Illinois
Tax Lien Certificates
Illinois
Tax Lien Certificates Auction Information
| Sale Type: Lien |
Bid method: Bid down the
interest |
| Interest Rate: 18% Penalty |
Sale Dates:
Varies
Cook - April
Champaign - October
Adams - October
DuPage - December
Peoria - October
|
| Redemption Period:
2-3 Years |
Comments: Sales
vary greatly. Lots of clauses. Upwards of 216% down to
36% over 3 years.
|
Sale Type:
Tax Lien State, Tax Deed State, Hybrid State
Interest
Rate: Interest rate earned on investment.
Redemption
Period: The
length of time the owner of the property has to pay off the
tax lien.
Bid
Method: The method of bidding, which can change based
on county or state. Read my guide to tax
lien certificate bidding systems to learn more.
Sale
Dates: Each
county will also have different dates when auctions are held.
Some are held once a year, while others on a monthly basis. |
