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Tax
Lien Certificates In Illinois IL
Illinois
is an excellent state for tax lien
certificate sales. Here is a
summary of information for tax
sales in Illinois:
Interest
Rate
36%
for full year, on farm land 24%
Redemption
Period
2
years
Illinois
tax lien auctions
Most
county tax lien sales are in
November
Illinois
tax deed sales
Illinois
does have tax deed sales but they
are not very common and are called
scavenger sales. If enough
properties are available,
Scavenger sales in Illinois are
conducted during odd-numbered
years.
Bidding
Process
All
auctions are by competitive bid.
In most counties, you must
pre-register to
bid approximately 10 days in
advance of the sale
State
Specific Information
Illinois
is probably one of the best tax lien
certificate investing states
because the interest rate is high
and the redemption period is
short. Very populated
counties have competitive sales.
Discover
the most comprehensive
tax-lien-certificate/tax-deed-sale
investing product on the market
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