Experienced Investors Only Regarding IRS Tax Liens

[Casey Mericle]

Any experienced investors out there ever purchased a trustee sale with an IRS tax lien attached? If you didn't just wait the 120 days (I'm not really searching for someone to tell me to wait the 120 days), then how did you work out the payment of the lien? What percentage of the lien did you have to pay off? Do you have any strategies in dealing with the IRS in a situation like this?

[John Rooster]

I paid the IRS to release a lien once during the 120 day redemption period. I think I paid them 70k to release a 150k lien. But that number is meaningless to you, as they will make their decision based upon equity, not a fixed percentage. If there was no equity in the property they probably would have released the lien for $500. They contacted me about day 110, told me they were going to redeem unless I gave them a big check, or something like that. My strategy in such situations is not to do anything, if you can't hold the property and wait for the 120 period to expire, then you should not buy it. Calling them first will put you at a big disadvantage.