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Form 12153 Downey California: What You Should Know

In January 2018, IRS agents began searching 12153 ORIZABA AVE.  The property is currently assessed at 1,500,800 according to the last assessed valuation report. It has been assessed a negative value of 2,902 since the assessment was received in 2005. In December 2012, the property was subject to an IRS lien for 1,849. The property was placed on the market at 1,950,000. In the summer of 2013, after an auction of the property went horribly awry, the property was acquired by IRS Agent Andrew Hargreaves. Hargreaves promptly transferred the property to his wife Laura Hargreaves, who then registered a new deed, transferring the property from Mr. Hargreaves to Ms. Hargreaves, without first obtaining a loan or foreclosure. On June 22, 2014, Mr. Hargreaves registered a new deed of trust transferring all of his interest, including the title to 12153 DOWNEY AVE to Laura Hargreaves. In September 2014, the transfer was finalized by filing the title as true under the California Secretary of State. The deed is dated 7/27/15 and signed by Mr. Hargreaves. The Hargreaves' attorney has been working on the foreclosure of 12153 ORIZABA AVE since December 2013. On June 25, 2014, IRS Agent Andrew Hargreaves and his attorney, Brian Pasquale, filed for a foreclosure proceeding. According to the Hargreaves' filings with the District Court, the IRS has a judgment for the balance of 1,849 against Mr. Hargreaves. The IRS also has claims against 12153 ORIZABA AVE and the Hargreaves' home in Glenda for various amounts.     The Hargreaves's received notice that the IRS is prepared to “discharge” this 1,849 judgment as of December 19, 2014. The Hargreaves have been working on the foreclosure for a number of weeks now. According to the Hargreaves' attorney, Jason Pasquale, in July, the foreclosure will commence. Mr. Pasquale stated it “is the endgame.” It is unknown at this time how this foreclosure will proceed, but I suspect it may be quite easy.

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