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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.

1.  Please provide details of availability of tax lien certificate over-the-counter or through assignment purchasing.

Answer:  In most counties there is no over-the-counter, but you can purchase assignments through the county trustee

2.  Provide a current list of delinquent tax lien certificates in your county.

Answer:  Most counties will NOT provide you with this list without filing a proper freedom of information act request and they will charge you.  If you are only interested in assignable certificates, a list is available for purchase at ILTaxsale.com for counties represented by Joseph E. Meyer & Associates.

3.  Indicate the feasibility of my purchasing one or more certificates following your next auction?

Answer:  This is a really dumb question!!!

4.  Whether I will be able to purchase available certificates by mail, over the phone, over the internet, in person, or through an assistant.

Answer:  In Illinois you or someone working for you must be present at the tax sale to purchase certificates.  Most assignments are handled through the mail.

5.  Please indicate any fees applicable for purchasing a tax lien certificate in you county.

Answer:  There is no registration fee for the tax sale but some counties have a registration deposit up to $500

6.  Please provide the name and phone number of the employee in charge of disposing of certificates after the auction, so i can contact this employee with any further questions i may have.

Answer:  Nearly every county is going to refer you to the county trustee office for assignments.  Some counties operate there own trustee program through the county clerks office, but they will only give you limited information in regards to how tax liens work.

7.  Include the internet web site address, if used.

Answer:  If you can’t find a counties web site on the internet - you shouldn’t be buying tax liens...



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.