Once the property subject to a federal tax lien has been foreclosed by a senior lienholder, the United States has 120 days from the date of the foreclosure sale, or the period allowable for redemption under local law, whichever is longer, to redeem the foreclosed property. The United States may, upon application (Form 487) release their right of redemption. Therefore, unless the United States has specifically waived its right of redemption, an exception must be made for possible right of redemption on any commitment or policy issued within the United States’ redemption period.