IRS Lien

[Sandy Blanton]

Will an IRS Lien survive a Tax Deed Foreclosure Auction sale?  I've read they "die" if not renewed after 10 years.  Thanks in advance for sharing.  

[Jay Hinrichs]

Never had a redemption in all my years of buying them.. I have had 2 negotiations though.

they threatened to redeem and we paid a little more.

now to be fair these were once in a decade sales were they fell through the crack and no competitive bidders showed up and we got them for a dollar over and they had 200 to 325k in equity respectively.

most foreclosure just don't have that much room in them and their by not realistic for them to redeem as they would blow through those dollars.

and the only reason they came to know about these is that the trustor who lost the property notified the IRS personally  LOL...

MY very favorite target for court house steps is those WITH IRS liens two reasons. One newbies are afraid and don't know.. and or those that need to pull their cash out right away with a HML who requires title insurance won't bid either... so if you have cash go for it.

also its rare for us to rehab and resell much quicker than 120 days anyway.. and unlike deed restrictions we can rehab and market as soon as we want to  and or want to risk a redemention.

and its not like those that buy mortgage foreclosure redemention rights and try to shake down those that bought at auction or actually redeem.