The assets seized by IRS from delinquent tax payers are auctions routinely and you can purchase them directly from IRS. IRS Real Estate Auction shows each of these Assets with legal description and Legal Notices associated with each property.
However, buying from IRS can be a bit tricky since these sales are subject to Redemption Rights. This means that the owner of these assets that are seized is offered a Period of time to reclaim their assets (even after the sale) by settling their debt with IRS.
Typical Redemption Period for IRS Real Estate sales are 180 days where during this period, any heirs, executors, administrator or any other person having a lien of interest; will be able to redeem the sold property.
So, buying from these kinds of auctions are not for novices and we don’t advise it unless you have legal adviser keeping you abreast of all your options in case you purchase is challenged. Finally, ALL the payments must be made in Cash, Certified Check, Cashier’s check or money order.
But seriously who wants to go to an IRS auction with boat loads of cash to purchase property only to be subject to a juicy audit since you have not tempted the beast to inquire about your source of cash and income!! 8″>
Contact Us if you are looking to find distressed properties to purchase.