IRS Lien on REO
The IRS has recorded a tax lien on an REO that I made an offer on and they have rights of redemption for 120 days following the date of the foreclosure sale. Since it's an income tax lien against the previous owners, the seller (bank) isn't willing to pay the lien to clear the title. Instead the seller wants to extend the closing date until the end of the 120 period when the lien will be released automatically. What happens if the IRS steps in and exercises their rights of redemption? The closing date on the sales agreement is 2 weeks earlier than the end of the 120 day period, so who is responsible for paying the IRS lien if we want to close on the original closing date? 
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