IRS selling a 40c Fleetwood

[riven1950]

Hopefully this is ok to post, info only, not an ad. Ran across this 2002 Fleetwood 40c motorhome the IRS is selling. I know nothing about MH's but it looks nice if someone is near Ohio and in the market for one.

http://www.treasury.gov/auctions/irs/beoh_auto_7121.htm

[GrumpyGator]

Riven1950 is correct. Do not listen to rumors. Especially from RV Lawyers. Read the fine print, and if you're not sure, do your due diligence.

Disclaimer: I'm not an attorney, I don't play an attorney on TV or RVNet. I did stay at a Holiday Inn once.

[beemerphile1]

No need to be defensive. I was only pointing out that one needs to be careful and be certain of what you bid on.

The real estate deal was fact, not opinion or rumor. I did my due diligence, went to the IRS office and discussed it with them. Anyone wanting to bid on an IRS seized vehicle should do the same.

[riven1950]

"I looked into bidding on a house the IRS was selling. Turns out the wife would still own half of the equity and the buyer would be responsible for half of the mortgage that was on the property in addition to the winning bid. I walked away."

"Will they show you the title (don't trust them)?"

AGAIN, I am telling you DO NOT listen to rumors and opinions...each sale is / may be different...this ain't Real Estate which is mentioned above...like comparing apples / oranges.

Call them and if interested and then go on inspection day and ask more ?? in person. I have bought several gov't vehicles, some with the actual title, several only had a bill of sale type form ( because the Gov't bought them new and they don't normally title their vehicles )which DMV accepted and issued me a title. They will tell you what paperwork you will receive the you can verify with your DMV if it is ok. Not rocket science.

[Cloud_Dancer]

Will they show you the title (don't trust them)?

[beemerphile1]

I looked into bidding on a house the IRS was selling. Turns out the wife would still own half of the equity and the buyer would be responsible for half of the mortgage that was on the property in addition to the winning bid. I walked away.

[riven1950]

FYI--- The wording about the liens is a standard disclaimer. I have bid on cars before and what you bid is what you pay. No other lien to pay off.

I suggest interested people call the contact number and ask directly and verify this, but it is correct. Others are misleading you if they say you have to pay a mystery lien off in addition to your bid. Also, the contact person is usually the one who took the pics and may answer some condition questions for you too. They are usually very helpful.

[mich800]

This is an interesting note. Sounds like if there is still a loan secured by the asset it may survive the auction.

"Only the right, title and interest of the Taxpayer in and to the property will be offered for sale. If requested, the Internal Revenue Service will furnish information about possible encumbrances, which may be useful in determining the value of the interest being sold."

Looks like Grumpy beat me to the fine print.

[GrumpyGator]

Looks like whoever buys it, takes on any outstanding liens as well. Read the fine print well.

[John___Angela]

Rare breed. First year production and one of the few with rear radiator and 330 ISC. There are a bunch of other differences but mostly cosmetic or appliance positioning, water heater etc.

[tatest]

You'll be bidding against dealers at first, unless the reserve is too high.

[powderman426]

Link