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Buying Real EstaTe at a foreclosure with a Federal Tax lien



"Guy D'Amico"
1/11/2005 2:04:50 PM


I live in Ohio and am interested in a foreclosure action through a Sheriff's
sale. There are two IRS tax liens on the property. I believe the IRS has
120 days after the sale to exercise their "Right of Redemption". The case
file has two IRS documents; one for each lien. They both show an expiration
date of the lien if it isn't re-filed before the expiration date.
My question is this. Does the Sheriff sale affect the IRS liens? What I
mean is this, once the 120 day Right of Redemption" passes are the liens
still enforceable or do they dissolve?
 
 
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