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.
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