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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 11 Aug 2005 07:36:21 -0700
/ Author of the message: "Didn't Vote 4 George Warmonger Bushwacker" |
Title of the message: |
Re: 2nd mortgage and bankruptcy
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Text of the message: |
>>mlrogers@cinci.rr.com Aug 10, 9:26 pm What was the situation of the house the IRS redeemed? I'm interested in this because I have purchased several homes with IRS liens and they have always left them alone. I'm wondering was there some specific reason that you know of why they were interested in those properties they took? >>> Congress doesn't trust the IRS to know which properties to redeem so the IRS can only redeems properties once they have a private 3rd party bidder put up a 20% cash deposit. Then the IRS advertizes the sale to beat the bid of the poor fellow that put up the deposit. It's a pretty bazzar deal and lots of work for the IRS. TO answer your question, yes, it has everything to do with equity as determined by real investors like yourself. Finally the IRS says they watch sales close but in fact they don't (not here anyway). Some |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.