InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Suing the goverment vs a trustee... Posted by Ward-CA- on March 20, 2004 at 1:12 AM In Reply to: Re: Getting partial release of an IRS lien... posted by steve on March 19, 2004 at 12:03 AM : Ward, if this was the case that occurred at a Trustee Sale, wouldn't the Trustee be liable for negligence since they failed to notify all parties involved about the sale properly? : If I bought a property with an IRS lien at the trustee sale and hoped that the IRS doesn't redeem withing 120 days, I could be owing much more than I expected to keep the property. What would happen in this circumstance? : Thanks for your help. - -Steve ====================== Steve, Yes, in the example above the foreclosing trustee would be liable, and you’d put the monkey on their back to get the IRS lien negotiated off the title. But that’s a lot different than suing a governmental entity like Kern County. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, if this was the case that occurred at a Trustee Sale, wouldn't the Trustee be liable for negligence since they failed to notify all parties involved about the sale properly? : : If I bought a property with an IRS lien at the trustee sale and hoped that the IRS doesn't redeem withing 120 days, I could be owing much more than I expected to keep the property. What would happen in this circumstance? : : Thanks for your help. - -Steve : ====================== : Steve, : Yes, in the example above the foreclosing trustee would be liable, and you’d put the monkey on their back to get the IRS lien negotiated off the title. : But that’s a lot different than suing a governmental entity like Kern County. 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2004, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455