Problem with title

[Luis Salavarria]

Hi,

I'm still new to BP but find it really useful when searching for answers to different (crazy and no so crazy) questions. Well, maybe some of you can help me with this. 

I am in the process of buying a property from a friend wholesaler. We were set to close in October but there was a problem with title. The owner of the house has an IRS lien on the property of about 90+ thousand dollars and she is fighting it with them through an attorney to see if they either lessen it somehow or they wipe it clean (she says the lien applies to her father who is deceased and not to her). Well, the attorney is "working" with the IRS, or so he says, to solve the matter. The thing is that we've had to postpone closing twice due to not having an answer from the IRS.

Well, I have several questions about this, what should I do? continue to wait for the seller who is waiting in turn from the IRS? do I "force" her legally to sell me the house not postponing the closing date any more? has anyone seen a case like this? what did you do? The deal numbers are like this, Buy Price + Rehab is about 210k and ARV is 300k.

I would really appreciate any input since this is kind of driving me crazy! Thanks so much!

[Wayne Brooks]

Nothing you can do to make it happen.  Either stay put, or walk away.