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Tax Liens

Posted by Troy on August 28, 2001 at 2:19 PM

Ward,

When a person doesn't pay his/her income taxes and the IRS slaps a lien against the property, what happens to this lien when I acquire the property from the owner directly?

I remember you teaching in one of your seminars that some type of lien is "wiped off" but not "wiped out" when a property is purchased at the Trustee Sale. In the situation above, would the IRS just pursue the person who owed the taxes, even though the property was not purchased at a Trustee Sale?

Are there any other types of liens (property taxes) that don't follow the "person", but actually stay on the property's title?


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