IRS Liens at Auction

[Will Crozier]

It is my understanding that a person needs to ask the Trustee at auction for proof that the IRS has been notified of the foreclosure after winning the bid. What happens at that point? Do they supply you proof on the spot in writing, or how does that work? I assume that it's not a good idea to hand over any funds until some kind of proof is supplied.

Thanks for any insight!

[George Roddy]

Will

Most trustees will not have anything with them at the auction. The us constitution requires the lenders to notify the IRS. What you should do is after you win the bid, ask the trustee if they will call the office(Lawfirm) and ask for verification that the firm does have the certification receipt. Most trustee routinely call their office to verify that the sale is confirmed. Although you may not get something in writting at the auction, you should get specific information (contact name and phone number) so you can follow up after the auction.

Remember, it is very rare that lenders have not notified the IRS.

I hope this helps.

Coach George.