By virtue of the authority vested in me by Part O of Title 28 of the
Code of Federal Regulations, particularly Sections 0.70, 0.160, 0.162, 0.164,
0.166, and 0.168, it is hereby ordered as follows:
Section 1. The U.S. Attorney for each district in which is located real
property, which is subject to a right of redemption of the United States in
respect of Federal tax liens, arising under section 2410(c) of Title 28 of the
United States Code, or under State law when the United States has been joined as
a party to a suit, is authorized to release the right of redemption, subject to
the following limitations and conditions --
This redelegation of authority relates only to real property on which
is located only one single-family residence, and to all other real property
having a fair market value not exceeding $200,000. That limitation as to value
or use shall not apply in those cases in which the release is requested by the
Department of Veterans Affairs or any other Federal agency.
The consideration paid for the release must be equal to the value of the
right of redemption, or fifty dollars ($50), whichever is greater. However, no
consideration shall be required for releases issued to the Department of Veterans
Affairs or any other Federal agency.
The following described documents must be placed in the U.S. Attorney's file
in each case in which a release is issued--
Appraisals by two disinterested and well-qualified persons. In
those cases in which the applicant is a Federal agency, the appraisal of that
agency may be substituted for the two appraisals generally required.
Such other information and documents as the Tax Division may
prescribe.
Section 2. This directive supersedes Tax Division Directive No. 55,
effective May 7, 1986.
Section 3. This directive shall become effective on the date of its
publication in the FEDERAL REGISTER.
Date: April 27, 1990
SHIRLEY D. PETERSON
Assistant Attorney General
Tax Division