Hope someone can help me on out the below questions
Will a buyer at trustee sale ever be liable for a IRS lien from an foreclosed homeowner at trustee sale?
Will the buyer be liable if the IRS lien is recorded prior to the Trust Deed/Note?
The property I am looking at has an IRS lien recorded in 2005 but a trust deed/note recoreded in 2006. I am assuming that the IRS lien is subordinated when that happened. Is that a safe assumption? If yes, since it is a junior lien, the IRS lien should be discharged subject to the 120 days redemption period. Am I correct?