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Real Estate Owning property is still the hottest and most publicized form of flipping and profiting from your own investments. Use this forum to discuss strategies in real estate and land development as well as assess the current housing and market situation.

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Old 08-28-2007, 06:51 PM
kind kind is offline
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Join Date: Aug 2007
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Can I sell a property that has a Income tax lien on it?

I know that whatever profit there is on the sale would first go to the IRS toward the tax lien, but I am not sure how the tax lien will affect the sale. By the way, after selling the property the tax lien will not be totally paid off. All of the money from the sale will go toward the lien and it won't be enough to pay the entire debt. Does that effect the sale?Will it take longer to close the deal? does the IRS have to sign off on it? How does it affect the marketing of the property and does it affect the buyer in any way?
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