IRS LIEN

I have a seller who has a 20,000 IRS lien. He says he can sell us the property as long as he does not make a profit, is this true? I have never dealt with anyone that owes on IRS liens, any help or information would be appreciated. Thank you.

Comments(1)

  • SteveSch6th July, 2003

    Hello,

    Not sure about them receiving any money.

    You can take, buy, a property with an IRS lien. My understanding is that you must notice them and they then have 180 days to take it away.

    I know of investors that buy properties such as these using no cash. They then sit back and wait until the lien expires.

    Steve

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