Something I've always wondered about IRS property seizures?

Let's say you owe the IRS $20,000 and they decide to seize your property. ( I know this is unlikely and can take a very long time so the IRS tries to avoid it at all costs) for the sake of my question let's say they do seize your property and sell it at auction. If you only owe $20,000 and they sell your... show more Let's say you owe the IRS $20,000 and they decide to seize your property. ( I know this is unlikely and can take a very long time so the IRS tries to avoid it at all costs) for the sake of my question let's say they do seize your property and sell it at auction.
If you only owe $20,000 and they sell your property at auction for 100k what happens to that other $80,000? Does that get paid to you or does the IRS keep that as well?
6 answers 6