Thursday, August 18, 2011

What will a tax property auction not write off?

You appear to be quoting from the California R&T Code. A sale by the county tax collector for unpaid real property taxes wipes out everything. If there is a Federal Tax Lien on file, the IRS has a redemption right from the buyer. It has 120 days in which it can redeem the property from the buyer by paying them their sales price plus interest.

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