Are Trustee Sale buyers avoiding to bid on houses with owners with common last names, e.g. “L. Anderson” because of a greater risk of an IRS tax lien popping up within the 120 day redemption period? This is what I’ve heard from one Title professional. This is why they don’t issue title insurance during this period. The issue he said is because tax liens “follow the person, not their property.”
Second, what is the risk of the IRS redeeming a property… He said it’s rare but it does happen.