Skip to content
Wholesaling

User Stats

128
Posts
33
Votes
Jason McDougall
Pro Member
  • Rental Property Investor
  • Decatur, TX
33
Votes |
128
Posts

Seller has IRS liens, need advice on how to get partial release

Jason McDougall
Pro Member
  • Rental Property Investor
  • Decatur, TX
Posted May 23 2016, 06:15

Happy Monday BP!

I've been working with a seller that is trying to sell 3 houses that are part of his father's estate. The IRS has a lien against his father's estate in the amount of $330k, and I have a contract with the seller to buy all 3 houses for $120k.  The seller and my title company have been trying to get a partial release of lien for the 3 houses so that they can be sold, but we haven't been able to make any progress. The seller is also aware that 100% of the proceeds of the sale will have to go to the IRS to pay down the $330k lien of his father's estate. The IRS has been very unhelpful and unresponsive, so I thought I'd see if anybody here has encountered this situation before, and what channels they went through to get the ball rolling and resolve it.

Thanks in advance!

Lean Landlording Logo

Loading replies...