Posted by Rick, the Probate Guy on May 09, 2008 at 12:19:36:
In Reply to: Re: IRS Liens posted by Rich on May 08, 2008 at 04:51:16:
If you mean, 'are you buying the property subject to the attached lien?', then yes. You've bought the property, pimples, warts, and all, including any liens, tax, judgment, etc. that are attached senior to a position that you bought, or like the IRS, have a right-of-rescission.
While unlikely that the IRS would make a play for what little equity remains, you could decide if it wise to contact them (or not) and ask for an early release of the lien from the subject property, freeing the property title of that burden.