Will we EVER close on the house we want to buy?? Here is an update on the situation.
The one and only thing holding up the closing is that the IRS has slapped a tax lien on the property. In order for us to get clear title, the IRS has to provide a Certificate of Release of Federal Tax Lien. Supposedly they have already agreed to the dollar figure that would be their portion of the sales proceeds. Now they want the seller to provide some additional information that they apparently need on file when they grant a lien release.
I had a long conversation with Richard, the listing agent, yesterday morning. He told me that he expected to get the requested documentation to the IRS by the end of yesterday. He has a direct contact at the IRS who is working on this, and he asked her to PLEASE expedite the procedure. She indicated that she MIGHT be able to provide the lien release in about a week. (If you want to know my theories about why it takes the IRS so long to do something, please read my previous post, “What’s Taking So Long?”. It might be good for a chuckle. :o)
I told Richard that we’d give him until a week from this Friday — that’s 9 days. If we don’t have clear title by then, we will have to decide what we want to do next.