AbstractorPro (Real Title Services)
Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



NALTEA CONFERENCE CANCELLED - Wanda Steudel/OH
9/14/2015 11:32:16 AM (1629 views)

[-] pre-existing Federal Tax Lien question - Leigh Attridge/MA (13 replies)
9/12/2015 8:12:21 AM (2455 views)
Re: pre-existing Federal Tax Lien question - Carol Clark/NY
9/12/2015 12:15:24 PM (1958 views)
Re: pre-existing Federal Tax Lien question - Leigh Attridge/MA
9/12/2015 12:46:12 PM (1980 views)
Re: pre-existing Federal Tax Lien question - Robert Franco/OH
9/14/2015 11:04:07 AM (1816 views)
Re: pre-existing Federal Tax Lien question - Carol Clark/NY
9/14/2015 1:19:15 PM (1878 views)
Re: pre-existing Federal Tax Lien question - Robert Franco/OH
9/14/2015 1:47:32 PM (1703 views)
Re: pre-existing Federal Tax Lien question - Carol Clark/NY
9/14/2015 2:01:18 PM (1654 views)
Re: pre-existing Federal Tax Lien question - Leigh Attridge/MA
9/14/2015 5:46:22 PM (1854 views)
Re: pre-existing Federal Tax Lien question - Michael Madden/RI
9/18/2015 1:34:39 PM (1570 views)
Re: pre-existing Federal Tax Lien question - Leigh Attridge/MA
9/18/2015 6:03:28 PM (1572 views)
Re: pre-existing Federal Tax Lien question - Carol Clark/NY
9/21/2015 5:30:33 PM (1515 views)
Re: pre-existing Federal Tax Lien question - Rita Killary/NY
9/14/2015 6:44:14 PM (1810 views)
Re: pre-existing Federal Tax Lien question - Michael Madden/RI
9/18/2015 1:41:03 PM (1529 views)
Re: pre-existing Federal Tax Lien question - Lynda Cooke/VA
9/22/2015 11:40:41 AM (1513 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.   

to post a reply: login - or - register



[+] Altisource - Marcy Planer /LA (3 replies)
9/11/2015 12:48:30 PM (2697 views)

[+] Core Logic - Lucille Femine/TN (14 replies)
9/9/2015 6:04:13 PM (2634 views)

[+] Realmetrix Comes Through - jess barker/IL (8 replies)
9/9/2015 5:33:49 PM (2172 views)




[+] Amerisearch - Lisa Ramsey/TX (2 replies)
9/8/2015 6:26:14 PM (2397 views)

[+] How to look up titles online - Chris Leonard/GA (5 replies)
9/8/2015 4:35:02 PM (2244 views)

[+] Credit Line - Lisa Ramsey/TX (1 reply)
9/5/2015 10:58:06 AM (2194 views)

[+] SouthEastTitle and Processing -NON PAYER - Tamara Howard/FL (7 replies)
9/3/2015 9:56:47 AM (1996 views)

[+] Assuming non-Assumable mortgage? - Alix Ott/MI (4 replies)
9/2/2015 8:33:21 AM (1949 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 (2000 views)

Attention New England examiners upcoming conferences - Leigh Attridge/MA
8/26/2015 11:41:41 AM (1909 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 (2120 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8923 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Unveiling the Costs: Why Commercial Title Searches Command a Premium
Security American's Blog
2024/04/17
0 comments

Protecting Your Home: The Ins and Outs of Deed Theft and How to Shield Yourself
Security American's Blog
2024/03/21
0 comments

Exploring the Implications of Eliminating Mandatory Title Insurance
Security American's Blog
2024/03/11
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Consumer and Industry Advocates Highlight Measures to Counter Rise in Elder Real Estate Fraud and Financial Exploitation
In time for World Elder Abuse Awareness Day, the American Land Title Association (ALTA), National Consumer Law Center (N...
May New Home Purchase Mortgage Applications Increased 13.8 Percent
“There continues to be strength in the new home purchase market, as purchase applications increased in May compare...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates were trending lower over the course of last week until a stronger than anticipated employment repo...
More than 900 Housing Professionals Urge Congress to Act on Affordability Crisis
“Members of the housing community from across the nation have come to the nation’s capital for the National ...
ALTA Announces ClosingLock as Elite Provider
Trusted by hundreds of title companies and law firms and supported by financial service providers such as J.P. Morgan, C...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

LOCAL SEARCHERS (PA& EVERYWHERE)-WE PAY
June 04 2024
We are an AMERICAN production and marketplace company, working with most of the major underwriters and Seeking LOCAL independant title searcher(s) for regular work in the following PA counties:
Huntingdon
Mifflin
Juniata
Greene
Warren
Cameron...[more info]


link
email
© 2020, Source of Title.