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Landlord has IRS lien

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Icon Mini Profile gigi1314





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Post Posted: Mon Oct 19, 2009 12:20 pm    Post subject: Landlord has IRS lien
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I've been working with my landlord to buy the home that I rent from him. I found out this weekend that he owes the IRS and they have placed a lien on another house he has (not primary residence). My house is in his mother's name who died years ago so there is no IRS lien attached to it. The house is paid for and I checked Harris County Real Prop records and there are no liens filed against the property.

If he gets the house in his name will the IRS know and attach a lien?

This is turning into such a mess. Is the deal dead in the water or is there any hope? Thanks for ANY info.
Icon Mini Profile shane
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Post Posted: Mon Oct 19, 2009 2:29 pm    Post subject:
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When the seller sells a home, the title company who is insuring the title of the home does a public records search on the buyers & sellers, so while the IRS might not get wind of him owning the home right away, the title company would find the IRS tax lien and knowing the IRS would've been coming after that home had they known, would require the seller to pay off the tax lien before they'd insure the title. Perhaps the seller would have enough profit from the sale of the home to pay off the tax lien though.
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Post Posted: Mon Oct 19, 2009 4:03 pm    Post subject:
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thank you!
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