Just got a notice from the IRS asking for guaranteed bids on a house in Southern California. I researched it and it is a trustee sale property that sold to a 3rd party bidder. It is 90 days into their 120 day redemption period so they are quickly trying to get deposits in for a minimum bid amount. This is the first time I have seen the IRS try to redeem a foreclosure property from a 3rd party bidder.
Frankly, the minimum bid amount is a little too high for investors and it barely covers the cost of paying back the winning bidder, recording costs and carrying costs. Not sure why they are even bothering to try to redeem it. They probably will not get any takers so it will not be redeemed, but I thought I would let everyone know that they actually are trying to redeem something from auction.