IRS Tax Lien Release in Response to Rescission

2017 August 9
by GJTBS Admin

The St. Louis office obtained a full release of an IRS federal tax lien against its client’s real property in St. Louis, Missouri. At foreclosure sale, a third party “missed” the lien at issue and failed to give statutory notice to the IRS of the impending sale. But by leveraging the ability to judicially rescind the post – lien foreclosure sale, reinstate the power of sale contained in the client’s deed of trust (mortgage) and essentially “re-foreclose” with proper notice, Galloway’s attorneys Scott Mueller and Anne Kelly convinced the IRS to release its interest consensually without the need for litigation costs and delays to the client, which was then able to sell the property as intended.

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