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IA 8453 PE 41022 Form

IA 8453 PE 41022 Form

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hey everyone case to them in here we're talking about tax cells in the state of Iowa now Iowa is interesting it is a bed down ownership interest state by state statute what this means is that the person who is willing to accept the lowest amount of ownership in a piece of property in the event of that lien becomes foreclosed is the winner of the auction so in this situation if a lien was foreclosed you could be a ninety-nine percent owner or you could be a fifty percent owner technically if the bidding got to the point you could own just one percent interest in a piece of property then you'd have to file a court action to sell that property and then of course you'd split the proceeds proportionately in order to get your one percent back as you can see this can be a very very complicated issue instead to avoid this confusion and complication involved with the bid down ownership method most treasurer's offer the liens to be sold in rotational or random typ

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