Federal Tax Lein on a purchase

[Jason Crowe]

I am in a transaction where there is a Federal Tax Lein involved.  The Hard Money Lender will not close without this Lein satisfied.  The Lein is over 15 years old, I am reading and the IRS indicates this type of Lein falls off after 10 years I believe.  Is this accurate?  I feel I've been told many different time increments but want to know which time period is accurate for it to fall off if IRS does not reinstate or refile the Lein.  What is the time frame for a Lein to fall off of a property?

[Chris Seveney]

@Jason Crowe

Typically it’s ten years but they can renew it for another ten years. Did they do that in this case?

I would call another title company or talk to a real estate attorney in that state that deals with debt (creditors rights attorney).

Either way sounds like this title company is not budging so might be time to use another title company