IRS Tax Liens

IRS Tax Liens

Jason Worthington	3/26/2005 6:41:07 PM
When the IRS places a tax lien on your personal residence by means of a motion presented to the appropriate state/county/ city land registry office,must they then file a notice with the same office when the amount of the lien has been satisfied? I'm looking to buy a property which had such a lien placed on it but,in spite of the owner's claims that it's been satisfied, I can only find evidence of the placement of the lien but not the release. TIA



"Phil Marti"	3/27/2005 12:14:30 AM
"Jason Worthington" <fakeaddress@nospam.com> wrote : When the IRS places a tax lien on your personal residence by means of a motion presented to the appropriate state/county/ city land registry office,must they then file a notice with the same office when the amount of the lien has been satisfied? Yes, within 30 days of satisfaction. Mistakes happen and debtors lie. I don't know any better than you what's the story here. I'm looking to buy a property which had such a lien placed on it but,in spite of the owner's claims that it's been satisfied, I can only find evidence of the placement of the lien but not the release. You're crazy if you buy without title insurance. The title company will demand that the lien be cleared, and the seller may then get off his duff and do the legwork to see that it is. -- Phil Marti Clarksburg, MD



"Wayne Brasch"	3/26/2005 6:57:46 PM
"Jason Worthington" <fakeaddress@nospam.com> wrote in message news:sqm1e.14211$8_2.4433@fe07.lga... When the IRS places a tax lien on your personal residence by means of a motion presented to the appropriate state/county/ city land registry office,must they then file a notice with the same office when the amount of the lien has been satisfied? I'm looking to buy a property which had such a lien placed on it but,in spite of the owner's claims that it's been satisfied, I can only find evidence of the placement of the lien but not the release. TIA Normally they do, but it can take a month or two before it happens. Wayne Brasch, CPA, M. S. Taxation



"Frederick Lorca"	3/26/2005 8:31:00 PM
"Jason Worthington" <fakeaddress@nospam.com> wrote in message news:sqm1e.14211$8_2.4433@fe07.lga... I'm looking to buy a property which had such a lien placed on it but,in spite of the owner's claims that it's been satisfied, I can only find evidence of the placement of the lien but not the release. See IRS Publication 783, Certificate of Discharge of Property From Federal Tax Lien. http://www.irs.gov/pub/irs-pdf/p783.pdf Frederick Lorce



"Phil Marti"	3/27/2005 9:16:43 AM
"Frederick Lorca" <frederickglorca@fictitious.org> wrote: I'm looking to buy a property which had such a lien placed on it but,in spite of the owner's claims that it's been satisfied, I can only find evidence of the placement of the lien but not the release. See IRS Publication 783, Certificate of Discharge of Property From Federal Tax Lien. IRS won't issue a Certificate of Discharge if the liability has been satisfied; they issue a Certificate of Release. A discharge application is way too much work when a phone call to check on the status of the account and the lien will take care of it. To OP: Have you checked with the recording office or just a title report? Often the release has been recorded but the title company hasn't caught up yet. Just like credit reporting agencies they're much more diligent about filings than they are about satisfactions. -- Phil Marti Clarksburg, MD

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