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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] fed. tax liens & trustee sales. Posted by bob on October 15, 2003 at 10:18 PM To any party with expertise in trustee sale procedures. What happens if the IRS is not notified by the trustee prior to a trustee sale of a property in which a federal tax lien is present or where the owner of the property has an outstanding federal tax lien. Does the redemption period still apply or is there no redemption period as the lien will not be wiped off due to non notification. How can a potential bidder confirm prior to a sale that the trustee has made the statutory notifications to the IRS. *Second question. Often times a property is transferred multiple times prior to a scheduled trustee sale in an attempt to delay sale. Often these parties file BK to delay sale. Do each of these parties that have owned the property or a interest in the property have to be checked for the presence of fed. tax liens. Note that many parties may own an interest in the property at the time of sale as their game is often to transfer partial interest to different parties every 30 days or so. What is the best way to check if the property is clear of any problematic fed. tax liens prior to the sale. Thank you. Follow Ups: Post-sale consequence of missed notification to a lien of record... Ward-CA- 10:47 PM, 10/15/03 (3) Re: Post-sale consequence of missed notification to a lien of record... bob 11:10 PM, 10/15/03 (2) Failure to notify a junior lienor is rare... Ward-CA- 4:20 PM, 10/16/03 (1) Thank you. bob 8:11 AM, 10/17/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : To any party with expertise in trustee sale procedures. : What happens if the IRS is not notified by the trustee prior to a trustee sale of a property in which a federal tax lien is present or where the owner of the property has an outstanding federal tax lien. Does the redemption period still apply or is there no redemption period as the lien will not be wiped off due to non notification. How can a potential bidder confirm prior to a sale that the trustee has made the statutory notifications to the IRS. : *Second question. : Often times a property is transferred multiple times prior to a scheduled trustee sale in an attempt to delay sale. Often these parties file BK to delay sale. Do each of these parties that have owned the property or a interest in the property have to be checked for the presence of fed. tax liens. Note that many parties may own an interest in the property at the time of sale as their game is often to transfer partial interest to different parties every 30 days or so. What is the best way to check if the property is clear of any problematic fed. tax liens prior to the sale. Thank you. Optional Link URL: Link Title: Optional Image URL: [ 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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