Real Estate seized by IRS to be sold at auction-Updated ListReal Estate seized by IRS to be sold at auction

By Dennis Norman,on December 2nd,2009

Dennis Norman

The IRS acquires property as a result of seizing it or otherwise acquiring it for nonpayment of taxes and sells the acquired properties at auction. There are a few things to keep in mind when considering whether to bid on,or buy,property in this manner,including:

• The owner (the taxpayer) has the right of redemption (for 180 days after the sale in most cases) allowing them to buy the property back from you within that period for the price you paid as well as interest at 20 percent per annum. Granted,a 20% return on your money isn’t bad but it may be difficult to do much with the property during the redemption period.
• Property is sold subject to existing mortgages and liens senior to the IRS lien so you need to do your homework to be sure you are aware of what your total cost of the property will be.
• Property is sold as is without warranty

Before bidding on a property I would suggest you check out all of the terms and conditions of the sale as detailed on the IRS website. Below are the properties I found to be available,many have dates and times for auctions,which are noted,but several do not. Clicking on the description of the property will take you to the IRS website with more information on the property.

Properties Scheduled for Sale at Auction:

	CA –Culver City  **Update –This sale has been cancelled pending a new order. Title issues have arisen that need to be resolved prior to the sale. Additonal information and updates will be posted to our web site***. Culver City Condominium
	Date of Auction:12/3/2009,at:11:00 AM
	CA –Redding Vacant residential lot and acreage located near Mt. Shasta,CA
	Date of Auction:1/13/2010,at:11:00 AM
	CA –Sacramento  **UPDATE- NEW SALE DATE,SALE LOCATION,AND MINIMUM BID**Well kept single family residence,1551 sq ft,mastersuite located in Sacramento,CA
	Date of Auction:2/5/2010,at:11:00 AM
	FL –Brooksville Judicial Sale –Beautiful home in serene setting.
	Date of Auction:12/3/2009,at:2:00 PM
	FL –Lake Placid .75 Acres in Lake Placid,FL
	Date of Auction:12/3/2009,at:10:30 AM
	FL –Plantation Prime Residential Lot
	Date of Auction:12/17/2009,at:10:00 AM
	FL –Tampa  **UPDATE- NEW SALE DATE,SALE LOCATION,AND TERMS AND CONDITIONS HAVE CHANGED**3,150 sq ft 2-Story commercial building on .4 acres zoned CG
	Date of Auction:12/23/2009,at:2:00 PM
	FL –Tampa 1,667 sq ft Single Family Residence 2BD,1BA
	Date of Auction:12/3/2009,at:1:00 PM
	GA –Lawrenceville  Start building in a growing area near Atlanta…1/2 interest in unimproved commercial land in Gwinnett County,GA –1.82 acres!
	Date of Auction:12/1/2009,at:10:30 AM
	IL –Johnston City  UPDATE –**MAIL-IN BID FORM HAS BEEN ADDED**1.48 acres with approx 2,800 sq foot commercial building.
	Date of Auction:12/3/2009,at:10:00 AM
	KS –Lenexa  **UPDATE –NEW SALE DATE,NEW OPENING BID AMOUNT**Family residence located on the Falcon Ridge Golf Course;4BR,5 full BA,1/2 BA,Attached 3-car garage,wood deck with jacuzzi &more!
	Date of Auction:12/4/2009,at:11:00 AM
	LA –Glenmora Nice real estate located on approximately 1.00 acre,in Rapides Parish,outside of Alexandria,LA
	Date of Auction:12/2/2009,at:10:00 AM
	LA –Metairie No rights of redemption! Two story,Five Bedroom,Two Bath located in a nice neighborhood.
	Date of Auction:1/14/2010,at:10:00 AM
	MA –Mattapoisett Commercial Garage Service Shop,Lease area 1468 SQ FT
	Date of Auction:12/10/2009,at:12:00 PM
	MN –Excelsior Judicial Sale –Dive into this deal…Pool included! 2-Level,3BR,1 1/2 BA,2 fireplaces,pool,deck and much more!
	Date of Auction:12/7/2009,at:1:00 PM
	NJ –Little Egg Harbor One Story Ranch with lagoon access
	Date of Auction:12/8/2009,at:11:00 AM
	NY –Phelps Approx. 5.4 acres of vacant land in Ontario County NY –Ideal for new construction or expansion of existing lot;Close to shopping,schools,hospital and NYS Thruway.
	Date of Auction:12/3/2009,at:11:00 AM
	NY –Williamson Commercial bldg with parking lot on corner of Lake Road in Williamson NY;1 block from picturesque Lake Ontario –Perfect business opportunity.
	Date of Auction:12/2/2009,at:11:00 AM
	OH –Geneva Commercial Land &Property
	Date of Auction:12/9/2009,at:11:00 AM
	SC –Walhalla Approx. 40 acres of unimproved real estate near Walhalla,SC
	Date of Auction:12/1/2009,at:9:00 AM
	SD –Highmore  **UPDATE –See ad for numerous updates***Approximately 7112 Acres of Range and Pasture Land scattered in Hyde and Hughes County,South Dakota.
	Date of Auction:12/3/2009,at:10:00 AM
	TN –Bulls Gap Use your imagination on how to use 4.61 acres off US 11 in Bulls Gap,TN,the home of Legendary county comedian Archie Campbell near the ´Tri-Cities´ region of TN &VA.´
	Date of Auction:12/10/2009,at:11:00 AM
	TN –Knoxville Lovely home in nice neighborhood. This house needs a little updating and it´s ready to go!! 3 bedrooms,1 1/2 baths in beautiful Knoxville,TN!
	Date of Auction:12/9/2009,at:10:00 AM
	TX –Pearland One Half interest in commercial real estate located in Pearland,TX- Outside of Houston,TX
	Date of Auction:12/7/2009,at:10:00 AM
	TX –Refugio (Corpus Christi) Great Deal on 1,604 unimproved acres! Suitable for agricultural use.
	Date of Auction:12/17/2009,at:11:00 AM
	VA –Nokesville  **WATCH FOR POSSIBLE FUTURE SALE DATE**10 acres of vacant land in beautiful Classic Lakes subdivision;Within commuting distance to Washington D.C.;Ideal for investors,contractors and first time homebuyers.
	To Be Announced
	VA –Petersburg Judicial Sale –Parcel 1 –Multi-Family duplex;Parcel 2 –Single-Family Residence
	Date of Auction:12/1/2009,at:10:00 AM
	WI –Bristol  **UPDATE –SALE CANCELLED**Commercial real estate consisting of two parcels
	To Be Announced

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December 2nd,2009 | Tags:IRS Auction | Category:Buying Property

5 comments to Real Estate seized by IRS to be sold at auction

• moneagent

  December 3,2009 at 9:03 am ·Reply

  old news dies fast. irs and fdic have been taking property and selling it for years. where is the not worthyness of you agenda. blah blah blah

• Dennis Norman

  December 3,2009 at 9:36 am ·Reply

  Moneagent,
  It sounds like you are a seasoned investor that has been doing this for some time and are aware of various sources of property that may be a good investment…However,many of our readers are not so experienced and in fact some are new investors….I try to present information such as this on IRS sales to give them a little background and info on the type of sale,cautions I may have to share as well as links to the source of the data and information so investors that are interested can learn more…by taking the time to copy the list of homes for sale to my post,and include links back to the property date on the IRS site,I’m simply trying to make it easier for investors to get info and check out what is available.

• Ciara Collier

  December 1,2010 at 1:18 am ·Reply

  Real Estate seized by IRS to be sold at auction-Updated List |Real Estate Investors Daily is an interesting name for a blog,keep up the good work,thanks,from Ciara Collier

• testeobig1ter

  January 12,2011 at 10:17 pm ·Reply

  muy interesante el articulo,te agradesco por publicarlo

• testeobig1ter

  January 13,2011 at 12:47 am ·Reply

  grandioso post me dio placer leerlo te lo agradezco

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