It never seems to stop...

So, if any of you have read my previous blogs, you may remember that after making an offer on a house (for my family to live in), that was being sold as-is, we found out it was in the FEMA flood plain. Well, we eventually got that figured out (refer to previous blog).

Well, three days before the closing, I was looking online for investment properties. I went to the IRS treasury department site for house auctions. I clicked on my state, and my city and there was one property. As I started to scroll down the page, I sarcastically thought "wow, that's interesting..." as I saw the address of the house that I was supposed to be buying. Bid commitments were required by March 17th, but an auction date had not yet been set. Needless to say, I was a bit concerned by this bit of news.

I contacted my realtor, who contacted the seller, who contacted whoever they bought it from, etc. Apparently it had been wholesaled before the seller bought it. The seller thinks that the IRS is wrong and that they don't have redemption rights. Of course the IRS thinks it's theirs. So, as of now, the results are as following:

• Lawyers are having friendly discussions
• We extended our closing 30 days, in hopes that the issue will be resolved.

The IRS is trying to get $20,000 more than we are paying for a minimum bid. Good luck!

Thank God that I came accross this site, somewhat by random.