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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Bargain for the partial release of the property from their lien... Posted by Ward-CA- on January 09, 2004 at 9:59 AM In Reply to: IRS lien on foreclosing property posted by Jeff on January 09, 2004 at 9:52 AM : I'm working on an equity buyout where I will need to short sale the 1st(likely)and discount/remove part of the IRS lien. Any chance of negotiationg with them? It's an old lien and seller has been timely on last 3 years taxes but lien will get wiped out at auction. ============ Jeff, IRS is known to be quite negotiable. Start low when making them an offer in compromise. They won't counteroffer with a specific number. They will just tell you to make another offer. Remind them that you just want a partial release from their lien as far as the property goes. Whatever balance owing will still remain against the homeowner. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I'm working on an equity buyout where I will need to short sale the 1st(likely)and discount/remove part of the IRS lien. Any chance of negotiationg with them? It's an old lien and seller has been timely on last 3 years taxes but lien will get wiped out at auction. : ============ : Jeff, : IRS is known to be quite negotiable. Start low when making them an offer in compromise. They won't counteroffer with a specific number. They will just tell you to make another offer. Remind them that you just want a partial release from their lien as far as the property goes. Whatever balance owing will still remain against the homeowner. : Hope this helps. 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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