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NALTEA CONFERENCE CANCELLED - Wanda Steudel/OH
9/14/2015 11:32:16 AM (1628 views)

[-] pre-existing Federal Tax Lien question - Leigh Attridge/MA (13 replies)
9/12/2015 8:12:21 AM (2453 views)
Re: pre-existing Federal Tax Lien question - Carol Clark/NY
9/12/2015 12:15:24 PM (1956 views)
Re: pre-existing Federal Tax Lien question - Leigh Attridge/MA
9/12/2015 12:46:12 PM (1976 views)
Re: pre-existing Federal Tax Lien question - Robert Franco/OH
9/14/2015 11:04:07 AM (1808 views)
Re: pre-existing Federal Tax Lien question - Carol Clark/NY
9/14/2015 1:19:15 PM (1872 views)
Re: pre-existing Federal Tax Lien question - Robert Franco/OH
9/14/2015 1:47:32 PM (1697 views)
Re: pre-existing Federal Tax Lien question - Carol Clark/NY
9/14/2015 2:01:18 PM (1649 views)
Re: pre-existing Federal Tax Lien question - Leigh Attridge/MA
9/14/2015 5:46:22 PM (1847 views)
Re: pre-existing Federal Tax Lien question - Michael Madden/RI
9/18/2015 1:34:39 PM (1564 views)
Re: pre-existing Federal Tax Lien question - Leigh Attridge/MA
9/18/2015 6:03:28 PM (1566 views)
Re: pre-existing Federal Tax Lien question - Carol Clark/NY
9/21/2015 5:30:33 PM (1508 views)
Re: pre-existing Federal Tax Lien question - Rita Killary/NY
9/14/2015 6:44:14 PM (1805 views)
Re: pre-existing Federal Tax Lien question - Michael Madden/RI
9/18/2015 1:41:03 PM (1526 views)
Re: pre-existing Federal Tax Lien question - Lynda Cooke/VA
9/22/2015 11:40:41 AM (1506 views)

Interesting question and good discussion.

I have zero experience with Massachusetts real estate and can only comment as this would affect Virginia property. 

You were right to report the judgment as a potential lien against the real estate. 

In my world, this would be a good judgment against the equitable interest of Joe Blow as to this property subject only to Joe Blow's obligation to pay the high bid price, any delinquent real estate tax, and any liens prior to the foreclosed trust. 

Absent anything to the contrary in the contract to purchase, equitable conversion took place on the signing of the contract to purchase at the auction.  Any increase in value or right to hold and convey transferred to Joe Blow and is subject to the blanket lien of the IRS.  The trustee/lender retained only legal title which, after the auction, was a personal property right. 

Obviously, there was record notice as to the IRS lien available.  My thoughts are the assignee took subject to the outstanding lien and is burdened by it.   

Good call on your part to report.  Well done.   

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[+] Altisource - Marcy Planer /LA (3 replies)
9/11/2015 12:48:30 PM (2696 views)

[+] Core Logic - Lucille Femine/TN (14 replies)
9/9/2015 6:04:13 PM (2633 views)

[+] Realmetrix Comes Through - jess barker/IL (8 replies)
9/9/2015 5:33:49 PM (2170 views)




[+] Amerisearch - Lisa Ramsey/TX (2 replies)
9/8/2015 6:26:14 PM (2394 views)

[+] How to look up titles online - Chris Leonard/GA (5 replies)
9/8/2015 4:35:02 PM (2243 views)

[+] Credit Line - Lisa Ramsey/TX (1 reply)
9/5/2015 10:58:06 AM (2193 views)

[+] SouthEastTitle and Processing -NON PAYER - Tamara Howard/FL (7 replies)
9/3/2015 9:56:47 AM (1995 views)

[+] Assuming non-Assumable mortgage? - Alix Ott/MI (4 replies)
9/2/2015 8:33:21 AM (1948 views)

Texas abstractors - Lisa Ramsey/TX
9/1/2015 12:33:31 AM (2079 views)

Applied Technology Resources - Paige Dunn/GA
8/30/2015 11:30:30 PM (1999 views)

Attention New England examiners upcoming conferences - Leigh Attridge/MA
8/26/2015 11:41:41 AM (1908 views)

Surveyors - Lisa Ramsey/TX
8/24/2015 8:10:29 PM (1633 views)

[+] Loan Processing Company of Kentucky - rhonda lippencott/TN (1 reply)
8/24/2015 10:22:45 AM (2119 views)


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