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.
UT – North Salt Lake City
Commercial real property – large bldg with parking lot on .35 of an
Date of Auction: 10/8/2009, at: 11:00 AM
AZ – Phoenix
Great view of the Four Peaks, custom home lot approx 330,958 sq ft
Date of Auction: 11/4/2009, at: 3:00 PM
CA – Oakland
Judicial Sale- Wonderful income-producing property includes store and apartments.
Date of Auction: 11/19/2009, at: 1:00 PM
CA – Riverside
Fixer Upper in Wood Crest area of Riverside, CA
Date of Auction: 10/29/2009, at: 10:30 AM
CA – Sacramento
Well kept single family residence, 1551 sq ft, mastersuite located in Sacramento, CA
Date of Auction: 11/2/2009, at: 11:00 AM
CO – Colorado Springs
Premier home in the exclusive Broadmoor Oaks subdivision of Colorado Springs. Don´t miss this opportunity!
Date of Auction: 10/28/2009, at: 12:00 PM
CO – Denver
Two Bedroom brick bungalow. Located near I-70 and the Denver Coliseum.
Date of Auction: 10/30/2009, at: 1:00 PM
CO – Meeker
Single family residence located near Meeker, CO. Rural setting approxiamately 6 miles from town.
Date of Auction: 10/20/2009, at: 1:00 PM
FL – Brooksville
Judicial Sale – Outstanding Rural Community
Date of Auction: 10/22/2009, at: 10:00 AM
FL – Daytona Beach
Judicial Sale – Beach Getaway – See amenities online at Daytona Inn Beach Resort
Date of Auction: 10/27/2009, at: 10:00 AM
FL – Milton
**UPDATE- ADDITIONAL PHOTOS ADDED**This is a great ´project house´ with a pool on 10-wooded acres.
Date of Auction: 10/27/2009, at: 1:00 PM
FL – Palm Coast
Newer home in quiet neighborhood
Date of Auction: 10/29/2009, at: 1:00 PM
GA – Harris County
**UPDATE – Sale Adjourned – New Sale Date – All Else Remains the Same**Unimproved Land in Harris County GA – 22 Acres.
Date of Auction: 10/20/2009, at: 10:00 AM
HI – Hauula
**UPDATE- SALE LOCATION, DATE, AND TIME AVAILABLE Property near the beaches of Hauula on the Island of Oahu
Date of Auction: 10/22/2009, at: 12:00 PM
IA – Spirit Lake
Judicial Sale – Acreage with four Garages, Geothermal heating, concrete circular drive and more. Also, garage located in town.
Date of Auction: 10/15/2009, at: 10:00 AM
IL – Mt. Vernon
Two BR, 1BA, 1008 sq. ft. home & several outbuildings with 123 acres…some tillable!
Date of Auction: 10/28/2009, at: 9:00 AM
KS – Lenexa
**UPDATE – PRICE REDUCED! SALE DATE AND TIME AVAILABLE**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: 10/9/2009, at: 11:00 AM
ME – Bowdoin
Recreational Lot in Bowdoin, Maine.
Date of Auction: 10/9/2009, at: 10:00 AM
MI – Rose City
Cottage on Beautiful Island Lake in Northern Michigan.
Date of Auction: 10/14/2009, at: 11:00 AM
MN – New York Mills
**UPDATE – SALE POSTPONED UNTIL FURTHER NOTICE**Judicial Sale – Hunting and Work Shops – approx. 61 acres
To Be Announced
MO – Sainte Genevieve
Quaint Two-Story home located on large corner lot in historic Sainte Genevieve, Missouri
Date of Auction: 10/8/2009, at: 12:00 PM
NC – Ayden
Commerical property on apx 2.64 acres
Date of Auction: 10/16/2009, at: 11:00 AM
OH – Chagrin Falls
LOCATION, LOCATION, LOCATION. Privately situated on a hilltop. Southern Style Cape Cod colonial in the Exclusive Canyon Lakes Subdivision
Date of Auction: 10/15/2009, at: 12:00 PM
OH – Forest
Judicial Sale – 3 BR, 1 1/2 BA, 3 car garage house; Enjoy fishing on your own pond! Approx. 5800 square foot commercial building with 2 bay garage doors included across County Road 175.
Date of Auction: 11/4/2009, at: 12:00 PM
OH – Vanlue
Quaint residence located in the Village of Vanlue
Date of Auction: 11/5/2009, at: 12:00 PM
OH – West Chester
74.33 acres of Prime Development Land near I-75 in growing West Chester, OH
Date of Auction: 11/3/2009, at: 12:00 PM
PA – Pittsburgh
Build your dream home! Vacant land – 2.7 acres and ready to be developed!
Date of Auction: 10/8/2009, at: 10:00 AM
PA – Sunbury
Commercial building in the center of town on the main street
Date of Auction: 10/15/2009, at: 11:00 AM
TN – Memphis
Approximately 3.96 acres of wooded land, located in an industrial area in the Memphis city limits.
Date of Auction: 10/22/2009, at: 11:00 AM
TX – Dumas
Nice brick home in established neighborhood, great for rental income.
Date of Auction: 10/22/2009, at: 11:00 AM
TX – Houston
A charming 2,171 sq ft home. 4 bedrooms, 2 baths, 2 car attached garage at a great price!!
Date of Auction: 10/26/2009, at: 10:00 AM
TX – Kaufman
2.62 acres located in Kaufman, TX
Date of Auction: 10/15/2009, at: 11:00 AM
TX – Kingsville
1.033 ACRE OF UNIMPROVED REAL ESTATE
Date of Auction: 10/27/2009, at: 10:00 AM
TX – Mount Pleasant
Commercial real property located in Mount Pleasant, TX
Date of Auction: 10/14/2009, at: 11:00 AM
TX – Rowlett (outside Dallas)
Looking for a great investment in this economy, well here´s one- Charming 3 bed 2 bath 1,450 sq ft home. Redeemed property with no rights to redemption!
Date of Auction: 10/21/2009, at: 10:00 AM
VA – Nokesville
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.
Date of Auction: 10/21/2009, at: 11:00 AM
VA – Williamsburg
Kingsmill vacation home community along James River created by Busch Properties
Date of Auction: 11/5/2009, at: 12:00 PM
WA – Walla Walla
Single family residence
Date of Auction: 10/28/2009, at: 11:00 AM
WI – Wrightstown
.81 acre vacant residential lot
Date of Auction: 11/3/2009, at: 10:30 AM
Auction Dates To Be Determined (Check Treasury Website)
KS – Edwardsville
Two-Story, 2,608 sq. ft. single family residence on corner lot; 3BR, 2 1/2 BA, 3 car garage; built in 1989.
NC – Harrisburg
Two-Story home located on .25 acre lot; 5BR, 3.5BA, Fenced back yard and more!
NC – Oak Island
Beautiful 3 story beach house with ocean views
SC – Beaufort
Yes, this CAN be your piece of Paradise on Daufuskie Island!
TN – Germantown
Single Family Residence
TX – Arlington
Nice two story home with pool
TX – Arlington
Nice two story home with pool
TX – Arlington
Nice two story home with pool
TX – Colleyville
Beautiful executive home in Dallas/Ft. Worth suburb
TX – Corpus Christi
Investment property
TX – Highlands
Nice Ranch Style home in Houston Suburb
TX – Houston
Beautiful townhouse west of downtown
TX – Lubbock
Nice one story brick home
TX – Plano
Nice brick home with pool and hot tub
TX – Plano
Lot in exclusive neighborhood
VA – Fairfax County
One-Story, ground-level, attached commercial office condominium located in a professional office complex; built in 1986; total square footage is 1,194.
VA – Falls Church
Holmes Run Crossing Subdivision, Lot 35, Falls Church, VA
VA – Keysville
46,000+ Sq. Ft. warehouse on 44.162 acres in Charlotte County, VA. Charlotte County Assessed value of $1,895,100.00.
VA – Radford
2 bedroom 2 ½ bathroom townhouse with full basement
VA – Radford
Eight partially completed townhomes in mid-construction.
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