IRS Tax Lien
I recently bought a 1st trust deed in Bakersfield, CA that has
Fed and State Tax Liens against the house. The owner has long vacated
the premises so I am foreclosing.
It is my understanding that the State Liens will be wiped off and
that the Feds will have 120 days to redeem following the sale.
Is this correct? Is there any way to avoid the 120 day waiting period?
Do I dare do any fix up while I wait out the 120 days?
Thanks for the help.
Connie
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