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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Got 2nd. lien with an IRS redemption right Posted by steve on October 23, 2003 at 10:08 AM In Reply to: Got 2nd. lien with an IRS redemption right posted by Mirela Nelson on October 23, 2003 at 0:17 AM interesting... a bit of post planning here if you let it go to sale, you risk losing the property i believe that any overage from the 1st would go to the IRS and NOT you ! - so that is not good for you i'd probably re-instate the 1st not sure how that would affect you shuld the IRS exercise their right to redeem - you may be out the amount to re-instate but would protect your 40 K - so less of a loss good luck Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : interesting... : a bit of post planning here : if you let it go to sale, you risk losing the property : i believe that any overage from the 1st would go to the IRS and NOT you ! - so that is not good for you : i'd probably re-instate the 1st : not sure how that would affect you shuld the IRS exercise their right to redeem - you may be out the amount to re-instate but would protect your 40 K - so less of a loss : good luck 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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