Government property tax foreclosure sales: the tax man taketh and the tax man giveth away
For government property tax foreclosure sales the best place is from the horse’s mouth, the IRS site. The official site is authorized by the US government to not only list all of the seized property but to also sell it. This government site is www.ustreas.gov/autions/irs.
Not only are there vacant lots for sale but homes, and commercial buildings. There are other categories that include coins and precious metals, antiques, art, automobiles, motorcycles, boats, patents and so much real estate that it is almost mind boggling.
There is no financing available for any of these purchases. Every auction is on a cash payment system. The cash system includes cash, cashier checks or treasury checks only. No personal checks will be accepted.
All property is sold “as is” condition and if the car or motorcycle breaks down, then it is up to the new owner to fix it. There are no guarantees.
All real estate is sold as is and a title search is the duty of the new buyer. If there is a lien against the property that was in place before the government placed a lien, then it is the responsibility of the new owner to deal with it. If a lien was placed on the property after the government places a lien on it, then the government deals with it.
Unlike other auctions, the IRS does not charge a fee for holding their auctions. Each transaction is for only the amount that is made during the bid.
These are just a few facts about government property tax foreclosure sales at the IRS auctions.
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