Legal Question in Real Estate Law in Virginia

Purchasing an home at IRS auction but there's a mortgage lien on the property. How can we remove the mortgage lien if we do win the bid at the IRS auction?


Asked on 9/29/16, 6:22 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

You would need to negotiate the release of this lien with whomever is determined

to be the person or entity which was responsible for placing the lien at the time

the loan was made to (probably) the original buyer.of the property.(And, yes, of course, this

means additional cash that you will have to fork over to this lienholder in order

to effect the release of this lien.)

Read more
Answered on 9/30/16, 7:48 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in Virginia