Illinois Property Tax Lien Forum

Welcome to IllinoisPropertyTaxLiens.com

2008-02-19T21:32:41Z

I would just like to take this chance to welcome you to the IllinoisPropertyTaxLiens.com Fourm. Please post any questions you may have to the forum and one of our moderators or the community will try to answer it as best we can. Once we get more posts we will start organizing topics a little better. Thanks for visiting IllinoisPropertyTaxLiens.com

I want to say hi

2010-07-28T12:53:01Z

Hello guys and girls, i m new in this forum and wanted to say hi. I hope we will have great time together.
I am jenna from new york, i like to write daily blogs. One of my blog is about farmville cheats i will be happy you like new persons

Thanks,

Practice tax lien auction web site http://www.coloradotaxsale.com/

2010-01-07T09:11:28Z

I joined the practice tax lien auction site http://www.coloradotaxsale.com/.

This is a practice site only. I deposited $10,500 fake dollars and bid in 2 auctions. I wasn’t successful in acquiring any properties even after adding the full premiums to the bids. I was wondering if anyone else has tried this.

ok nobody wants to discuss my first selection

2010-01-04T20:54:33Z

I guess putting up a pick is not acceptable. I was just hoping to get a discussion going on how to go about selecting properties. How would you like to proceed in this discussion. In Arizona the tax auction is in February .. I’d love to get some incite into how to research the properties. What about about raw land??? .. We got tons of it down here! I got a mess of foreign investors owing taxes on properties 50 miles south of the Grand Canyon. I’ve heard that most of this raw land has no access to water. I haven’t verified that ... any discussion on this??? If this message is inappropriate for this discussion group let me know! I really don’t know ...

Newbie’s first researched property

2009-12-20T13:16:27Z

I’m an Arizona tax lien investor (NEWBIE) this is a property listed in Coconino County, AZ. It was recently bought (9/09) for $7,500. The tax lien is $190. Would this lien be worth purchasing? It’s 1.2 acres, just raw land with the dirt streets carved out. About 50 miles from the Grand Canyon. I’d appreciate any and all comments ... thanks! and GOOD INVESTING!!!

http://taxliens.atspace.com/503-05-065_%20display_01.htm

New member says “HI”

2009-12-18T13:57:16Z

I live in Arizona and just started learning about becoming a tax lien/deed investor. I got clued in from one of those big motivational seminars (12/2009) where the fee would have been $2000 to learn everything about tax lien investing. Well, I’m going to try and educate myself as best as I can.

I came across this forum and glad to see it is still active. I have a lot of questions about the subject and will be formulating them and coming back! Thanks for reading and I’m looking forward to sharing ideas here!

I want to make sure I understand this.

2009-12-09T18:43:53Z

I’m a lawyer who has been looking into the Cook County Tax Scavenger Sale for some people thinking about participating. I’ve never handled this sort of issue before, and before I give any advice or information to them, I want to double check with someone who seems to know what he is talking about.

My clients go to the Scavenger Sale and purchase the lien (because they are actually purchasing a lien on the property in question, correct?) for $250 (I assume $250 because I can’t imagine anyone else would want to buy this little parcel). They now own a lien on the parcel. The current owner has a period to redeem it. Q1: What’s the period of redemption for a little tract of land with no habitable improvements on it? Is it 2 years? If the current own does not redeem the taxes on it, which they almost certainly will not, I transform the lien into tax deed. Q2: Assuming my clients then take ownership of the property after the redemption period is over, do they also have to pay the taxes and/or penalties on the property, or do they take basically as new?

To sum up, are my client looking at a 2-year ordeal? And will it cost them the tens of thousands in back taxes and penalties, or will they only end up paying the lien purchase cost plus court filing fees to perfect the deed?

Thanks for any information.

new member

2009-10-08T21:22:00Z

I was reading your posts and you seemed discouraged about the lack of members. I am very happy this site is here. I really want to learn how to invest in tax liens for extra income and hopefully for a career. I am going to take your advice and read the Illinois statutes and I will get back to you with questions. Thanks for the site.

Tax Lien

2008-06-10T11:13:31Z

How many members that are active buying Illinois tax lien certificates? Do they make few dollars profit on their investments with in one yera time? I am new to tax lien certificates and I want to know if it is possible to make few dollars on $1,000 investment. Answer is very much appreciated.

Thanks,
viewsonic