Property Lien IRS
1) If the mortgage lender is aware of the IRS Tax lien, will they contact the IRS to facilitate an arrangement to permit sale of the property?
2) Can an attorney, under agreement with me, contact both lender and IRS and predetermine the amount (from sale proceeds) that will satisfy IRS and thereby establish a minimum sale price?
a) If the amount agreed upon by IRS is les than the amount due than, can we secure a release against further collections on this matter from IRS?
3) In the event the market (buying public) does not offer to purchase for the IRS-Mortgage lender agreed upon amount, will IRS pay off the lender and take Title to the property?
Thank you very much!
1 Answer from Attorneys
Re: Property Lien IRS
Your questions are extremely complicated and are all interrelated. You need to consult with a local real estate and/or tax attorney. You cannot resolve these issues via Email.
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