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Livia, : If you get title to the property recorded in your name prior to IRS recording their federal tax lien against the seller, then you won't have to deal with that issue. : But if IRS records their lien beforehand then your title company will not issue a title insurance policy until the IRS lien has been released. : : --------Ward : : ============== : : : I'm negotiating a short sale for a property in LA, CA. The owner now tells me there's an IRS lien. If I buy the property prior to foreclosure, I INHERIT THE IRS LIEN. IS THAT CORRECT? My Title Co could not find a recorded IRS Lien. Dos that change anything? : : Looking forward to the feedback! : : Thank you. : : Livia [ 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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