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Getting Started
If you’re new to purchasing tax liens in Illinois you’ve come to the right place. IllinoisPropertyTaxLiens.com is one of the only places on the net that you’ll find loads of information about purchasing tax liens in Illinois. Best of all - its all free. I’m sure you’re searched the web and found a hundred or more so called manuals to how to purchase tax liens. The problem with these manuals is that most of them discuss tax liens on a national scale and leave it up to you the reader to find the information on a state to state level. This is difficult to do because tax liens are governed by state laws and laws are generally difficult to understand when one has little background in the subject. IllinoisPropertTaxLiens.com will get you informed and pointed in the right direction if tax lien investing is for you.
The best place to start is with The Basics, but don’t forget to visit our forum and other resources.
Recent Tax Lien Articles
I’m a serious tax buyer…
If you’ve ever sent a letter that starts like this i can guarantee you are one of the many who have become prey for the hundreds of people out there promising to make you rich buying tax liens. Most books or seminars only give broad definitions of how tax liens work and then supply a form letter so that you may send it to the county treasurer to obtain the exact details of how the tax sale procedures work in that county. Save your money!!! If you are really interested in purchasing tax liens read the Illinois Property Tax Code and hire a qualified real estate attorney to explain it to you. For those of you who purchased the book and haven’t gotten around to mailing the letters I’ll save you the trouble and give you the answers now.
Illinois Internet Tax Sales - Do they exist???
There are currently no Internet Tax Sales conducted in Illinois although many counties do employ an automated bidding system. Illinois law states that you must be present at the tax sale to bid. While many new tax buyers may feel that Internet bidding is the way to go there are many major issues and concerns county collectors across the state will have to consider before opening up Illinois Tax Liens to the world wide web.
Why Buy Illinois Tax Certificates at 0%
In numerous counties around Illinois professional tax buyers have been purchasing thousands of tax lien certificates at 0%. This has completely baffled all of the new tax buyers and others in the industry. Before you start buying at 0% you need to know the possible strategies the pros are putting in place.