Re: [DML] Re: IRS selling delorean at auction
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Re: [DML] Re: IRS selling delorean at auction



You can get a great deal at the IRS auctions if you know what you are  doing. 
One question that was asked is how do you bid?  You must attend the  auction 
in order to bid since it is a public auction.  If it was  a  sealed bid 
auction you could send a bid in.  
    The highest bid above the minimum gets the  prize.  These cars are 
released from the Federal Tax Lien by the sale  action.  You do not have to pay off 
the liens to get the cars.  You do  need to see if there are any auto loan 
liens on the vehicles because you would  have to pay those off to obtain clear 
title.   The best way to find  out is to ask the officer in charge.  What to 
ask?  (1) Are there any  liens or obligations against the vehicles that are 
superior to the IRS  lien?  (2) Will there be someone  there to start the cars? (3) 
What  are the minimum bids for each vehicle?  That should about do it.
    How do I know?  I retired a couple of years  ago from the IRS after 33 
years of service.
 
Roy


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