IRS Foreclosures

IRS foreclosures are homes that have been repossessed by the government for issues like nonpayment of taxes. Once a Home Foreclosure is completed, the IRS becomes the rightful owner of the property and sells the home as quickly as possible at market value. Many IRS foreclosures are sold using a an auction or bidding process and - this is important - are sold AS IS.

Information on IRS foreclosures and auctions are available through the US Department of the Treasury. The IRS does not provide financing for the purchase of an IRS foreclosure, and payment must be in the form of cash, certified check, cashier's or treasurer's check, or by a US postal, bank, express or telegraph money order.

Home Refinancing

Home refinancing can be a great tool to prevent Home Foreclosure. Home refinancing occurs any time that existing loans are paid off by a new loan, but they can also help prevent Home Foreclosure by lowering your monthly payments. Refinancing your home can take the form of Home Mortgage Refinancing or refinancing secondary financing, like Home Equity Loan Refinancing.