Don't Have To Pay Liens
I heard that if you purchase a property subject to, you can write a letter to the government and ask them to remove the lien from the property. Because the lein is not yours and you are now the owner.
The original owner still owes the tax but the lien is taken off.
Has any one heard of this?
As far as I know the liend stays with property not the person. If you find out differently please let me know.
This is my understanding ...
As soon as the property changes hands, the lien becomes due. If the amount of the lien is more than the equity in the property, the lien can be reduced for what equity is in the property.
If the property is sold a a foreclosure sale, the IRS has a specific amount of time "redemption period" to take back the house and reimburse the buyer for their purchase price (fixup, repairs, mortgage payments, etc. not included).
Once that redemption period is over, then the house becomes lien free.