₪₪₪ Am I responsible to pay for encumbrances/liens on home bought at an IRS auction?
I am looking to buy a home at an IRS auction. On their webpage they have a list of all the liens/encumberances totaling close to $100,000. If I am the highest bidder and end up purchasing the property do I have to pay for those liens? What happens to them? On the website it says the IRS will issue a quit claims deed (not a warranty deed) to purchaser. Please, any advice (especially from someone who has been to an IRS auction or purchased something with liens) would be helpful! Thanks!
I should also mention that all of the liens were either state or federal tax liens-not sure if this makes a difference or not.
Category: IRS Problems
