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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Makes total sense Posted by Livia on June 26, 2009 at 4:00 PM In Reply to: Your title company will intercede... posted by Ward-CA- on June 26, 2009 at 1:55 PM Ward, Thank you so much! You made my week-end. I should have thought of it, but mention the IRS and panic sets in. Gratefully, Livia ===================================== : 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 a Followup: Name : E-Mail : Subject : Comments: : Ward, : Thank you so much! You made my week-end. I should have thought of it, but mention the IRS and panic sets in. : Gratefully, : Livia : ===================================== : : : 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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