IRS liens - Posted by Walt_FL
Posted by Walt_FL on May 05, 1999 at 08:56:06:
I bought a lot at a Tax Deed sale and it had IRS liens against it. I know the IRS has 120 days to Cash me out if they want the property, but my question is whether I should contact them right away or just wait? I will also have to Quiet Title so I would like to get started with that but want to make sure I do it right (Also The taxes for last year are due, should I wait for the IRS before I expend any more monies?)
The liens were about $120K, The Lot is worth $5K-$12K but not the most desirable neighborhood. I Paid about $850 for it (63x105 w/water sewer available). Anyone have any experience with Lots and the IRS or IRS lien experiences in general?
My hunch is that they don’t want a Lot???