What Are IRS Liens?
The worst form of lien that is rare, but you still may find, is an IRS lien. IRS liens don’t go away; they attach themselves like glue to the property of the delinquent taxpayer. It does not show up very often, but it does happen. The property owner, the seller, did not pay their income taxes and the IRS slapped a lien on their property and recorded it in that county. Now anything that person owns in that county has that lien attached to it, and the lien follows the property wherever it goes, meaning even if you don’t see this lien, the lien still comes with it. So if you buy a $10,000 property with a $50,000 lien, guess what? The Lien came with the property and now whenever you want to sell that property any sales proceeds would go to the IRS to help settle that debt, and you would get NOTHING!!! So that’s something you want to look out for! If you do find an IRS lien, see if it still makes sense to proceed, it might. Let’s turn this around: if you find a property worth $50,000 that y
