Asked by Eirinn, 02191 • Wed Mar 10, 2010
I am currently living in one unit of a two family which is in short sale for approx. 6 weeks. There is an IRS lien on the house and for the past year, the rent has been paid directly to the IRS. Since it is quite complicated, I wanted to at least get first dibs on the property and 6 weeks ago when the 'For Sale' sign went up, I put in an offer. Of which, the seller verbally accepted upon tax lien being lifted and taken care of. His realtor has not been very helpful in offering information and I wondered at this time, what is the standard time frame of short sales? Since I live there, I may have more patience than most but need to know if it is just a lost cause. The owner moved in last weekend which complicates it further and seems to add to my suspicion. A real estate attorney advised that no rent should have been paid all year and certainly not now since it is in short sale mode. However, I don't want to get a bill from the IRS since nothing has been paid since Jan. 2010. Thank you!
Real Estate in Dorchester Center
Popular Categories in Dorchester Center
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!